creditors voluntary liquidation
  members voluntary liquidation
  compulsory
liquidation
  company voluntary
arrangements
  administration orders
  administrative receiverships
  law of property act receivers
  directors disqualification
  don't do this
  controlling the liquidator
  section 652
  employees
  the prescribed part
       

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Does your limited company have financial difficulties?

This section of the site compares different forms of insolvency processes. Whichever route you choose, Purnells' aim is to provide you with some advantage.

With Case Studies you can see:

  • how to legitimately set up a phoenix company
  • when a CVA is appropriate
  • how to sometimes avoid a formal liquidation altogether
  • the new "administration" rules from 15th September 2003

Purnells can advise of the most appropriate way forward in relation to your company.

You should note that a major change takes place on 15th September 2003 following the implementation of the Enterprise Act.

This website has been updated to take account of these changes. The new regulations are "more friendly" and provide further options.