On this page you will find the options available to us if we are working on your business worries.

Receivership

A receiver is appointed by a secured creditor to deal with the secured assets. A company can be in receivership and also in liquidation or voluntary administration

Voluntary administration

An administrator is appointed to review and rearrange a business to avoid liquidation.

Liquidation

A liquidator is appointed to investigate and deal with all the business assets. The creditors can apply to the High Court for this to happen (Creditor Liquidation), or the shareholders can pass a special resolution (Voluntary Liquidation). The liquidator must be a licensed Insolvency Practitioner. You will find Our Registration Here.

Voluntary Liquidation

This option should be used for the “end of life” of a business that is no longer operating. Do not think that because your business has been struck off, because you have ceased trading and stopped filing returns, you will not be sued in the future. For a small fee a company can be reinstated to the Companies Office Register and directors sued. Ensure this does not happen by Liquidating the company, then the company can never be reinstated.