A Voluntary Liquidation is where the directors decide that the company is no longer viable and must cease.
It is a much quicker and less stressful process than Compulsory Liquidation that requires a court process and will expose you to more personal risk.
If you only have minimal debts it might be worth just trying to dissolve the company. We have all the letter templates, minutes and guides that you need in order to do this at our sister site https://www.dissolvemycompany.co.uk. It costs just £40+VAT for the pack
