
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

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
Frequently asked questions
What is a Creditors Voluntary Liquidation (CVL) in Ampthill?
A CVL is a formal insolvency procedure for a company that is insolvent (unable to pay debts as they fall due). The directors pass a resolution to wind up the company, and a licensed insolvency practitioner (liquidator) is appointed to sell assets, investigate affairs, and distribute proceeds to creditors. In Ampthill, our liquidators guide you through every step, ensuring compliance with legal duties and protecting directors from wrongful trading claims.
How much does a company liquidation cost in Ampthill, Bedfordshire?
The cost of a CVL in Ampthill varies depending on the complexity of the company's affairs, number of creditors, and asset realisations. Typically, fees range from £3,000 to £6,000 plus VAT, but many liquidators work on a fixed-fee basis or take a percentage of realisations. We offer transparent, no-obligation quotes before you commit. Contact us for a free, tailored estimate based on your company's specific situation.
Can a company in Ampthill continue trading during liquidation?
No. Once a company enters Creditors Voluntary Liquidation, the directors' powers cease, and the liquidator takes control. The company cannot continue trading except to complete contracts that benefit creditors. However, if your company is viable but struggling, alternatives like a Company Voluntary Arrangement (CVA) or administration may allow continued trading. Our Ampthill liquidators will assess your options and recommend the best route for your business.
What are the legal duties of directors when a company is insolvent in Ampthill?
Directors must act in the best interests of creditors once insolvency is apparent. They must avoid wrongful trading (continuing to incur debts when they know the company cannot pay), maintain accurate records, and call a creditors' meeting if a CVL is proposed. Failure to comply can lead to personal liability, disqualification, or even criminal prosecution. Our liquidators provide immediate advice to help you meet these duties and minimise risk.
How long does a company liquidation take in Ampthill?
A straightforward CVL typically completes within 6 to 12 months, but complex cases with asset recovery or legal disputes may take longer. The liquidator must file a final report to creditors within 12 months of appointment. We aim to conclude matters as quickly as possible, keeping you informed at every stage. For a timeline specific to your company, please request a consultation.
What happens to employees when a company in Ampthill goes into liquidation?
Employees are automatically made redundant when a company enters CVL. They may claim statutory redundancy pay, unpaid wages, holiday pay, and notice pay from the National Insurance Fund (via the Redundancy Payments Service). The liquidator will provide each employee with a claim form (RP1) and guide them through the process. We also assist with any preferential claims and ensure employees' rights are respected.
About Accounting Firms
AccountingFirms.co.uk is the UK's dedicated accountant comparison website, helping individuals, sole traders, landlords, startups, and SMEs instantly compare accountancy and tax fees from trusted UK accounting firms.
Find and connect with qualified accountants, tax advisers, bookkeepers, and business advisers using advanced search filters, verified profiles, and genuine reviews aggregated from Google, Trustpilot, Yelp, and other trusted platforms.
Over 26,000+ UK Accountants in One Place
Explore the UK's largest independent directory of accountants regulated by professional bodies including ICAEW, ACCA, AAT, CIMA, CIPFA, AIA, IFA, and other recognised UK accountancy bodies.
Affordable Online Accounting Services
Buy fixed-fee accounting packages online with confidence. Services are delivered by experienced UK-qualified accountants and tax advisers, covering:
A Marketplace for Accountants
For accounting firms, AccountingFirms.co.uk is more than a directory. It's a powerful lead generation platform, accountant marketplace, and business growth hub, helping practices attract new clients, increase online visibility, generate qualified leads, and win more accounting and taxation work across the UK.
