Does placing my company into liquidation mean I can no longer be a director?

Liquidating your company does not prevent you from being a director of a limited company. You are allowed to be a director of as many companies as you like, there is no limit, except as follows:

If you are bankrupt, you cannot be a director of a limited company whilst you are bankrupt, or bankruptcy restrictions are in place.
If you have been disqualified from acting as a Director.
You cannot be a director of a company with the same or similar name within 5 years of liquidating. However, there are exceptions to this rule, which we can advise you on. Most directors who choose to start the same or similar business again (known as a Phoenix) often chose to use a new name.

Speak to an expert today on: 0800 254 5055

Want to talk?

Don’t delay getting the straightforward, confidential advice you need. Simply complete the form and a member of our team will get back to you within 24 hours.

Or call us on: 0800 254 5055

"*" indicates required fields

Your Name*

Your Email*

Phone Number*

Subject

Your Message

Name

This field is for validation purposes and should be left unchanged.