When a company becomes insolvent, employees may claim redundancy, unpaid wages, holiday pay, and notice pay from the Redundancy Payments Service, providing vital financial support during an otherwise uncertain and distressing time.

Directors facing distress must choose wisely between CVAs, administration or informal standstills. This guide explains when each option works best, costs involved, risks, and how early advice improves rescue outcomes.

Directors facing insolvent liquidation may face personal risk, but early action, accurate records, and guidance from a licensed insolvency practitioner can significantly reduce exposure and protect their future.

A Members’ Voluntary Liquidation offers a structured, tax-efficient way to close a solvent company, with professional guidance ensuring compliance, clarity, and peace of mind for directors throughout the process.

Liquidation is a structured legal process that addresses company debts, director responsibilities, and investigations, while providing professional, transparent support to help directors manage closure and move forward with confidence.

Cooperating fully in a liquidation is vital. Transparency prevents delays, investigations and personal risk. Hiding information only worsens matters, while honesty helps insolvency practitioners achieve the best outcome for everyone involved.

This article explains HMRC debt escalation, enforcement risks, and when directors should consider a Company Voluntary Arrangement (CVA) or Creditors’ Voluntary Liquidation (CVL), featuring expert insights from insolvency practitioner Molly Monks.

A clear overview of how a Members’ Voluntary Liquidation works in 2026, outlining tax benefits, legal requirements, director considerations and the vital role an Insolvency Practitioner plays in a compliant, efficient company closure.