Clarke Bell

What is an Insolvency Practitioner?

An Insolvency Practitioner is a licensed professional authorised to manage company liquidations and formal insolvency procedures in the UK. They are legally appointed to oversee processes, such as Creditors’ Voluntary Liquidations, Members’ Voluntary Liquidations, administration and more. At Clarke Bell, all cases are managed by experienced, fully licensed Insolvency Practitioners who are regulated by the ICAEW and are members of the IPA.

How much does an Insolvency Practitioner cost?

The cost of an Insolvency Practitioner depends on the type of liquidation. At Clarke Bell, a CVL starts from £1,995 (plus VAT), and an MVL starts from £1,245 (plus VAT and disbursements). We provide a comprehensive cost breakdown upfront, with no hidden fees, and offer a free consultation to help you understand the process and pricing before making a commitment.

What is the difference between a CVL and an MVL?

A CVL is for companies that are insolvent and unable to pay their debts, whereas an MVL is for solvent companies that are closing down with retained profits. In a CVL, Directors meet their legal obligations by initiating a structured closure and dealing with creditors. In an MVL, shareholders can extract funds in a tax-efficient way. We’ll help you determine which option is right for your company.

Can I liquidate my company if it is in debt?

Yes, if your company is insolvent, you can close it using a Creditors’ Voluntary Liquidation. This process helps you deal with company debts legally, stop creditor action and fulfil your legal obligations as a Director. It also enables a structured, compliant closure, giving you peace of mind and a clean break.

Can I liquidate my company online?

Yes, most company liquidations can now be handled entirely online or over the phone. We work with Directors across England and Wales and offer full support via phone, email or video call. There is no need for in-person meetings, and we ensure the process is clear, convenient and fully compliant.

Can Clarke Bell help Accountants and their clients?

Yes, we regularly work with Accountants who need trusted insolvency support for their clients. Whether it’s a CVL for an insolvent company or an MVL for a tax-efficient closure, we provide clear advice, responsive service and reliable outcomes. Our team is also accounting-qualified, so we understand the needs of both accounting firms and their clients.