Close your insolvent company the right way
If your limited company can't pay its debts, our licensed insolvency practitioners can close it through a Creditors' Voluntary Liquidation and deal with your creditors for you. The first consultation is free and confidential.
Five quick questions, then your contact details
A free, confidential first consultation with no obligation
Our costs in writing before you commit, with payment options available
Once a liquidator is appointed, creditors deal with them instead of you
Plain-English advice on what closing the company means for you personally
Our insolvency practitioners are licensed by the Insolvency Practitioners Association.
Hear from a director we helped
Joe Graves is a director who closed his company with us. Here he talks about the experience in his own words.
How closing your company with us works
Closing an insolvent company is a formal legal process, but your part in it is fairly straightforward. This is how it works from your side.
Talk to us
Answer five short questions or give us a call. We'll explain where the company stands and which options are open to you, in plain English and free of charge.
Get our proposal in writing
If a Creditors' Voluntary Liquidation is the right route, we'll send you a written proposal with our costs. There's no pressure to decide on the spot.
We handle the liquidation
A licensed insolvency practitioner is appointed as liquidator, deals with your creditors and closes the company at Companies House, keeping you updated as it goes.
Why directors choose Company Resolution UK
We work with directors dealing with business debt and pressure from creditors, including many who have put off making the call. This is what you can expect when you contact us.
Licensed practitioners
The formal work is carried out by Business Guardian's licensed insolvency practitioners.
Plain English
We explain what each option means for you before anything technical.
Costs in writing first
You see our fees in writing before you agree to anything.
Straight advice
If closing the company is the wrong choice, we'll tell you and explain the alternatives.
Confidential, no obligation
What you tell us stays confidential, whether or not you go ahead.
Send us the letter
WhatsApp a photo of any letter or demand and we'll explain what it means.
Worried about what closing the company means for you?
Most directors who contact us have the same few concerns, and the short answers are below. In the free consultation we'll look at how each one applies to your company, including anything that could make you personally liable.
HMRC debt
VAT, PAYE and Corporation Tax owed by the company are normally company debts. Once the company is in liquidation, HMRC deals with the liquidator rather than with you.
Bounce Back Loans
Lenders couldn't take personal guarantees on Bounce Back Loans, so the loan is normally a company debt. How the money was used matters, so tell us about it at the start.
Director liability
In most cases the company's debts stay with the company. Personal guarantees, an overdrawn director's loan account and trading on while insolvent are the usual exceptions.
Starting again
Liquidation doesn't normally stop you being a director of another company unless you are disqualified. There are rules on reusing the old company name, and we'll explain them.
Voluntary or compulsory liquidation: what's the difference?
Both routes end with the company being closed, but they are started by different people and leave directors with very different levels of control.
Creditors' Voluntary Liquidation (CVL)
Started by the directors and shareholders
You decide when to act, before a creditor takes the company to court
You nominate the licensed insolvency practitioner who acts as liquidator
No court hearing is needed
Creditors deal with the liquidator instead of chasing you
Compulsory liquidation
Ordered by the court after a creditor's petition
A creditor, often HMRC, petitions the court to wind the company up
The petition is advertised publicly and the company's bank account can be frozen
Directors lose control of the company when the court makes the order
The Official Receiver takes over and investigates why the company failed
If the company can't pay its debts, dealing with it before a creditor goes to court usually leaves you more say over how it is closed.
Why acting early matters
Letters from HMRC and other creditors that go unanswered tend to lead to enforcement action sooner, and each step can narrow the options open to you.
Carrying on trading while the company is insolvent can expose directors to a claim for wrongful trading. Taking advice as soon as you have concerns helps you show that you acted responsibly.
If a winding up petition has already arrived, call us on 01257 818 104 the same day. Fewer options remain once a petition has been issued, but it isn't necessarily too late.
Company insolvencies in England and Wales, 2025
23,938
companies entered insolvency during the year
18,525
of these were creditors' voluntary liquidations, the director-led route
3,730
were compulsory liquidations, the highest yearly total since 2012
Source: The Insolvency Service, Company Insolvency Statistics December 2025, official statistics published 20 January 2026.
Help for company directors dealing with business debt
Talk to us about your company
A confidential conversation will tell you where you stand and which options are open to you. The first consultation is free.
Our insolvency practitioners are licensed by the Insolvency Practitioners Association.
The work is carried out by
Company Resolution UK is a trading style of Money Managers (UK) Ltd, registered in England and Wales, company number 08367087. Registered office: Coppull Business Centre, Mill Lane, Coppull, Chorley, Lancashire, PR7 5BW. Our insolvency practitioners are licensed by the Insolvency Practitioners Association.
Business Guardian, a team of licensed insolvency practitioners, is a trading style of Money Managers (UK) Ltd.
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