If a company is insolvent and has no realistic chance of returning to solvency, it will, more often than not, lead to liquidation.  For these purposes insolvency means either

• its liabilities exceed its assets or
• it cannot pay its debts as they fall due

Crawfords Insolvency has been helping small and medium size companies through the voluntary liquidation process for 50 years and there is little which we have not seen. The process is complex and requires absolute compliance with the letter of the increasingly bureaucratic requirements of the law. Our team of insolvency practitioners will help you through every step of the way.

There are many ways of mitigating the impact of liquidation and Crawfords Insolvency will help you with all of this either directly or in combination with your company accountants.

Liquidation should be seen as a useful and entirely lawful device, though directors should be aware that one of a Liquidator’s duties is the investigation of director’s conduct into the failure of the Company.