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
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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HUBBLE ACCOUNTANCY LTD
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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
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...
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...
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
Financial Claims Consultants
Financial Claims Consultants offer No Win No Fee Pension Claims – we help clients&...
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
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
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
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
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
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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
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
Frequently asked questions
What is the difference between a creditors voluntary liquidation (CVL) and a members voluntary liquidation (MVL) in Bath?
A creditors voluntary liquidation (CVL) is used when a company is insolvent and cannot pay its debts. It is initiated by directors and involves a meeting of creditors to approve the liquidation. A members voluntary liquidation (MVL) is for solvent companies where directors and shareholders wish to close the business and distribute surplus assets, often for tax efficiency. Our licensed liquidators in Bath will assess your company's solvency and recommend the appropriate procedure.
How much does it cost to appoint a company liquidator in Bath?
The cost of liquidation varies depending on the complexity of the company's affairs, asset values, and the number of creditors. For a typical insolvent CVL, fees are often taken from the company's assets, but if there are insufficient assets, directors may need to contribute. We provide a free initial consultation and a transparent fixed-fee quote before any work begins. Contact us for a no-obligation estimate tailored to your company's circumstances.
Can a director of a Bath company be held personally liable for debts during liquidation?
In most cases, directors are not personally liable for company debts if they have acted within the law. However, personal liability can arise if there is evidence of wrongful trading, fraudulent activity, or if personal guarantees were signed. Our insolvency experts will review your conduct and advise you on potential risks, helping you navigate the process while minimising any personal exposure.
What happens to employees when a company in Bath goes into liquidation?
When a company enters liquidation, employees are automatically made redundant from the date of the winding-up order or resolution. The liquidator will terminate employment contracts, and employees may be able to claim statutory redundancy pay, unpaid wages, and holiday pay from the National Insurance Fund. Our team will provide guidance to employees and assist with the necessary claims.
How long does the company liquidation process take in Bath?
A straightforward CVL typically takes between 6 and 12 months to complete, depending on the complexity of asset realisation and creditor claims. An MVL for a solvent company can be completed in as little as 6 to 8 months after the final meeting. The liquidator's role includes selling assets, investigating affairs, and distributing funds, which can extend the timeline if legal issues arise.
Can I continue trading after my company has entered liquidation in Bath?
No, once a winding-up order is made or a resolution for voluntary liquidation is passed, the company must cease trading immediately. The liquidator takes control of the business and assets. Continuing to trade during liquidation can lead to personal liability for debts incurred after the commencement of liquidation. Our advisors will help you plan an orderly cessation of trading before the process begins.
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