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
LLOYDS ACCOUNTANTS LTD
We offer accounts, taxation and business advisory and support services to a wide range of businesses and individuals, nationwide. We continue to build...See More
Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...See More
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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Clarity Accountants
We work closely with our clients and act for a broad range of business and personal clients. Apart from the more general accountancy services we can a...See More
GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More
PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...See More
GORILLA ACCOUNTING LIMITED
orilla Accounting was born after a group of specialist accountants with decades of experience amongst them, decided that accounting shouldn’t be a lab...See More
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...See More
Athena Bookkeeping Services
Athena Accounting and Bookkeeping Services. ?Let us take good care of your finances giving you more time to focus on the day to day running of your bu...See More
C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
Holden Associates
Holden Associates are a family run business founded in 2002, we are located at V12, Merlin Park, a modern purpose-built office in Burscough, Lancashir...See More
Holdsworth Accountancy
We are a team of experienced, qualified accountants and bookkeepers providing professional services to individuals and businesses within Bradford and ...See More
NIXON WILLIAMS LIMITED
Nixon Williams has been providing specialist accountancy services to contractors, freelancers, consultants and interim professionals throughout the UK...See More
Sambhav Management Limited
Since 2012, we’ve offered clients the tools, resources and guidance necessary for all their accounting needs. Clients receive the personalized attenti...See More
BROOKSON LIMITED
Why Brookson? There are plenty of reasons. We’re specialists at dealing with self-employed finances, and have been doing this for over 20 years, so we...See More
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Norbury Bookkeeping Services
We offer a complete bookkeeping and computerized payroll service throughout Cheshire and South Manchester and are able to offer support for all financ...See More
MGM & CO. Chartered Certified Accountants
If you are looking for professional accountants offering a full range of accountancy and tax services to clients from across the UK, you have come to ...See More
ACCOUNTS 2U LIMITED
Our director, Howard Turner MAAT ATT, qualified as an accounting and taxation technician in 1995 after training with chartered accountants in Cheshire...See More
Frequently asked questions
What is the role of a company liquidator in Accrington?
A company liquidator in Accrington is a licensed insolvency practitioner who takes control of a company that is insolvent or needs to be wound up. Their role includes realising company assets, settling debts with creditors in the correct statutory order, investigating the company's affairs, and ensuring that all legal and administrative requirements are met. They also handle communication with employees, HMRC, and other stakeholders, and they provide a final report to creditors and Companies House.
When should a company in Accrington consider liquidation?
A company should consider liquidation when it cannot pay its debts as they fall due, such as when it faces a winding-up petition, statutory demands, or escalating creditor pressure. Directors should also consider liquidation if the company has no viable future, if trading is loss-making, or if the directors wish to retire or move on. Early advice from a licensed liquidator can help avoid wrongful trading claims and reduce personal liability for directors.
What is the difference between creditors voluntary liquidation (CVL) and compulsory liquidation?
Creditors voluntary liquidation (CVL) is initiated by the company's directors and shareholders when the company is insolvent but has not been forced into liquidation by a court. The directors appoint a licensed insolvency practitioner, and a meeting of creditors is held to approve the liquidation. Compulsory liquidation is a court-ordered process, usually triggered by a creditor presenting a winding-up petition. In compulsory liquidation, the Official Receiver or a court-appointed liquidator handles the process, and the company has less control over the outcome.
Can directors of an insolvent company in Accrington face personal liability?
Yes, directors can face personal liability if they continue trading while knowing the company is insolvent and do not take steps to protect creditors. This includes wrongful trading, fraudulent trading, or misfeasance. A liquidator investigates director conduct and can apply to the court for a disqualification order or personal contribution to company assets. Seeking professional advice early and acting in the best interests of creditors can significantly reduce these risks.
How much does company liquidation cost in Accrington?
The cost of company liquidation in Accrington varies depending on the complexity of the case, the size of the company, and the number of assets and creditors. Typically, a creditors voluntary liquidation can cost between £3,000 and £7,000 plus VAT, but some firms offer fixed fees. The liquidator's fees are paid from the company's assets, but if there are insufficient assets, directors may need to fund the process personally. Always obtain a clear written quote before instructing a liquidator.
What happens to employees when a company in Accrington goes into liquidation?
When a company goes into liquidation, all employees are automatically dismissed from the date of liquidation. The liquidator is responsible for terminating employment contracts and ensuring that employees receive their statutory redundancy pay, unpaid wages, holiday pay, and notice pay. These claims are paid from the National Insurance Fund if the company has no assets, but the liquidator must submit the necessary forms to the Redundancy Payments Service on behalf of the employees.
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