Creditors Voluntary Liquidation (CVL)

If the company is experiencing financial difficulty and there is no prospect of continuing to trade then you should consider using a CVL procedure to wind down its affairs

We can guide you every step of the way through what can be a difficult and stressful period

A very quick, cost effective way of formally closing down a company and complying with your duties as a director

Protect yourself from legal action by taking professional advice and initiating the CVL process

What is a CVL?

A CVL is a formal process for voluntarily winding up a company when it is insolvent (defined by insolvency legislation as when a company cannot pay its debts as and when they fall due or where its liabilities exceed its assets).

When is a CVL appropriate?

This procedure is only appropriate if your company is insolvent. For example if:

  • Its liabilities exceed its assets and/or
  • It cannot pay its debts as when they fall due and
  • There is no prospect of the company continuing to trade

If you are unsure what situation your business is in, don’t worry! Call our confidential expert advisers on 0800 611 8888

What our customers say

I extend my appreciation of your professional efficiency in handling my company business and herewith say thank you.

Maxine R

First of all, I would like to say a BIG Thank You for all of your assistance over the past year. I would not be in the positive state of recovery without Umbrella. Your care and assistance at the application stage last summer, along with the advice throughout the year, has been great. I would not hesitate to tell anyone in my negative situation where to turn to.