Liquidator

The liquidator's role

A liquidator is an external, registered insolvency practitioner appointed to take control of a company in liquidation. Their job is to gather and sell the company's assets, examine how the company was run, deal with creditor claims, and pay out any available funds in the order set by law. The liquidator acts independently of the directors and owes duties to the body of creditors as a whole.

Investigations and reports

Liquidators commonly investigate transactions made before their appointment, looking for matters such as unfair preferences or possible insolvent trading, and may report concerns to regulators. They also communicate with creditors about the progress of the winding up. This is general information only and not legal advice. The wider process is described at liquidation.