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HMRC internal manual

COTAX Manual

HM Revenue & Customs
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Pursuit: enforcement: insolvency

The term insolvency is used to describe:

  • a company liquidation
  • an administrative receivership, known in Scotland as a receivership.

Although not technically insolvent, the term insolvency is also used to describe cases involving:

  • an administration order
  • a company Voluntary Arrangement (VA).

It is also possible for a company to cease trading without being made insolvent. When this happens the company becomes defunct and is struck off the companies register at Companies House.

The Insolvency Claims Handling Unit (ICHU) issues claims for the following insolvency types.

  • Compulsory liquidation.
  • Creditors’ voluntary liquidation.
  • Bankruptcy.
  • Administrative receiverships.
  • Scottish trust deeds.

The Enforcement and Insolvency Service (EIS) issues claims for:

  • compulsory administrations
  • members’ voluntary liquidations.

For more detailed information and instruction about insolvencies and striking off see the Insolvency Manual.