Liquidation is the process of closing a company or limited liability partnership (LLP). At the end of the process, the company ceases to exist.
The purpose of liquidation is to ensure that all the company's affairs have been dealt with and all its assets realised. When this has been done, the liquidator will apply to have the company removed from the Companies House register.
This guide provides an introduction to company liquidation. You can also find information about the different types of liquidation, alternatives to liquidation, winding-up petitions and the disqualification of company directors.