Creditors Voluntary Liquidation - CVL
Benefits of Frost Managing Your CVL
Fixed Fee Pricing - honest and transparent advice at an affordable price
Pricing
- All assets are sold and the proceeds are distributed among outstanding creditors
- Any company debts remaining are written off unless they have been secured with a personal guarantee
- Any personal guarantee will crystalise at the point of liquidation, with the responsibility for repayment falling to the individual who provided the personal guarantee (usually the company director)
- The company is then dissolved and ceases to be a legal entity
- The insolvency practitioner then speaks with creditors, identifies assets, ensures the company is closed down properly and that the name of the business is removed from the Companies House register.
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What Happens During a CVL?
Contact an expert for professional help and advice
Our team member below will be able to help with all your questions
Jeremy Frost
CEDR Accredited Mediator & Licensed Insolvency Practitioner
- Redundancy Pay - Opportunity for directors & employees to claim redundancy pay and unpaid wages
- Lower Risk - Take a positive step & lower risk of wrongful trading allegations
- Buy Back Assets - There is potential for directors to buy back assets
- Gain Control - Directors of the business benefit from greater control, rather than being subjected to a compulsory process, i.e., they get to tell their story first.
- Reduce Pressure - Pressure from creditors is instantly removed
Advantages of a CVL
Free Advice - Free and impartial advice with no obligation
Fully Licensed - Regulated by the Insolvency Practitioners Association and the Financial Conduct Authority
Reduce Pressure - Quickly remove creditor pressure and stop further legal action
Over Two Decades of Experience
Over £400 Million of Capital Distributions
FCA Regulated
"Andy and I would like to thank you very much for your time and more importantly your advice yesterday. We felt that out of the 3 people we had seen / spoken to, you were the most honest, down to earth and very straight at giving good advice. We will not hesitate to recommend you to others!"
- Andy & Helen, CVL Service
"Fantastic liquidators that helped every step of the process to ensure the company was liquidated in a timely fashion. I can't thank them enough for the service provided and at a very reasonable price. Highly recommend to anyone looking for a liqudator.
- Mark Courtney, Client
"I've worked on a number of cases with the Frost Group and been impressed by the down to earth common-sense approach taken to resolve matters. This approach, allied to a high level of professional service, means I recommend them for clients and contacts who need guidance through the choppy waters of insolvency, liquidation & administration."
- Andrew McKenzie-Smart, Smart Accounting & Tax Solutions LLP
"We have met Jeremy on many occasions over the years and he is a respected colleague who we would recommend without hesitation. He is one of those rare individuals who think of others before himself and listens to what they need and finds ways in which he can help them. This is what makes him stand out from his competitors and gives him and his colleagues that all-important USP and ongoing referrals."
-Chris & Susan Beesley, Client
Testimonials
Bronze CVL
Maximum 2 directors and 2 shareholders
No right of retention issues
No employees
No assets
No finance agreements
No pensions
Fixed Fee £3,000
Plus disbursements & VAT
No overdrawn directors loans
No Bounce Back Loans
Up to 10 creditors
Silver CVL
Assets over £5,000
Yes to finance agreements
Yes to warrentees
Yes to pensions
Yes to employees
Fixed Fee £5,000
Plus disbursements & VAT
Yes to creditors
No Bounce Back Loans
Gold CVL
Fixed assets inc. property and lease
Large creditor claims
Complex creditor claims
Shareholder and director disputes
Fixed Fee £8,500
Plus disbursements & VAT
Pending litigation
Bespoke advice
Redundancy Pay - Opportunity for directors to claim redundancy pay
