Company status
What does in liquidation mean?
Updated 2026-06
In liquidation means a liquidator has been appointed to wind up the company, deal with its assets and pay creditors in a set order. The company normally stops trading as usual.
Key facts
- A defined legal process now governs the company assets.
- Unsecured creditors are often paid after secured and preferential creditors.
- It is a clear reason to take care before any new commitment.
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