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
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
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...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
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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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
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
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
PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...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
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
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
C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...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
Mind Your Assets Accounts
Mind Your Assets Accounts is based in Sheffield, South Yorkshire, with offices also in Manchester and London. We have over 20 years accountancy expe...See More
Accounting 4 Ltd
Registered practice offering accountancy services from Bookkeeping, Payroll, Vat, Self Assessment, Small Limited Company accounts etc Qualified to AAT...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
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
Frequently asked questions
What is the role of a company liquidator in Ashton Under Lyne?
A licensed company liquidator in Ashton Under Lyne is appointed to wind up a company's affairs. Their role involves realising company assets, settling outstanding debts with creditors, investigating the company's financial conduct, and ensuring that the dissolution process follows the Insolvency Act 1986. They act as an agent of the company and must act impartially, prioritising creditor interests while providing a clear path for directors to close the business legally.
How much does company liquidation cost in Ashton Under Lyne?
The cost of liquidation in Ashton Under Lyne varies depending on the complexity of the company's financial affairs, the number of creditors, and the value of assets. For a Creditor Voluntary Liquidation (CVL), fees typically range from £3,000 to £6,000 plus VAT, but we offer fixed-fee packages and a free initial consultation. We provide transparent quotes upfront, with no hidden costs, and we can discuss payment options if the company has no assets.
What is the difference between a Creditor Voluntary Liquidation (CVL) and compulsory liquidation?
A Creditor Voluntary Liquidation (CVL) is a voluntary process initiated by the directors when a company is insolvent. Directors pass a resolution to wind up the company, and shareholders approve it. Compulsory liquidation is a court-ordered process, usually triggered by a creditor petition. A CVL gives directors more control, often avoids court proceedings, and is generally quicker and less stressful than compulsory liquidation.
Can I still trade if my company is insolvent in Ashton Under Lyne?
Trading while insolvent is risky. If you continue to trade when you know the company cannot pay its debts, you risk personal liability for wrongful trading. Directors have a legal duty to act in the best interests of creditors when insolvency is inevitable. Our liquidators can advise on the legality of continued trading during a rescue attempt or a pre-liquidation period, but you should seek immediate professional advice to avoid penalties.
Will I be personally liable for company debts after liquidation?
In most cases, no. Limited liability protects directors from personal responsibility for company debts, provided you have not given personal guarantees, acted fraudulently, or engaged in wrongful trading. However, if you have taken loans or credit in your own name, or signed a personal guarantee for a business loan, you may be liable. Our liquidators review all your financial arrangements to clarify your personal exposure before proceeding.
How long does the liquidation process take in Ashton Under Lyne?
The entire liquidation process typically takes between 6 to 12 months to complete, but the initial appointment and creditor meeting can happen within 2 to 4 weeks after you decide to proceed. Once the liquidator is appointed, they must file reports, sell assets, and distribute funds to creditors. The final dissolution of the company occurs after the liquidator's final report is filed with Companies House, which can take up to 12 months.
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