Liquidation services

Liquidation services

All businesses face challenges at some stage in their life cycle. Unfortunately, some don't survive because of internal pressures, external events or economic conditions. If your business is in this situation our licensed insolvency practitioners can help.

Our approach is inclusive, practical and pragmatic and, wherever possible, we work towards mutually agreeable solutions that meet the needs of all stakeholders and maximise the financial return.

We’ll work with you fairly and professionally – contact one of our experts now for further advice on the liquidation process.

Voluntary Liquidations

Where the directors and shareholders of a company have identified that the business is insolvent and has no prospect of recovery, the orderly winding up of its affairs is required. The process is very simply and normally involves shareholders signing a written resolution appointing liquidators.

In most cases we charge no up-front fees.

Court Appointed Liquidations

This is where a creditor applies to the High Court to have the company placed into liquidation. In this scenario, the creditor, not the shareholders, decides who is to be appointed liquidator.

Shareholders may voluntarily place a company into liquidation within 10 working days after the liquidation application is served upon the company.

Liquidation warning signs

It you receive a statutory demand from a creditor, contact one of our experts. We can help you resolve the situation and discuss alternatives to liquidation.

The liquidation process

The principal duty of a liquidator is to take possession of, protect, realise and distribute the assets of the company in liquidation to its creditors and, if there is a surplus, to its shareholders.

We are licensed insolvency practitioners who have specialist experience in most industries, and in working with all stakeholders to maximise the financial return to creditors and shareholders.

When the liquidation is complete, the liquidator will take steps to have the company struck off the Register of Companies.

Be aware that if an insolvent company is struck off the Register of Companies without having previously been through a formal liquidation process, it is relatively simple for a creditor to apply to the Court to have the company reinstated and placed into liquidation.

For more information, contact one of our experts now.



Choose your location for better results

Make an Enquiry

Find a business recovery expert


Business Recovery and insolvency 500x500 opt3
04 May 2023

A brief look at business recovery and insolvency

Every business owner starts out with dreams of success and wealth. Unfortunately, it’s not as easy as it seems and many businesses run into trouble at some stage in their life cycle.

Creditor compromise 500x500
04 Apr 2023

Creditor compromises: A guide for companies

Even profitable and viable companies can find themselves unable to pay their creditors. This can be due to a variety of reasons, such as the failure of a major customer, unprofitable contracts, employee theft, lengthy litigation and, unfortunately, a pandemic or extreme weather events.

Statutory Demands 500x500
21 Mar 2023

How Statutory Demands enforce debt payment

We speak to Philip Macey of our Taranaki office about the use of Statutory Demands to recover debt and their role in liquidations…

Business failure 500x500
01 Mar 2023

Early intervention brings best chance of revival

If times are tough, would you recognise when your business needs external help? Here, we highlight why businesses fail, the warning signs and the options when recovery is becoming tenuous or impossible.

StretchSense 500x500
06 Dec 2022

The story of a business plucked out of the fire

There aren’t a lot of successful voluntary administrations when New Zealand businesses are struggling, but occasionally one of them lives to fight another day. One such business – StretchSense, came under the guidance of Baker Tilly Staples Rodway.

Business Recovery and insolvency 500x500 opt1
11 Aug 2022

Helping businesses that are insolvent or at risk

It’s been a lean couple of years for some amid COVID-19 restrictions, geopolitical issues and rising inflation and interest rates, but we can help if your business is faltering.

Construction Challenges 500x500 July 22
19 Jul 2022

Knotty time for building and construction

The building and construction sector has come under significant pressure in recent times. Auckland associate director Asheel Bharos looks at the statistics and challenges, and how those in the industry can help safeguard their business.

27 Jul 2020

The Government Business Finance Guarantee Scheme - at the coalface

The Business Finance Guarantee Scheme was effective from 1 April, introduced in response to the COVID-19 economic downturn. While great in theory, when you delve into the detail, it's less useful than might first appear.

23 Jul 2020

The changing landscape for New Zealand business migrants

Andrew Sayers recently joined Baker Tilly Staples Rodway Waikato. In a former role Andrew was Managing Partner and International Liaison Partner of a large Australasian accounting firm.

23 Jun 2020

Strategies to survive a downturn

As we all know, there is significant global economic uncertainty as countries deal with COVID-19, and the steps taken to control it. Most countries are expecting to enter recession, if they are not in one already.

19 Jun 2020

Restructuring and redundancies

Many businesses are facing unprecedented times and have been forced to consider if they can continue to operate in the same manner as before.  

11 May 2020

How businesses survive and thrive after a crisis

As a Business Development Manager, I spend a lot of my time looking to the future and preparing businesses for their future. Well that future has changed dramatically during this year.

Our website uses cookies to help understand and improve your experience. Please let us know if that’s okay by you.

Cookies help us understand how you use our website, so we can serve up the right information here and in our other marketing.