Close your limited company & clear your debts
We specialise in helping directors compliantly close their company and clear their debts - quick and low cost.
✔ We Specialise In Ltd Debt Clearance
✔ Complete Protection From Creditors
✔ Free Assessment, No Obligation
✔ Liquidation From Just £1,299
Book a Free Consultation
100% Free & Confidential | No Commitment
02.
Speak with a qualified
specialist
One of our liquidation specialists will review your situation and explain the options available to you. No commitment, just free guidance.
How it Works
01.
Tell us about your company
Complete our short form and one of our qualified team will contact you straightaway to discuss your circumstances & options.
03.
Start the liquidation process
If you choose to go ahead, we will quickly and legally liquidate your company, clear your debts and handle all creditors.
Specialists in Debt Clearance
We specialise in quick and compliant business liquidation(CVL) and debt clearance, providing protection and relief from creditors.
Our team manages every creditor, including HMRC, working to minimise your liability and secure the strongest possible outcome for you.
You're in good hands
Trusted
Fast
Director Protection
One of the UK's leading insolvency practitioners; we've guided thousands of businesses through liquidation.
We offer a fast liquidation service, in most cases, we can begin the process within 5-10 days.
We specialise in providing complete protection to business owners. We manage all creditors, taking away any stress.
We offer the lowest cost liquidation service - we will never be beaten on price.
Low Cost
Free Consultation
100% free, no obligation consultation with a qualified practitioner.
Flexible Payments
We offer affordable payment options to make the process manageable.
Lowest Price Guaranteed
To liquidate a UK business and clear its debts, you must appoint a qualified insolvency practitioner(IP).
We offer the lowest cost liquidation service, starting from £1,299. We will never be beaten on price.
Get Your Free Liquidation & Debt Clearance Action Plan
Step 1: Fill out our quick 20-second form.
Step 2: Speak with a dedicated debt expert. 100% free, no obligation advice.
Step 3: Receive your free action plan and a quote, should you wish to proceed.
Free, No Obligation Advice
When you should get advice
You should get advice when:
-
Your company cannot pay HMRC or other creditors
-
You cannot meet your financial obligations
-
You have received a County Court Judgment (CCJ), or winding up petition
-
You are under increasing pressure from creditors
-
You have a bounce back loan you cannot repay
-
You want to clear your debts and start afresh
Take action to avoid personal liability
If your business is in financial difficulty, we strongly advise you to take advice from a qualified practitioner as early as possible. The biggest mistake we see businesses make is continuing to trade and ignore the situation.
We advise you:
-
Don't invest more money into your business
-
Don't take on further debts / accrue additional credit
-
Don't take on new loans or borrowing
-
Don't take dividends
-
Don't continue to trade and ignore the situation
Feeling stressed and overwhelmed?
The thing we hear the most when we first speak to our clients is that they are worried, stressed and often overwhelmed. They want clear advice and a practical route forward, which is exactly what we provide.
Our Promise:
-
No Judgement, Just Advice
-
100% Confidential
-
Free Consultation and Advice
-
No Obligation, No Pressure
-
Qualified Expert Practitioners
Benefits of Closing a Limited Company With Debts
Protect yourself & your staff
Employees may be able to claim redundancy pay and other statutory entitlements from the government.
Ends ongoing liabilities
Leases, contracts, and other obligations are terminated through liquidation.
Lawful and
compliant
The process is handled by a licensed insolvency practitioner, ensuring the company is wound up lawfully.
Stops HMRC pressure
Once the CVL is initiated, HMRC must stop chasing the company, and legal action is halted.
100% Director protection
Mitigating personal liability with expert advice from qualified insolvency practitioners.
Debts are written off
Most unsecured debts are written off once assets are liquidated, giving directors a clean break.
Benefits of Limited Company Liquidation
FAQs: Closing a Limited Company With Debts
Can I close a limited company if it has debts?
Yes. You can close a limited company with debts, but only through a formal insolvency process such as a Creditors’ Voluntary Liquidation (CVL). Debts are written off when the company is liquidated, unless you’ve given personal guarantees.
What happens to the debts when a company is liquidated?
Unsecured debts, including suppliers, HMRC, and Bounce Back Loans are written off. Secured lenders may repossess assets, and any personal guarantees remain your responsibility. Do not worry, we take of all creditors and manage the whole process on your behalf to clear debts and protect director interests.
Can HMRC stop me closing my company?
HMRC can block a strike‑off, but they cannot stop a CVL. If you owe VAT, PAYE, or Corporation Tax, HMRC will usually object to a strike‑off and push for liquidation instead.
Can I start a new company after closing one with debts?
Yes. Directors can legally start a new company after liquidation, provided they haven’t acted fraudulently or been disqualified. You must follow the rules on reusing the old company name.
Can I reuse my old company name after liquidation?
Only in limited circumstances. Under Section 216 of the Insolvency Act 1986, you cannot reuse the same or similar name for 5 years unless you follow strict “phoenix company” rules.
What is the correct way to close an insolvent company?
The proper route is a Creditors’ Voluntary Liquidation (CVL). A licensed insolvency practitioner handles the process, deals with creditors, sells assets, and closes the company legally.
Will I be personally liable for company debts?
Directors are usually protected by limited liability. You may be personally liable only if:
-
You signed a personal guarantee
-
You traded while insolvent
-
You committed fraud or misconduct
-
You have an overdrawn Director’s Loan Account (DLA)
How long does it take to close a limited company with debts?
A CVL typically takes 2–4 weeks to begin and usual 1-2 months to complete. The company stops trading immediately once the process starts.
Will liquidation affect my credit score?
No. Company liquidation does not affect your personal credit score. However, any personal guarantees or unpaid DLA may impact you individually.
Do I need an IP to close a company with debts?
Yes. Insolvent companies must be closed by a licensed insolvency practitioner. Directors cannot liquidate an insolvent company themselves.
How much does it cost to close a limited company with debts
The cost varies depending on the complexity of the situation and the nature of the debts. It typically ranges from £1,500 - £3,999. We offer the lowest cost liquidation and debt clearance service; we'll never be beaten on price. That's our promise.
Our Story
About us
We specialise in delivering fully compliant, stress‑free business liquidation, giving company directors the clean break they need to move forward with confidence.
For over a decade, we’ve supported business owners across the UK with fast, cost‑effective liquidation solutions.
Our reputation is built on transparency, efficiency, and total peace of mind.
Every case is handled by our team of qualified insolvency practitioners (IPs), keeping things as simple and hassle‑free as possible for you.
We understand that facing financial difficulty can be overwhelming. That’s why we’ve designed our service around speed, clarity, and complete director protection, allowing you to draw a line under the past and focus on the future.
Insights: Closing a Limited Company With Debts
Find out more
Find out more about closing a limited company with debts: