Winding up a company refers to be the processes involved in closing a company down.  This may include paying creditors, selling assets or concluding where possible any other business obligation.  It is often followed by a liquidation.

The term winding up a company is usually used to describe the process of closing a company which is unable to pay its debts as they fall due, the process for doing this is a liquidation. The process may either be a Creditors Voluntary Liquidation or a Compulsory Liquidation.

It is also possible to carry out a solvent liquidation if the company is able to meet all is obligations, this is called a Members Voluntary Liquidation.

 

Mary Taylor
Director

Mary began working in insolvency for a national accountancy practice in Glasgow thirty years ago and worked in most divisions of the insolvency department.

She then moved to a smaller firm so she could advance her knowledge on a more hands on basis. She moved back to Leeds in 1987 and commenced working with a small firm of accountants and subsequently made partner.

She left in 1999 to set up her own practice, McCann Taylor.
McCann Taylor became involved with the consumer market both in England and Scotland.

Mary sold McCann Taylor in March 2007 and formed Walsh Taylor to concentrate on helping businesses experiencing financial difficulties.

Walsh Taylor Finding workable solutions for your financial problems
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