Creditors Voluntary Liquidation (CVL)
A formal process for closing an insolvent company—managed professionally, with clear guidance and support at every step.
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- Low Cost Liquidation
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- Stop HMRC & Creditor Pressure
- Pay Monthly if Required
- Experienced Team
We have helped hundreds of company directors over the years
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At Marchford, we support directors through the process of closing an insolvent limited company via a Creditors Voluntary Liquidation.
If your company can no longer meet its financial obligations, a CVL provides a legally compliant way to wind down operations and deal with debts. We guide you through each stage, ensuring that your responsibilities are met and the process is managed with integrity.
Our team handles everything from communicating with creditors to preparing statutory documents—allowing you to move on with clarity and peace of mind.
Why Choose Marchford for a CVL?
We have a long, proven track record of helping directors close insolvent companies in the right way. At Marchford, we’re known for taking a calm, practical approach—and doing what we can to make a difficult situation easier.
Protect Your Position
We act quickly to minimise risk and ensure directors meet their legal duties, helping you avoid personal liability.
Deal with Creditors
We take control of the company and deal with all creditor communication directly and professionally on your behalf.
Fixed Fees
Our fees are fixed and fully transparent from the outset, so you always know where you stand. No hidden costs and no surprises, ever.
Specialist Support
We handle every aspect of the CVL process properly and efficiently, so you can focus on moving forward with confidence.
If you’d like to speak to one of our team about placing your company into Creditors Voluntary Liquidation, you can request a callback for a free, confidential consultation. Or, if you prefer, request a quote online using our one-minute quote form.
How Marchford Can Support You Through a Creditors Voluntary Liquidation
If your company is insolvent, it’s important to act carefully and in line with your legal responsibilities. Continuing to trade, taking on further credit, or favouring certain creditors can make matters worse—and may lead to personal consequences.
By choosing a CVL, you take a responsible step to close the company in a structured, compliant way. We support you through every stage, ensuring the process is handled properly and with minimum disruption.
When Should You Consider a CVL?
There are several signs that a Creditors’ Voluntary Liquidation may be necessary:
Insolvency – The company cannot pay its debts as they fall due and has no realistic chance of recovery.
Mounting Debts – The business is overwhelmed by unpaid invoices, creditor pressure, and financial obligations it cannot meet.
No Viable Future – The company is no longer sustainable, and options such as restructuring or rescue are not suitable.
Legal Action – Creditors are taking steps to recover debts, including threats of winding-up proceedings or court action.
The Role of the Insolvency Practitioner in a CVL
Once a CVL begins, a licensed insolvency practitioner is appointed to manage the liquidation. They take control of the company’s affairs, handle all statutory duties, and ensure compliance with legal requirements.
A key part of their role involves investigating the company’s recent trading history and the conduct of its directors. This includes reviewing decisions made in the lead-up to insolvency.
They may examine:
Wrongful trading
Preferential payments
Transactions at undervalue
Director’s loan accounts
Use of company borrowing (e.g. Bounce Back Loans)
If issues are identified, the practitioner is required to act in the interests of creditors, which may include seeking repayment or pursuing recovery actions.
For free confidential advice, get in touch today.
Get free, confidential advice today.
Enter your details and a client advisor can find you the right solution.
By submitting this form, I give Marchford permission to contact me. More information can be found in our privacy policy here
Director Advice Line: 01752 874856
FAQs: Creditors Voluntary Liquidation (CVL)
Liquidating your limited company can be a stressful time and for most there may be many questions you havewhich we have answered here.
Please do not hesitate to get in touch if you wish to speak to someone.
A CVL is a formal insolvency process used to close a company that can no longer meet its debts. It’s initiated by the directors and overseen by a licensed insolvency practitioner.
A CVL is suitable when your company is insolvent—meaning it can’t pay its debts—and there’s no realistic prospect of turning things around.
Once liquidation begins, trading stops. The company’s assets are sold, funds are distributed to creditors, and the company is ultimately dissolved.
They manage the entire process—taking control of the company, selling assets, communicating with creditors, filing documentation, and reporting on the conduct of directors.
Not unless misconduct is found. If you’ve acted properly and sought advice early, personal liability is rare. The process is designed to help directors close down compliantly.
A typical CVL takes around 6–12 months. Some cases may take longer, depending on asset realisation or the complexity of creditor claims.
All employees are made redundant as part of the process. They may be entitled to claim for wages, notice pay, and redundancy via the Redundancy Payments Service.
Yes, but there are some restrictions if you wish to use a similar name to the liquidated company. We can advise on what’s allowed and what to avoid.
Costs vary depending on the size and complexity of the company. In most cases, fees are paid from company assets. We offer fixed fees with no hidden charges.
No, not for a CVL. Unlike compulsory liquidation, a CVL is initiated voluntarily by the directors, so court involvement isn’t usually required.
Facing Insolvency? We’re Here to Help.
If your company is under pressure and you’re unsure of your options, speak to us today. A Creditors Voluntary Liquidation could be the right way to move forward.
Our team offers confidential, practical advice tailored to your situation. There’s no obligation—just a chance to get clarity and take the next step with confidence.
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