Creditors’ Voluntary Liquidation
An orderly way to close a company that can no longer trade.
When a business is no longer viable, a Creditors’ Voluntary Liquidation (CVL) allows directors to take control of the closure process and meet their legal obligations. Moorfields supports directors through every stage of the CVL, ensuring compliance, protecting creditors’ interests and bringing clarity to a difficult situation.
Closing Down with Confidence and Compliance
A CVL is used when a company is insolvent and cannot pay its debts. Rather than waiting for creditors to force the issue, directors can voluntarily appoint a licensed insolvency practitioner to act as liquidator. Moorfields manages the process in full — preparing the necessary paperwork, communicating with creditors, realising assets and ensuring all duties are met. We help directors understand their responsibilities and avoid unnecessary risks while giving stakeholders a clear and fair outcome.
Considering a CVL?
We’ll guide you through the process with clarity and professionalism.
Protecting Directors and Providing Closure
Closing a company is never easy, but a voluntary liquidation can provide control, compliance and finality. Moorfields makes the process clear, efficient and fully compliant. We help directors take the right steps and avoid personal liability, while managing creditor interests fairly and professionally throughout.
Insolvency & Recovery Team
Andy Pear
Mike Solomons
Arron Kendall
Milan Vuceljic
Mark Delaney
Richard Keley
Julie Thatcher
Emma Wilkinson
Steve Sartin
Matthew Donohoe
Speak to one of our Specialists' Today
If your business can’t continue trading, speak to one of our licensed insolvency practitioners today for practical advice on next steps and formal closure options.
