Liquidation Enquiry - No Assets To Cover IP Fees

Tempus31

New Member
May 7, 2026
1
1
Hi everyone - I am new here and I have been looking around the forum but can't find what I'm looking for (apology if its been posted before)
My ltd company is no longer viable and decided to liquidate. I have no assets, I'm essentially a one man band / graphic designer but over the past year i've been limping along and unable to pay debts, bounce back loan , credit cards etc. I used to exhibit at shows but times have changed and no longer turn a profit.
I've been quoted £5000 to liquidate, which i dont have, with no assets, how can i instigate a voluntary CVL?
Are there cheaper options out there?
Are the websites promoting £1500 actually legit?
Thanks in advance...
 
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Nathanto

Free Member
  • Mar 18, 2009
    314
    82
    Mid-Wales
    I'm essentially a one man band / graphic designer but over the past year i've been limping along and unable to pay debts

    Others will be along shortly to help with your query but I just wanted to say I do feel for you.

    If there's one sector right now that AI has completely decimated, it would probably be graphic design.

    AI can do a better, faster job than any designer I've ever used and incredibly it's practically for free too - I am blown away every day by the designs that AI comes up and I just don't see how a human graphic designer will ever be able to compete with that...
     
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    Lisa Thomas

    Business Member
    Business Listing
    Apr 20, 2015
    5,452
    1
    1,444
    www.parkerandrews.co.uk
    Hello - Sorry to hear about your predicament. Is there any Directors Loan Account owed by you to the company?

    How many creditors are there and approximately, & how much is the total debt?

    I'm assuming no employees if you are a one man band?

    Any lease to deal with or do you wfh?
     
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