Liquidate your limited company
What happens to directors
When a liquidator is appointed, directors:
- no longer have control of the company or anything it owns
- cannot act for or on behalf of the company
If you바카라 사이트™re a director you must:
- give the liquidator any information about the company they ask for
- hand over the company바카라 사이트™s assets, records and paperwork
- allow the liquidator to interview you, if they ask
You can be banned from being a director for 2 to 15 years or prosecuted if the liquidator decides your conduct was unfit.
Re-using company names
If you were a director of a company in compulsory liquidation or creditors바카라 사이트™ voluntary liquidation, you바카라 사이트™ll be banned for 5 years from forming, managing or promoting any business with the same or similar name to your liquidated company. This includes the company바카라 사이트™s registered name and any trading names (if it had any).
The only exceptions to this are where:
- the business is sold by a licensed insolvency practitioner giving the legally required notice
- you get the court바카라 사이트™s permission to use the name
- you바카라 사이트™re involved with another company that바카라 사이트™s been using the same name as the liquidated company for at least a year
Read the guidance on re-using company names.