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George Dale Liquidation Scotland

23 Melville Street

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1 West Regent Street
G2 1RW

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Immediate Assistance

Our dedicated team is on hand to provide assistance to Directors of companies in financial difficulties.  When a company is insolvent, a Director has a duty to minimise losses to stakeholders.  Our senior management are available to talk to you about the problems you and your company face with complete confidentiality.

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A Guide to Liquidation

A company enters into liquidation by either action taken by the directors and shareholders, which is known as a Voluntary Liquidation, or through a court process where a Winding Up Order is made, which is known as a Compulsory Liquidation. There are two types of Voluntary Liquidation processes:

  1. A Creditors’ Voluntary Liquidation (CVL) which is where the company is insolvent and cannot pay its debts. A CVL is a director led process whereby the shareholders place a company into Liquidation to facilitate an orderly wind up of the company’s affairs. The decision to initiate a CVL process is usually when the company has run out of cash, it is unable to pay its debts, or the directors believe that the business is no longer viable.
  2. A Members Voluntary Liquidation (MVL) is where the company is solvent and a distribution can be made to shareholders.  There are other circumstances where an MVL may be appropriate even if there is no distribution to shareholders.  To find our more information on MVL’s, click here.

The CVL Process

If you would like to understand more about the process, click on the button below.

What is the process
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