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
QUENTELA ACCOUNTING LIMITED
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TITUS ACCOUNTS LTD
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Accounting etc. limited
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Turner Barratt
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DEAD SIMPLE ACCOUNTING LTD
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BARNES MAYER LIMITED
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DIrect Assist accountants Ltd
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The Bean Counters Accountants LLP
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EXPEDIENT ACCOUNTANCY
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Marden & Co Accountants Ltd
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Taxeasy Ltd
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Frequently asked questions
What is the role of a company liquidator in Aldershot?
A company liquidator in Aldershot is a licensed insolvency practitioner who manages the winding-up of a company. Their duties include realising assets, settling creditor claims, investigating director conduct, and distributing any remaining funds to shareholders. They ensure the process follows legal procedures, providing a formal closure for the company.
How much does company liquidation cost in Aldershot?
The cost of liquidation in Aldershot varies depending on the complexity of the case, the company's size, and the type of liquidation (CVL or MVL). Fees are typically based on time and cost, or a fixed fee for straightforward cases. Always obtain a clear, written quote before proceeding. Our firm offers transparent pricing with no hidden charges.
What is the difference between CVL and MVL?
Creditors Voluntary Liquidation (CVL) is used for insolvent companies where directors cannot pay debts. Members Voluntary Liquidation (MVL) is for solvent companies that wish to close, often for tax efficiency. In an MVL, a declaration of solvency is required, and creditors are paid in full before any distribution to shareholders.
Can directors be held personally liable for company debts in Aldershot?
Yes, directors can be personally liable if they continue trading while insolvent (wrongful trading), breach fiduciary duties, or misuse assets. Liquidators investigate director conduct. Seeking professional advice early from a liquidator in Aldershot can help you avoid personal liability and fulfil your legal obligations.
How long does a company liquidation take in Aldershot?
A simple Creditors Voluntary Liquidation (CVL) typically takes 6 to 12 months to complete, depending on asset realisation and creditor claims. Members Voluntary Liquidation (MVL) can be faster, sometimes 3 to 6 months. Complex cases with litigation or asset recovery may take longer. Your liquidator will provide a timeline estimate.
What happens to employees when a company goes into liquidation?
Employees are automatically made redundant when a company enters liquidation. The liquidator provides them with a claim form (RP1) to apply for redundancy pay, unpaid wages, holiday pay, and notice pay from the National Insurance Fund. Employees are preferential creditors, meaning they are paid before unsecured creditors.
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