Simple Liquidation

When a company is struggling with mounting debts and can no longer meet its financial obligations, directors often ask whether it is possible to close the business in a proper and compliant way. In the UK, the answer is yes. One of the most common and appropriate routes for closing an insolvent company is through a Creditors’ Voluntary Liquidation (CVL). Yes, a CVL allows directors to close a company even when there are outstanding debts. In fact, it is often the recommended option when liabili