Compulsory Liquidation in Surrey

At Fast Insolvency, we offer professional support to directors whose companies are facing or undergoing compulsory liquidation in Surrey.

This court-led process is triggered when a creditor petitions to wind up a company over unpaid debts.

Contact us now for free, confidential advice if your business has received a winding-up petition or is at risk of compulsory liquidation in Surrey.

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What Is Compulsory Liquidation in Surrey?

Compulsory liquidation in Surrey is a legal process where the court orders a company to be closed and its assets sold to pay creditors.

This process begins with a winding-up petition filed by a creditor, often due to unpaid debts exceeding £750 in Surrey.

Who Can Apply to Wind Up a Company in Surrey?

Any creditor, shareholder, or director can apply, but most petitions come from creditors such as HMRC in Surrey.

The court in Surrey must be satisfied that the company is insolvent and unable to pay its debts.

What Triggers Compulsory Liquidation in Surrey?

The most common trigger is non-payment of debt following a statutory demand, court judgment, or ongoing default in Surrey.

Once a creditor files a petition, the court sets a hearing date to determine whether to grant a winding-up order in Surrey.

What Happens After a Winding-Up Order Is Made in Surrey?

Control of the company passes immediately to the Official Receiver in Surrey, who investigates director conduct, closes the business, and arranges the sale of assets.

The company in Surrey ceases trading and is eventually struck off the Companies House register.

Can I Stop Compulsory Liquidation Once It Starts in Surrey?

Yes, but only before the court grants the winding-up order in Surrey.

You can pay the debt in full, dispute the petition, or seek a Company Voluntary Arrangement (CVA) or administration to avoid liquidation in Surrey.

What Are the Consequences for Directors in Surrey?

Once liquidation begins in Surrey, directors lose control of the company and must cooperate fully with the Official Receiver.

They may also face investigation in Surrey, and if misconduct is found, they could be disqualified or held personally liable.

What Happens to Employees in Compulsory Liquidation in Surrey?

All employees are automatically made redundant in Surrey, but they may be eligible to claim unpaid wages, redundancy pay, and holiday pay from the government’s Redundancy Payments Service.

Will I Be Personally Liable for Company Debts in Surrey?

Directors are not personally liable for most company debts unless they’ve signed personal guarantees or engaged in wrongful trading in Surrey.

If the court finds misconduct, personal liability could follow in Surrey.

How Long Does Compulsory Liquidation Take in Surrey?

The process can take 12 to 24 months in Surrey, depending on the complexity of the company and how quickly assets are realised and creditors repaid.

Will the Company’s Assets Be Sold in Surrey?

The Official Receiver or liquidator in Surrey will sell company assets, such as stock, equipment, and property, to repay secured and unsecured creditors.

What Is the Role of the Official Receiver in Surrey?

The Official Receiver is appointed by the court to manage the liquidation in Surrey.

They investigate the company’s affairs, sell assets, deal with creditor claims, and assess director conduct during the lead-up to insolvency in Surrey.

Can I Trade After Liquidation Starts in Surrey?

Once the winding-up order is made in Surrey, the company must cease trading immediately.

Continuing to trade could result in personal liability for debts incurred after liquidation begins in Surrey.

How Does Compulsory Liquidation Differ from Voluntary Liquidation in Surrey?

Compulsory liquidation is court-enforced and usually creditor-led, while voluntary liquidation is initiated by directors and shareholders in Surrey.

In voluntary cases in Surrey, directors have more control and can appoint their own licensed insolvency practitioner.

Is the Liquidation Process Public in Surrey?

Winding-up petitions and liquidation orders are published in the London Gazette and recorded at Companies House in Surrey, making them accessible to the public.

Why Choose Fast Insolvency in Surrey?

We provide immediate, expert advice in Surrey for companies facing compulsory liquidation.

Our licensed professionals in Surrey act quickly to assess your situation, stop legal action where possible, and help protect you as a director in Surrey.

Get Free Compulsory Liquidation Advice Today in Surrey

If your company has received a winding-up petition in Surrey or you’re worried about compulsory liquidation, time is critical.

Contact Fast Insolvency now in Surrey for free, same-day advice and take control before the court acts.

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