At Company-Lifeline.co.uk We Offer A fast & efficient liquidation service that is tailor made to your requirements, we have a team of expert insolvency practitioners ready to attend to your situation and bring you the best possible conclusion to your businesses' trading.

1. COMPANY-LIFELINE.CO.UK
Giving Your Business Another Lifeline Call 0845 463 3328 to Speak Direct to one of
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At Company-Lifeline.co.uk We Offer A fast &
efficient liquidation service that is tailor made to
your requirements, we have a team of expert
insolvency practitioners ready to attend to your
situation and bring you the best possible
conclusion to your businesses' trading.
Liquidation Experts On Hand & Ready To
Help
Competitive Fees, Proven Track Record Of
Success
Confidential, Efficient Service, As Quick & As
Smooth As Possible
Whhoo AArree Wee??
Company-Lifeline.co.uk helps you find a solution
that can help yourself and your business(es)
through any form of financial hardship, either
enabling you to cease trading OR help you get the
best possible solution for Your Business.
Whhyy CChhoooossee UUss??
We Have Facilitated The Liquidation Of
Many Businesses
Our Customers Have Been Happy With
The Service
We Have Years Of Experience In
Matters Of Company Liquidation
(More Benefits Below)
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Liquidation Services
Liquidation Services
More Information On Liquidation
What Is Liquidation?
The term “liquidation” refers to the process by which a company ceases trading & the winding
up of the companies’ affairs, after which the company’s assets are realised, most simply put, it
is a way in which a company can cease to exist.
There are two primary forms of liquidation:
Voluntary Liquidation:
This term refers to the deliberate cessation of a business whereby the members of the
company voluntarily stop the trading of the company and all its business affairs.
This is a deliberate process, initiated by a company’ directors.
Compulsory Liquidation:
This term refers to the forced closure of a business, usually initiated by a third party (however
in some cases it can be enforced by the business itself) it can also be initiated by any creditors
or contributories.
As implied by the name it is intended to be a compulsory process and involves the sale of the
company’s assets in order to be distributed amongst the creditors as a way to recover costs.
Benefits Of Liquidating A Business
All Debts Remain with the Company, Including Any Tax Liabilities that are related to the
business
You Are Free To Start Afresh & Open Up Another Company
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2. All Debts Remain with the Company, Including Any Tax Liabilities that are related to the
business
You Are Free To Start Afresh & Open Up Another Company
Statutory Process Controlled By A Liquidator
Legal Action May be Stopped Once The Business Is Liquidated
Creditors Can Take No Further Action Against You Once The Process Is Completed
Minimizes Any Risk Of Wrongful Trading
Entering The Process Will Alleviate creditor pressure
Creditors Can Claim Back Vat On Debts Owed
Can Lower Your Stress As A Result Of Taking Action
It Is The Company That Is Liquidated, Not The Individual
To Find Out More About This Particular Solution & If It Is Right For You, Complete Our Quick
Form To The Top Right Hand Side Of The Page, OR Call 0845 463 3328 Now.
Under Which Circumstances Is It Best To Liquidate A Business?
Liquidation is best used when someone wishes to cease trading with a business, if a business
has financial issues, issues with cash flow, tax issues, or VAT problems, it is the best solution
for that.
It enables an individual to get a ‘clean break’ from a business in the event that it is non
recoverable.
It is a financial solution that can put an end to the stress and hassle that can be caused as a
result of insolvency and is recommended to any directors in businesses that would be better
closed down as they are showing little sign of being recoverable.
What Are The Different Official ‘Types’ Of Liquidation in practice?
There are different official types of this particular solution
Compulsory Liquidation – When a company is petitioned to dissolve by it’s creditors because
they believe that a company cannot pay it’s debts, this is also commonly done by the HMRC in
the event that tax liabilities have become unmanageable and it is best for the business to
cease trading due to these issues.
Creditors Voluntary Liquidation – This is when the creditors of a business petition for a
particular business to dissolve due to the fact that it cannot pay its debts, this is a way in which
creditors can mitigate their losses and recover as much of the balance owed as possible from
any assets or cash at back the company might have.
Members Voluntary Liquidation – This is when a company does not necessarily need to
dissolve, BUT the members that run the company wish to cease trading, a court appearance is
necessary for this solution because the business must prove it is not insolvent and is not trying
to cease trading to avoid paying its’ creditors.
How Can This Help Me With Tax Liability?
If a company is dissolved, then all of the liabilities of that business go with it, it is (in basic
terms) business bankruptcy and should be considered as a last resort for any business.
So in relation to tax, the liability of tax would be dissolved with the business and then would
not exist moving forward due to the closure of the company.
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Tax liabilities tend to be the main reason why people need to liquidate a company, as in certain

3. So in relation to tax, the liability of tax would be dissolved with the business and then would
not exist moving forward due to the closure of the company.
Tax liabilities tend to be the main reason why people need to liquidate a company, as in certain
cases financial matters spiral out of control meaning that the company liable for any balances
owed to the HMRC are unable to pay.
How Is This Similar To Bankruptcy?
It allows a business to dissolve and to clear it’s debts much like bankruptcy does for an
individual who was insolvent.
It enables a company to get a fresh start and not be held back by outstanding debts, cash flow
issues, or any other form of financial problem.
Copyright © 2014 | Company-Lifeline.co.uk
The information on this website is in no way to be considered a warranty or guarantee of any kind. While Company-Lifeline.co.uk has taken every effort to ensure any and all
content is accurate we do not accept any liability and responsibility should the information prove inaccurate. At all times, it is recommended to speak directly to a licensed
insolvency practitioner to ensure you act and have all the necessary and up-to-date information.
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