How long does liquidation take?

The length of a liquidation depends on the size and complexity of the company, but most take between six months and two years to complete. Smaller companies with few assets and creditors can be wound up relatively quickly, often within a year. Larger businesses with multiple properties, international operations, or complex creditor claims may take much longer. The liquidator must sell assets, agree creditor claims, and complete statutory reporting, all of which can extend the process. Investigations into director conduct can also delay completion, particularly if legal action is required. While liquidation is ongoing, directors are no longer in control and must cooperate with the liquidator by providing records and information. Creditors receive progress reports, but distributions are often staged over time as assets are realised. Although liquidation is not indefinite, it can be a drawn-out process that requires patience, especially when disputes or asset recovery are complicated.