Purnells Insolvency Practitioners

13/01/2026

⚠️New Blog Alert⚠️

Wrongful Trading: A Director’s Guide to Duties and Avoiding Liability

What Is Wrongful Trading? When Can Wrongful Trading Occur And When Do Directors Need to Consider Creditors Interests? What Are the Duties of Directors When This Happens? What Liabilities Could the Dir

06/08/2025

When a company reaches the end of its journey, choosing the right type of liquidation process is essential. Two of the most common options are a Members Voluntary Liquidation (MVL) and a Creditors Voluntary Liquidation (CVL). While they may sound similar, the two processes serve very different purposes and are designed for businesses in entirely different financial situations.

In this guide, we break down the key differences between MVLs and CVLs, helping you understand which route may be more appropriate for your company’s circumstances.

When a company reaches the end of its journey, choosing the right type of liquidation process is essential. Two of the most common options are a Members Voluntary Liquidation (MVL) and a Creditors Vol

05/12/2024

18/11/2024

Seen the movie?
Back from Peru, have a selfie with the star of the movie at Dorchester Christmas Cracker thanks to Julia's House Children's Hospice. Sunday 15 Dec meet at 1150 top of High West Street for the Children’s Santa Hat Parade with free Santa hats for the first 100 thanks to Purnells Insolvency Practitioners

An event for Dorchester organised by volunteers and supported by Kingston Maurward College Everycare Dorchester
With thanks to Handelsbanken Dorchester Town Council Dorchester BID Al Molo Dorchester

14/11/2024

An explanation of the legal definition of insolvency and the early signs of insolvency and what to look out for.

31/07/2024

Job Opportunities with Purnells...

Job opportunities at Purnells Licenced Insolvency Practitioners - Truro, Falmouth, Helston & Newport

07/05/2024

A Debt Order (DRO) is an insolvency measure designed as an alternative to bankruptcy, for debtors who are struggling to meet their liabilities, and have either very few, or no tangible assets.

Below is our new blog on the changes made by the Government...

A Debt Order (DRO) is an insolvency measure designed as an alternative to bankruptcy, for debtors who are struggling to meet their liabilities, and have either very few, or no tangible assets.

03/05/2024

What is Creditors Voluntary Liquidation?

A Creditors Voluntary Liquidation (CVL) is a voluntary process whereby the directors and shareholders of an insolvent business can place the company into liquidation. This usually occurs when the director believes that the company is no longer economically viable. In this instance, the creditors of the company must be considered a higher priority than the shareholders, and it is the duty of the liquidator to attempt to get the best return for creditors.

Read our latest blog to understand the process and what to do next...

A Creditors Voluntary Liquidation (CVL) is a voluntary process whereby the directors and shareholders of an insolvent business can place the company into liquidation.

03/05/2024

What is Members’ Voluntary Liquidation?

A company does not have to be insolvent in order to be placed into liquidation. Shareholders can choose to place a Company into a Members’ Voluntary Liquidation (MVL) if they want to wind up a solvent Company, and it is in a position to repay any outstanding creditors in full within twelve months of winding up.

Read our latest blog to understand the process and what to do next...

A company does not have to be insolvent in order to be placed into liquidation. Shareholders can choose to place a Company into a Members’ Voluntary Liquidation (MVL)

03/04/2024

What is a Personal Guarantee (PG)?

Want to know what to do before making a Personal Guarantee & what your repayment options are?

Find out all you need to know here...

What is a Personal Guarantee? Before Making a Personal Guarantee Repayment Options

03/04/2024

Anyone up for a charity shoot event supporting Dorset's local Air Ambulance..... All are welcome, please see the below poster for details.