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
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
The team comprises of Marion and Lisa, a mother and daughter combination, who offe...
TKI Bookkeeping & Accounts
Hello and welcome to my site, I am qualified by the The Institute of Certified Bookkeepers and have attained highest level qualification, Level 4 Dipl...See More
HUBBLE ACCOUNTANCY LTD
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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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R Albert Accountancy Ltd
We are an AAT Licensed accountancy practice providing a professional and friendly service. A new accountancy practice offering fantastic one to one s...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
MRC Accounting Services
Providing accounting services and solutions
Purnells - Licensed Insolvency Practitioners
As insolvency practitioners we also specialise in interpreting the legislation set out in The Insolvency Act 1986, The Insolvency (England and Wale...
Naseems Accountants
Established in 1978, Naseems Accountants is a small but growing business with our clients doubled over the last decade. We honor ourselves in ou...See More
Capital Accountancy - Accountants & Tax Advisors
WE at CAPITAL ACCOUNTANCY specialises in helping small-to-medium sized businesses, sole traders, contractors and landlords. We make sure you pay the r...See More
AMSTOR ACCOUNTANTS LIMITED
Amstor Accountants Limited T/A Premier Accountants, Auditors and Tax Advisers want to help you pay less tax and keep more of the profit your business ...See More
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Raven Solution
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Bell Stanley Accountants
Welcome to Bell Stanley Accountants page.
Modus Accountants Limited
Whether you are looking for advice, inspiration, accountancy services or all three, our integrated services will provide as much or as little su...See More
ADD- WORTH ACCOUNTANCY LTD
Helping business owners make sense of their numbers. 30+ years of progressive finance and accounting experience in various industries. Offering expert...See More
Frequently asked questions
What is the role of a company liquidator in Bargoed?
A company liquidator in Bargoed is a licensed insolvency practitioner who manages the winding up of a company's affairs. Their role includes selling company assets, settling outstanding debts with creditors, investigating the company's financial history, and ensuring that all legal requirements are met. They also handle employee claims and distribute any remaining funds to shareholders according to the law. The liquidator acts in the best interests of creditors while providing guidance to directors throughout the process.
How much does company liquidation cost in Bargoed?
The cost of company liquidation in Bargoed varies depending on the complexity of the case, the size of the company, and the type of liquidation required. For a creditors voluntary liquidation (CVL), fees typically range from £3,000 to £7,000 plus VAT, but this can be higher for larger or more complex insolvencies. Many liquidators offer a fixed fee structure or payment plans. We provide transparent quotes after a free initial consultation, ensuring no hidden costs or surprises.
What is the difference between CVL and compulsory liquidation?
Creditors voluntary liquidation (CVL) is initiated by the directors when the company is insolvent but still solvent enough to make a voluntary decision. Directors pass a resolution to wind up the company, and shareholders approve it. Compulsory liquidation, on the other hand, is forced by a court order, usually after a creditor files a winding-up petition. CVL gives directors more control and often results in better outcomes for creditors, while compulsory liquidation is more adversarial and can lead to director investigations.
Can I continue trading during liquidation in Bargoed?
No, once a company enters liquidation, trading must cease immediately. The liquidator takes control of the company's assets and affairs. However, in some cases, the liquidator may continue trading temporarily to sell stock or complete contracts that are beneficial to creditors. Directors who continue trading after liquidation begins may be personally liable for any debts incurred, so it is crucial to stop trading and seek professional advice as soon as insolvency is apparent.
What happens to employees during company liquidation?
Employees are automatically made redundant when a company enters liquidation. The liquidator is responsible for notifying employees and ensuring they receive their statutory redundancy pay, notice pay, and unpaid wages. These payments are often claimed from the National Insurance Fund if the company lacks sufficient assets. The liquidator will also provide employees with the necessary forms (RP1, RP2, etc.) to claim their entitlements. We guide employees through this process to ensure they receive what they are owed.
How long does the liquidation process take in Bargoed?
The length of liquidation in Bargoed depends on the complexity of the case. A simple creditors voluntary liquidation can be completed in as little as 6 to 9 months, but cases with complex asset realisation, legal disputes, or investigations may take 12 to 18 months or longer. The liquidator must file final accounts with Companies House and hold a final meeting of creditors before dissolution. We aim to conclude matters efficiently while ensuring all statutory duties are fulfilled.
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