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Liquidation

liquidation of CCA Glasgow

Why the Centre for Contemporary Arts in Glasgow Entered Liquidation

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The Centre for Contemporary Arts (CCA) in Glasgow has long been regarded as one of Scotland’s most important cultural venues, providing a platform for visual art, film, performance, music, and community-led projects. Its entry into liquidation marked a significant moment for the UK arts sector, raising difficult questions about funding models, cost pressures, and the […]

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Buy Back during Liquidation

Can I Buy Back Assets During or After a Liquidation?

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When a company enters liquidation, directors often worry that everything the business owns will be lost forever. This can be particularly difficult where assets still have value or are essential to a future venture, such as equipment, vehicles, stock, intellectual property, or even the company name. A common and perfectly reasonable question is whether it

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Process of Liquidating a Partnership Business

What Is the Process of Liquidating a Partnership Business?

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When a partnership business comes to an end, the process can be more complex and personal than closing a limited company. Partnerships are built on shared ownership and shared responsibility, which means that when things go wrong, the consequences often extend beyond the business itself and into the personal finances of the partners. Liquidating a

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Director Conduct Report in Liquidation

What Is a Director Conduct Report During Liquidation?

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When a company enters liquidation in the UK, one of the most important parts of the process happens behind the scenes: the preparation and submission of the director conduct report. This report plays a crucial role in ensuring transparency, accountability and proper oversight during a liquidation. Yet for many directors, the term can feel worrying

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Lease Obligations After Liquidation

What Happens to Contracts & Lease Obligations After Liquidation?

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When a company goes into liquidation, directors are often left wondering what happens to the contracts and lease obligations they’ve signed while trading. Whether it’s a commercial lease, supplier agreement, or equipment finance deal, these commitments can feel like a weight hanging over you. Understanding how these are handled is an important part of the

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Trading While Insolvent

Trading While Insolvent: Legal Risks UK Directors Must Understand

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Running a business is never easy. Markets change, costs rise, and sometimes cash simply runs out faster than it comes in. For many company directors, it can be difficult to know whether a financial problem is temporary or whether the business is sliding into insolvency. What is certain, however, is that the moment a company

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tax policy

Tax Policy Drives Entrepreneurial Liquidations

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If you’ve been following UK business news over the last year, you’ll know there’s been a remarkable rise in voluntary liquidations, the highest we’ve seen since the pandemic. While insolvency statistics often climb during periods of economic stress, this latest spike isn’t purely down to businesses struggling. This time, tax policy is a big part

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Business Continuity Plan

The Key Elements of a Business Continuity Plan in the UK

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If COVID, floods, cyberattacks, supplier meltdowns or the good old British weather have taught us anything, it’s this: things go pear-shaped. And when challenges do arise, it’s often the businesses without a clear plan that struggle the most. That’s where a Business Continuity Plan (BCP) becomes essential. It’s not just a box-ticking exercise—it’s your practical

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Dissolving Your Limited Company

Step-by-Step Guide to Dissolving Your Limited Company in the UK

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Thinking of dissolving your limited company? Maybe the business isn’t quite cutting the mustard anymore, or you’re just ready to call it a day. Whatever your reason, you’ll need to go through the proper steps to shut up shop officially. At Simple Liquidation, we’ve helped hundreds of directors navigate this minefield, from solvent closures to

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