Total Cost to Liquidate a Company in the United Kingdom

When you need to liquidate your company in the UK, this comes at a cost. Generally speaking, you will be looking at around £2500 to £6000 + VAT in total; however, it can be more or less depending on what your current situation is like. The liquidation of a company cannot be done by anyone, it has to be carried out by a licensed insolvency practitioner (otherwise known as an IP), and this is why the price of liquidation can become quite expensive. Total Cost to Liquidate a Company in the United Kingdom is going to be explained in more detail below.

Whenever you have any insolvency procedure going on, there has to be a creditor’s interest. So, what does the liquidator do? There are a lot of different and complex areas of legislation and this is why an IP is needed in order to help with liquidating your company, which comes at a reasonably high cost.

The IP that the company winds up appointing has a few different roles; the first thing that they need to do is assess all of the company’s assets and liabilities. All of the assets are going to be sold at a later stage at market value, the proceeds of which are used to pay off the fees of the IP and make distributions to unsecured creditors of the company in liquidation.

Calculate Cost to Liquidate a Company in the United Kingdom