
ACCOTAX - Accountants & Tax Consultants
Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More

SJD ACCOUNTANCY LIMITED
SJD Accountancy is the UK’s largest specialist provider of fixed fee, limited company accountancy services to contractors and freelancers; we’ve been ...See More

Numerii Ltd
Informed financial support for your business. We are a small, friendly and highly motivated team who offer a professional and efficient service to our...See More

KUBED SOLUTIONS LIMITED
Gouri Kubair, the founding director of the business has over a decade of experience in the field of accountancy. Including 8 years in Deloitte, ...See More

MARK SASTA & ASSOCIATES
Mark Sasta & Associates Ltd is a member firm of the Institute of Chartered&nbs...

MINT FORMATIONS LTD
We have over 100 years of combined industry experience, having worked with hundreds of startups and small businesses in every industry imaginable. We ...See More

MAKESWORTH LIMITED
Makesworth
Accountants is an award-winning accountancy practice of Chartered
Certified Accountants tax and business advisors. We a...
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BLUEBIRD ACCOUNTANCY LIMITED
Bluebird Accountancy was created with the needs of modern day contractors and freelancers like you in mind. With modern day accountancy software makin...See More

Yourtaxhelp
Our motto is “Accountants and Tax Advisers with simple technology”. We will not stop being innovative or using cutting edge technology to help you out...See More

Taxeasy Ltd
TaxEasy Ltd is an experienced and proactive firm of certified accountants and bookkeepers offering high quality accounting services to clients through...See More

DOLAN ACCOUNTANCY LIMITED
If our name sounds familiar, don’t be surprised. Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. A...See More

EXPEDIENT ACCOUNTANCY
Expedient Accountancy Limited provides a wide range of expert accounting services. We are a partnership of 3 Chartered Certified Accountants with more...See More

TAA CONSULTANTS LTD
TAA Consultants- Super Accountants 69201 - Accounting and auditing activities 69202 - Bookkeeping activities

Hayes Accountants
Hayes Accountancy is your local accountancy service provider & part of the group BNW Accountants & Tax Consultants. We offer high-quality accounting a...See More

City Tax London
City Tax London provides unparalleled personalized accounting services and th...

John Lavender accounting ltd
John Lavender Accounting Firm is a beacon of precision and expertise in the financial landscape. With a legacy steeped in integrity and excellence, we...See More

DIrect Assist accountants Ltd
Direct Assist accountants Ltd is one of the fastest growing chartered accountants firm serving businesses and individuals from different industries fr...See More

Not Just Bookkeeping Ltd
Friendly Consulting offers a wide range of consulting services for several indu...
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Frequently asked questions
What is the difference between CVL and MVL in Abbots Langley?
A Creditors' Voluntary Liquidation (CVL) is used when a company is insolvent and cannot pay its debts. It is initiated by directors but controlled by creditors. A Members' Voluntary Liquidation (MVL) is for solvent companies that wish to close, often for tax efficiency. Our licensed liquidators in Abbots Langley will assess your financial position and recommend the correct procedure, ensuring full compliance with the Insolvency Act 1986.
How much does company liquidation cost in Abbots Langley?
Costs vary depending on the complexity of your company's affairs, the number of creditors, and the assets involved. Typically, a simple CVL for a small company may cost between £4,000 and £6,000 plus VAT, while an MVL can be slightly less. We provide a fixed-fee quote after a free initial consultation, with no hidden charges. Our fees are often paid from company assets, subject to creditor approval.
Can I keep trading while my company is being liquidated?
No, once a liquidation order is made, directors lose control of the company. The appointed liquidator takes over all powers to manage affairs, sell assets, and distribute funds. However, before liquidation, you may continue trading if it helps preserve value, but you must not take on new credit or preferential payments. Our advisors can guide you on the legal limits during this period.
What happens to employees when a company in Abbots Langley goes into liquidation?
Employees are automatically dismissed upon the appointment of a liquidator. They become preferential creditors for unpaid wages, holiday pay, and redundancy entitlements, which may be claimed from the National Insurance Fund. The liquidator will provide each employee with a claim form (RP1) and explain the process. We help you communicate with staff sensitively and ensure all statutory obligations are met.
Are directors personally liable for company debts after liquidation?
In most cases, no. Limited liability protects directors from personal responsibility for company debts, provided they have not acted wrongfully. However, if you have given personal guarantees, traded while insolvent, or breached director duties, you could be held liable. Our liquidators investigate conduct and advise on potential risks, helping you avoid disqualification or personal claims.
How long does a company liquidation take in Abbots Langley?
A Creditors' Voluntary Liquidation typically takes between 6 and 12 months to complete, depending on asset realisation and creditor claims. A Members' Voluntary Liquidation can be faster, often closing within 3 to 6 months if no complex issues arise. The liquidator must file final accounts with Companies House and notify HMRC before the company is formally dissolved.
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