Liquidations
We handle your Accounting
A liquidation represents the end of life of a company. There are two main types of liquidations, a Members Liquidation and a Creditors Liquidation.
The key difference is that in a Members Liquidation all creditors are paid and the surplus left is distributed to the members (shareholders) to achieve the most tax efficient outcome.
In a creditors liquidation the company is insolvent and unable to pay all its creditors what they are owed. A creditors liquidation can be a traumatic experience if handled badly however once dealt with professionally it is a very efficient and effective way for an insolvent company’s affairs to be concluded on a fair and reasonable basis.
At Lahiff & Company we have over 20 years’ experience of dealing in both Members and Creditors Liquidations.
Please contact us for more information in relation to the option of Liquidation.
