URGENT ADVICE FOR LIMITED COMPANY DIRECTORS
Facing a Winding-Up Petition?
If a winding-up petition has been presented, or you've been threatened with one, we can explain what it means for the company and for you, and whether voluntary liquidation should now be considered.
You don't need to make any decisions on the first call.
Prefer to talk? Call 0800 074 6757
Christopher Andersen, Licensed Insolvency Practitioner, IP No. 16070
Tell Us What's Happening
Tell us the closest description of your company's situation and how to reach you.
Call before 5pm and we will call you back the same day.
Free, confidential and no obligation. We'll use your details only to contact you about this enquiry. See our Privacy Policy.
Specialist advice for UK limited companies.
Understand your position before deciding what to do.
Understand what company insolvency could mean for you personally.
Making an enquiry does not put your company into liquidation.
Reviews
Trusted by Directors Who've Been Here Before
Company insolvency is stressful enough without unclear advice. Our job is to explain your position plainly and help you understand what happens next.
"After deciding to liquidate my company, I need expert advice... Their team guided me through the process from start to finish, providing me with all the knowledge and support I needed..."
Angela · 14 May 2026 · Reviews.io"I highly recommend Company Debt, I needed help with HMRC circumstances, they really took on board my struggles and guided me through everything, always kept me in the loop..."
Dan · 2 April 2026 · Reviews.io"After a very stressful period during our business financial crisis... the team at Company Debt was our salvation. They helped us every step of the way to resolve our financial difficulties..."
Marcus · 19 February 2026 · Reviews.ioTalking to Us Doesn't Commit You to Liquidation
The first call is just that, a conversation.
We'll ask what has happened, help you understand whether the company is insolvent and explain whether voluntary liquidation looks appropriate.
You don't have to decide anything on the call.
"Most of the directors I speak to have been putting off the call for months. Almost all of them say afterwards that they wish they had made it sooner."
Your first call takes a few details. The advice itself comes from a licensed insolvency practitioner, not a call centre.
Request a Confidential CallThe Process
What Happens When You Contact Us?
Tell Us What's Going On
You don't need to know which insolvency procedure you need. Explain the debts, creditor pressure and what has happened so far.
We'll Explain Where You Stand
We'll explain whether CVL appears appropriate and what it could mean for the company and for you. That conversation is with a licensed insolvency practitioner, not a call centre.
You Decide What to Do
Taking advice does not commit you to liquidation. We won't start anything unless you decide to proceed.
Director Consequences
Will I Be Personally Liable for Company Debts?
Usually, company debts remain the responsibility of the limited company rather than the director personally.
There are some important exceptions. For example, we may need to look at:
Personal Guarantees
Borrowing you have personally guaranteed.
Director's Loan Accounts
Money you owe to the company.
Certain Transactions Before Liquidation
Some transactions may need to be reviewed as part of the insolvency process.
If you're worried about something you've done as a director, tell us. The purpose of the first conversation is to understand the position, not to judge you.
Request a Confidential CallCreditors' Voluntary Liquidation
What Is a CVL?
A Creditors' Voluntary Liquidation (CVL) is a way of formally closing a company that can no longer pay its debts.
A licensed insolvency practitioner deals with the company's assets, creditors and closure.
What This Usually Means for You
Before they call, most directors want the same few questions answered. In a CVL the company's debts are dealt with by the liquidator. They do not automatically become yours personally, because a limited company is a separate legal entity.
The main exceptions are a personal guarantee you have given, an overdrawn director's loan account, and certain transactions made shortly before liquidation. We go through all three with you on the call.
The initial consultation is free. For a straightforward case the total cost, including the practitioner fee, disbursements and VAT, usually comes to roughly £4,800 to £6,000. Afterwards, being the director of a company that has been liquidated does not by itself stop you running or joining another one.
These are exactly the issues we can discuss during the initial consultation.
Request a Confidential CallWho You'll Speak To
Speak to People Who Deal With Company Insolvency Every Day
CompanyDebt is operated by insolvency professionals specialising in limited companies and their directors.
Christopher Andersen
Licensed Insolvency Practitioner
Christopher is a licensed insolvency practitioner with experience advising directors of financially distressed and insolvent companies.
Nicola Meadows
Licensed Insolvency Practitioner
Nicola is a licensed insolvency practitioner with experience advising directors of financially distressed and insolvent companies.
Fees
How Much Does a CVL Cost?
Disbursements are necessary third-party costs, such as the bond, Gazette notices, the Companies House filing and statutory mailings. The exact cost depends on the circumstances of the company. We'll explain the expected total cost clearly before you decide whether to proceed.
Winding-Up Petition
A Winding-Up Petition Changes the Situation
A winding-up petition is serious. If the court ultimately makes a winding-up order, the company can be placed into compulsory liquidation.
If a petition has already been presented, you should understand the company's position and the remaining options as soon as possible.
Depending on the circumstances, directors may need to consider whether taking control through a voluntary liquidation process is appropriate rather than waiting for events to be dictated by a creditor.
Request a Confidential CallFrequently Asked Questions
Questions Directors Often Ask
Find Out Where You Stand
You don't need to work this out on your own.
Tell us what is happening with the company. We'll explain whether voluntary liquidation looks appropriate, what would happen next and anything you need to know about your own position.
You don't have to make a decision on the first call.
Call before 5pm and we will call you back the same day.
Taking advice does not commit you to liquidation.