Business Insolvency

Creditors Voluntary Liquidation (CVL)

Where a company has more liabilities than assets or cannot pay debts it is usually advisable to liquidate via a CVL. It is a quick way to close a limited company and to stop creditors putting business owners under pressure.

The directors and shareholders place the company into liquidation and the creditors confirm their choice of liquidator. The liquidator deals with the assets and liabilities of the company sharing them out equally between each class of creditor.

A voluntary liquidation has many benefits and allows you to comply with your statutory and fiduciary duties in relation to the company, and it may be that the assets available within your company will pay the costs of the process.

If you want to minimise your business losses and personal risk please call for an informal chat on 0345 260 0101 and ask to speak with either Jeremy Frost or Carisse Hollett or Patrick Wadsted. We cover the whole of the UK and look forward to working with you.

CVL Costs

The popularity of our MVL packages and fixed fee price levels have led us to develop similar service levels for our CVL's.

We understand our client's expect to know precisely how much they will be paying when they contact us for a quote to place their company into liquidation.

Of course the prices will range depending on circumstances, but we have evaluated the market, our competition and most importantly our clients and have developed a Bronze, Silver and Gold service approach to our CVL's. Details are below, but as always it is good to talk to our experienced advisors, and we would encourage you to call our landline 020 8290 9876 for a preliminary chat.

Facing the loss of your business and its continued income stream is traumatic - but we are here to listen, advise and assist. We hope the prices below will reflect our commitment to providing professional and honest advice at an affordable price.

Find out more

Please call for an informal chat on 0345 260 0101 and ask to speak with either Jeremy Frost or Carisse Hollett or Patrick Wadsted. We cover the whole of the UK and look forward to working with you.

Creditors Voluntary Liquidation (CVL)

Pricing

Bronze

Prices start from:

£

2000

*Plus disbursement and VAT (Usually Reclaimable)

Qualifying criteria of no more than 2 directors and 2 shareholders

No ROT, No employees, No assets, No finance agreements, No pensions, No Overdrawn directors loans and up to 10 creditors

Bronze Plus

Prices start from:

£

3000

*Plus disbursement and VAT (Usually Reclaimable)

Qualifying criteria of under £5,000 of assets

Up to 2 employees and up to 10 creditors including HMRC

No finance agreements and No Pensions

Silver

Prices start from:

£

4000

*Plus disbursement and VAT (Usually Reclaimable)

Assets over £5,000

Finance agreements and warranties and pensions accepted

Creditors between 16 and 35

Gold

Prices start from:

£

6000

*Plus disbursement and VAT (Usually Reclaimable)

Fixed Assets including property and lease

Large creditor claims and complex creditor claims

Pending litigation

Bespoke advice

Shareholder and Director disputes

Contact an expert for professional help and advice

Our team member below will be able to help with all your questions

Jeremy Frost

CEDR Accredited Mediator & Licensed Insolvency Practitioner

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