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Overview

You can choose to liquidate your limited company (also called winding up a company).

This guide covers company liquidation in Scotland only. Visit GOV.UK for guidance on English and Welsh companies.

Warning

This is a general guide only. You should get advice from a solicitor, your accountant or an insolvency practitioner before taking action to liquidate your company.

After liquidation, your company will stop doing business and employing people. Once the liquidation is complete, Companies House will remove (strike off) your company from the companies register. After this, your company will no longer exist.

The liquidator will realise a company‚Äôs assets and use them to pay off its debts. Any money left goes to shareholders. 

There are 3 kinds of liquidation:

Only compulsory liquidation is a court appointed liquidation process. Your company may be forced into compulsory liquidation if it cannot pay its debts.

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