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
Woody's Payroll & Bookkeeping Services
Here at Woody's we have years of experience in providing a dedicated, professional and highly personal service to our clients. We offer a wide range o...See More
Purnells - Licensed Insolvency Practitioners
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Bell Stanley Accountants
Welcome to Bell Stanley Accountants page.
Kings Oak Accountancy
Accountants based in Bristol, Bath & Somerset providing accounting and tax services to small and medium size owner-managed businesses. Our services in...See More
KINGS OAK ACCOUNTANCY (SOMERSET) LTD
We are a small firm of Accountants based in Somerset. Michael is a fellow of the Chartered Institute of Management Accounting with over 30 years expe...See More
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Financial Claims Consultants
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HUBBLE ACCOUNTANCY LTD
This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.
Williamslester Brilliant Accounting Services
Our range of services are provided by fully qualified and experienced staff who always monitor, advise and review both new and existing clients. This ...See More
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MARLIS BOOKKEEPING & ACCOUNTANCY
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TKI Bookkeeping & Accounts
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SG CONTRACTOR ACCOUNTING LIMITED
SG Accounting was established in 1995 to service the accountancy and taxation needs of professional contractors and freelancers. We are based in Winc...See More
Modus Accountants Limited
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DEAD SIMPLE ACCOUNTING LTD
Dead Simple Accounting is an expert accounting firm based in Reading, Berkshire. We’ve been supporting the local business community in Reading with a ...See More
Turner Barratt
At Turner Barratt we believe that we have something unique to offer. Just Corporate Finance Turner Barratt are Chartered Accountants who are dedicate...See More
Accounting etc. limited
We are a small firm of Chartered Management Accountants dedicated to providing you with a high quality accountancy service and sound business advice a...See More
QUENTELA ACCOUNTING LIMITED
Quentela Accounting is a family run accountancy practise based in Wokingham, Berkshire. We are a small business but with an emphasis on BIG commitment...See More
The Bean Counters Accountants LLP
Established in 2011, The Bean Counters Accountants is a growing accounting firm in Maidenhead which specializes in cloud accounting and bookkeeping, p...See More
BARNES MAYER LIMITED
Barnes Mayer Ltd is an independent, family run business providing accounting and taxation services throughout Maidenhead, Berkshire and Buckinghamshir...See More
Frequently asked questions
What is the difference between a CVL and an MVL for a company in Axminster?
A Creditors Voluntary Liquidation (CVL) is used for an insolvent company that cannot pay its debts. A Members Voluntary Liquidation (MVL) is for a solvent company where shareholders wish to close it, often for tax efficiency. In a CVL, creditors control the process, while in an MVL, shareholders appoint the liquidator and debts are paid in full.
How much does it cost to liquidate a company in Axminster?
Costs vary based on the complexity of the company's affairs, the number of assets, and creditor positions. For a straightforward CVL, fixed fees typically range from £3,000 to £6,000 plus VAT, often paid from company assets. We provide a transparent fixed-fee quote after a free initial assessment.
Can I continue trading if I plan to liquidate my company?
If the company is insolvent, continuing to trade can lead to wrongful trading claims against directors personally. You should seek immediate professional advice. If liquidation is unavoidable, you must stop taking on new credit and only trade where it benefits creditors, under the guidance of an insolvency practitioner.
What happens to employees when a company goes into liquidation in Axminster?
Employees are made redundant upon liquidation. The liquidator will terminate contracts, and employees can claim statutory redundancy pay, unpaid wages, holiday pay, and notice pay from the National Insurance Fund via the Redundancy Payments Service. The liquidator provides the necessary forms (RP1, RP2, etc.) to employees.
Will I be personally liable for company debts after liquidation?
Generally, no – limited liability protects directors from company debts. However, personal liability can arise if you have given personal guarantees, acted fraudulently, or engaged in wrongful trading. Our role includes investigating director conduct to ensure compliance, but we also protect directors who have acted responsibly.
How long does a company liquidation take in Axminster?
A CVL typically completes within 6 to 12 months, depending on asset realisation and creditor claims. An MVL can be faster, often 3 to 6 months. The liquidator must file final accounts and a return to Companies House, and the company is formally dissolved shortly after.
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