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A company enters into compulsory liquidation following a Court order for the company to be wound up (a ‘winding-up order’).
This follows a petition to the court by an appropriate person, usually a creditor of the company, who is owed more than £750.
An Official Receiver is appointed liquidator of the Company and may decide to pass the case over to an Insolvency Practitioner, usually where there are assets to realise.
If you are facing a petition for winding-up, or the threat of one, RG Insolvency can advise you on the best course of action. Other options are available to avoid a winding-up order being made.
Call us now on 020 3603 7871 to discuss your options.
