Home | Business Law | Business Debt Recovery | Debt Recovery: I want to wind-up my limited company. How do I do this and what are the potential personal consequences?

Debt Recovery: I want to wind-up my limited company. How do I do this and what are the potential personal consequences?

January 1st 2021
 

The legal process to wind up a limited company may seem as a straight-forward technical process. However, the consequences should always be reviewed – have you give any personal guarantees; and what are your financial interests in the company?

At the same time, it is an offence to continue to trade a company which is insolvent. Your accountants can best advise if this threshold is met.

For more FAQs see here

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