How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask UKSolicitorJA Your Own Question
UKSolicitorJA
UKSolicitorJA, Solicitor
Category: Law
Satisfied Customers: 4312
Experience:  English solicitor with over 12 years experience
62162956
Type Your Law Question Here...
UKSolicitorJA is online now

I am 100% shareholder can I liquidate the company with immediate

Resolved Question:

I am 100% shareholder can I liquidate the company with immediate effect as I feel the director is running the company poorly and running at a loss
Submitted: 3 years ago.
Category: Law
Expert:  UKSolicitorJA replied 3 years ago.
Hello,

Yes, you may liquidate your company if it is able to,pay off its debts.

See here for the process of doing so

https://www.gov.uk/liquidate-your-company/members-voluntary-liquidation

Hope this helps
Customer: replied 3 years ago.
What if it can't pay off its debts and is knowingly running waiting for someone to bankrupt them.the company is in a cva at the moment. Can I tell the cva administrator to liquidate the company as it can't maintain the cva payment monthly
Expert:  UKSolicitorJA replied 3 years ago.
You may ask the creditors to wind the company up but you can't do a members voluntary liquidation as the company is not solvent.

UKSolicitorJA and other Law Specialists are ready to help you