1. Creditors' Voluntary Liquidation (CVL):

In times of financial distress, a CVL can provide a responsible and structured solution for companies facing insolvency. This process allows company directors to voluntarily take the decision to appoint a Liquidator.

By initiating a CVL, a company can wind down its affairs in an orderly manner, satisfying its obligations to creditors and paving the way for a fresh start.

2. Simplified Liquidation

Simplified liquidations, are a newly introduced form of engagement that offers eligible companies a more cost-effective solution to voluntarily appoint a Liquidator.

They operate similar to an ordinary CVL, with reduced reporting obligations that translate to reduced costs.

3. Court Appointments:

Whilst we encourage early intervention, where a company's directors fail to take necessary action, creditors may seek to have a company wound up by court order.

A Liquidator is usually is usually pre-determined and would have consented to act prior to the winding up hearing. if you are a creditor or a representing a creditor on such a matter, our experts are equipped to assist.

4. Voluntary Administration:

While not a direct engagement, a liquidator can be appointed over a Company in Voluntary Administration where creditors either resolve to place the company into Liquidation, or where a DOCA has either not been proposed or has failed.

4. Members' Voluntary Liquidation (MVL):

An MVL offers a strategic process for solvent companies looking to wrap up operations smoothly and in a tax effective manner.

As the name suggests, the primary objective of an MVL is to maximise returns to members, or shareholders of a company.

While MVL appointments are typically straightforward in contrast to other forms of Liquidations, our experienced team has dealt with MVLs ranging in complexity, from single shareholder entities to those with thousands of shareholders.