The length of the liquidation process will depend on:
- The structure of the company
- The dealings it entered prior to the liquidation
- Whether any litigation is necessary
Where litigation is not required, the average-sized company liquidation should be finalised between 12-18 months.
WHAT CAN I DO TO ASSIST AS A COMPANY DIRECTOR?
As a company director, you can assist the liquidator by providing the company’s books and records as quickly as possible and respond to any questions raised by the liquidator as promptly as possible.
To learn more about the liquidation process, contact one of our registered liquidation advisers today.