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How quickly can you do it?

How quickly can you do it?


Two weeks


The company is first placed into liquidation by its shareholders.

A creditors meeting is then held ratifying the directors choice of liquidator/s or nominating and potentially appointing their own choice of liquidator/s.

Usually the creditors meeting is held straight after the shareholder’s meeting.

The shareholders are due a minimum of 14 days notice of the meeting unless they consent to short notice. 

The creditors are entitled to 7 days’ notice of the meeting.

In order to send the notices calling the meeting to creditors and shareholders the Directors will need to give all the contact information to the IP.

So the more proactive the directors the quicker the IP can send the notices out.

The IP will also need time in-between receiving instruction to act, to holding the meetings in order to help produce statutory information to be presented at the creditors meeting by the directors.



David Kirk ACA FABRP

David Kirk

David Kirk is a Chartered Accountant and Licensed Insolvency Practitioner.
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“At the initial meeting you told us the good and bad things that can happen and were honest and told us to watch out for. No one else had done that.”
J White
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"It was a very difficult decision to make to go into Administration but now I am so glad we did it. David and his team were great thank you."
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"We were cornered and thought it was the end of the business after 20 years but he got us out of it."
Lynne Firman of Just Beds Ltd
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"David Kirk helped us with an Administration to rescue the business. He did exactly what he said he would do. It has worked out very well."
Chris Pratt of Elecsis Ltd
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“You made a very difficult time much easier for us.”
R Johns