A Creditors’ Voluntary Liquidation (CVL) is a formal insolvency process used where a company is insolvent and the directors recognise that it cannot continue to trade. It allows the affairs of the company to be brought to an orderly conclusion under the control of a liquidator, with a view to protecting whatever value remains, dealing with creditor claims properly and ensuring the directors comply with their statutory obligations.

At Corcoran Advisory, we advise directors, shareholders and stakeholders through the CVL process in a clear, practical and professional manner. We understand that reaching this point is rarely straightforward. In many cases, a business represents years of work, personal commitment and livelihood. Our role is to guide clients through the process with clarity, respect and efficiency, while ensuring the liquidation is managed properly from start to finish.

We provide senior-led, hands-on support throughout the process, including reviewing the company’s position, advising on the appropriate next steps, assisting directors with their duties and obligations, preparing for the liquidation process and managing the appointment as liquidator where required. Our focus is on delivering a well-run process that is compliant, commercially grounded and handled with sensitivity.

We can assist with: