What Is the Role of an Insolvency Practitioner in a CVL?
An Insolvency Practitioner (IP) plays a key role in a Creditors’ Voluntary Liquidation (CVL), acting as the appointed liquidator responsible for managing the entire process. Once engaged, the IP takes control of the company, assesses its financial position, and ensures all actions are carried out in the best interests of creditors.
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Can Directors Start a New Business After Liquidation?
Yes, in many cases directors can start a new business after their company has gone into liquidation. Liquidation closes the company itself, but it does not automatically stop a director from being involved in another business. However, there are important rules to consider. During liquidation, the appointed liquidator reviews the conduct of the company’s directors.
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When a limited company in the UK is no longer viable, directors must decide how to close the business in a compliant and responsible way. Two options that are often considered are Creditors’ Voluntary Liquidation (CVL) and company dissolution. While both methods lead to the closure of a company, they serve very different purposes and are used in different financial circumstances.
Step-by-Step Guide to the Creditors’ Voluntary Liquidation Process
When a limited company in the UK can no longer pay its debts, directors must consider their legal responsibilities and the options available to them. One common route for insolvent companies is Creditors’ Voluntary Liquidation (CVL). This formal insolvency procedure allows directors to close a company in an orderly and compliant manner while ensuring that creditors are treated fairly.
Can Employees Claim Redundancy If Their Company Goes Bust?
When a company becomes insolvent and enters liquidation, employees often face uncertainty about their jobs, wages, and financial security. One of the most common questions is whether employees can claim redundancy pay if their employer goes bust. In the UK, employees may still be entitled to certain payments even if the company cannot afford to pay them directly.
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Why More UK Businesses Are Entering Liquidation in 2026
In recent years, the UK business environment has become increasingly challenging. As 2026 progresses, a noticeable rise in company liquidations is being reported across multiple sectors.
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Can I Buy Back Assets During or After a Liquidation?
When a company enters liquidation in the UK, its assets are sold by the appointed liquidator to repay creditors. Directors or connected parties can buy back assets, but strict rules apply to ensure the sale is fair and at market value. The liquidator must act in the best interests of creditors and obtain the best possible price.
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What Is a Director Conduct Report During Liquidation?
When a company enters liquidation in the UK, one of the most important parts of the process happens behind the scenes: the preparation and submission of the director conduct report. This report plays a crucial role in ensuring transparency, accountability and proper oversight during a liquidation.
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Why UK Furniture Brand Slzzp Entered Administration
The entry of UK furniture brand Slzzp into administration highlights the continued financial strain facing retailers operating in a challenging and evolving market. While furniture retail has historically been sensitive to economic cycles, recent years have introduced a combination of pressures that have proven particularly difficult for newer and growth-focused brands to manage.
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When a business enters liquidation, one of the most pressing and sensitive issues is what happens to employees. For many directors, concerns around staff redundancy, unpaid wages, and legal obligations can be a major source of stress, particularly when cash flow has already dried up. Employees, on the other hand, often face uncertainty about whether they will be paid what they are owed.
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