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What the liquidator does

The liquidator is an authorised insolvency practitioner who runs the liquidation process. Once a company appoints a liquidator, they take over control of the business from the directors.


  • realise the company's assets and use any money to pay creditors
  • meet deadlines submitting statutory notifications
  • pay liquidation costs and the final VAT bill
  • keep creditors advised of the progress of the liquidation and involve them in decisions where necessary
  • distribute funds to the creditors in the prescribed order of priority
  • interview the directors and report on what went wrong in the business
  • get the company removed from the Company Register

The liquidator acts in the interests of the creditors not the directors in both a:

Find a liquidator

You can find online an insolvency practitioner who is licensed to act as a liquidator.

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