Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Compulsory liquidation definition

What does Compulsory liquidation mean? Compulsory liquidation is the commonly used term for court-ordered winding up of a company, usually after a creditor or other eligible petitioner files a winding-up petition because the company cannot pay its debts, or on other statutory grounds (such as just and equitable). When the winding-up order is made, control passes from the directors to the Official Receiver, with an insolvency practitioner often appointed as liquidator thereafter. Trading typically ceases, employees are usually dismissed, and assets are realised and distributed under the statutory priority regime; most claims and enforcement are stayed. In England & Wales and Scotland it is governed...

Compulsory liquidation of Limited Liability Partnerships: petitions, court process, liquidator powers, antecedent transactions and members’ liabilities (England and Wales)

Published by a LexisNexis Restructuring & Insolvency expert

Practice notes

This Practice Note sets out the process for placing a Limited Liability Partnership (LLP) into compulsory winding up, outlines the liquidator’s authority, and details the members’ duties. It does not cover Limited Partnerships; for those, refer to Practice Note: Limited partnerships and Insolvency—key principles.

Applicable legislation

LLPs were created by the Limited Liability Partnerships Act 2000 (LLPA 2000), which should be considered alongside the Limited Liability Partnership Regulations 2001 (LLPR 2001), SI 2001/1090. Through LLPR 2001, SI 2001/1090, the Insolvency Act 1986 (IA 1986) and the Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024, are applied to LLPs. The IA 1986 has effect only for LLPs registered in Great Britain...

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Andy Taylor

Isadore Goldman Limited

A solicitor and licensed Insolvency Practitioner with over 25 years' experience in all aspects of corporate and personal insolvency and an acknowledged leader in his field, Andy was recruited as a partner by Burstows in 1989 to build an insolvency practice and became a partner in asblaw upon merger in 1999. Andy joined Isadore Goldman as a director in November 2014. Andy's main focus is on advising all types of business in financial difficulty. He has a wealth of experience in advising directors, partners, and trustees, helping to protect them from personal liability. In addition to holding an Insolvency Practitioners licence since 1987, Andy is a Fellow of the Association of Business Recovery Professionals, and a member of the Insolvency Law Association. ...

Emma Knight

Three Stone

Emma was called to the Bar in 2008 and is a member of Three Stone. Emma’s practice encompasses commercial and chancery work with a particular emphasis on insolvency law. Emma regularly appears in the High Court and has experience of advising at every stage of litigation and drafting both contentious and non-contentious documents. Emma is one of the editors of the most recent edition of 'Schaw Miller and Bailey: Personal Insolvency: Law and Practice (ed). (LexisNexis Butterworths) London, 6th edition, 2022' and has contributed to Lexis PSL Restructuring and Insolvency and Lexis PSL Legal News Analysis....

Simon Hunter

Three Stone

Simon was called to the Bar in 2009 and practices in chancery and commercial law from Three Stone. His practice has a particular emphasis on insolvency and property, but takes in the full range of chancery and commercial work done in his chambers. ...

Web page updated on 21/05/2026

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