Closing a limited company is a decision often driven by various circumstances, such as financial challenges, changes in business direction, or retirement. Regardless of the reasons behind the closure, understanding the most cost-effective way to wind up your limited company is essential. In this article, we will explore several strategies and avenues to help you close your company while minimising the cost.

This guide offers key tips for choosing the right Insolvency Practitioner, covering qualifications, tailored advice, accessibility, transparency, and trustworthiness to ensure the best support for your business’s financial recovery

A declaration of insolvency is a formal acknowledgement that a business or individual cannot meet debt obligations, leading to formal insolvency proceedings aimed at resolving financial difficulties.

Learn how to sell company assets during financial distress, ensuring fair value, legal compliance, and proper documentation while maintaining business continuity. Contact Parker Walsh for free, expert advice.

Explore how administration can protect your business, offering rapid relief and strategic options compared to liquidation. Learn more about its benefits and when it’s the right choice.

Cheap liquidation services may seem appealing, but hidden fees can lead to unexpected costs. Parker Walsh offers transparent, comprehensive support from £4,000 + VAT to ensure a smooth and legally compliant process.

This article compares the experiences of directors who’ve worked with other insolvency practitioners and explains how Parker Walsh offers a more tailored and supportive service.

Preferential creditors, such as employees and HMRC, are paid before non-preferential creditors in insolvency, meaning they have a higher chance of recovering their debts.

Liquidation can take 6 to 24 months, depending on the type of liquidation and complexity of the company’s assets. What are the different types of liquidation?