Reply to post:

Voluntary liquidation is a very dodgy area. To often it is used by dodgy directors to avoid debt. The general practice is to keep the cash flowing in and straight out of the company until a big debts becomes due and then enter voluntary liquidation, when there are few actual assets. I'm not just talking about blatantly. Bent companies with a couple of directors and no employees here, but directors who see their company as a way of earning huge amounts with no liabilities as such. The law on this sport of thing needs reviewing and the circumstances where companies can enter voluntary liquidation need to be severely restricted.