A Creditors’ Voluntary Liquidation (CVL) is the liquidation of an insolvent company initiated voluntarily by the directors and shareholders.
The procedure allows directors to decide to formally close the insolvent company if recovery or rescue is not feasible, without the decision being forced upon by the Court.
As the company is not able to settle all of its debts, the creditors of the company must approve the choice of liquidator, who will then make distributions to creditors.
Our network of recovery and insolvency specialists can provide expert advice on this procedure, working directly with you so you’re aware of your obligations and how to move forward with the process in the best way.
Get in touch with our team to find out more.
Get a call back
If you need to speak to us about a general query fill in the form below and we will call you back within the same working day.
News and Insights
Cryptocurrencies are building themselves a niche within the accounting world. A growing number of traders now seek the help of accountants for crypto tax calculations and record-keeping. But the quest…
As reported by the Financial Times, hospitality firms and organisations in the UK have again urged the Government to permanently lower value-added tax (VAT) and business rates. It comes in the wake …
Recommend to anyone in business for great down to earth advice at a sensible price.
Once the basic setup was sorted I was allocated Emma, who was available then to guide me should I have any queries! Thorough training on Quickbooks and always available (within office hours) to sort my mess up or any queries no matter how mad they seemed! Always willing to help and no task to small! Thoroughly recommend Emma to anyone looking to use TS Partners as their accountants!
5 months in and still running smoothly! With no grey hairs in sight! (YET!)
Thanks to Emma, Matt and the team at Tax Shop, Wellington