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
CloudBook Accountants Ltd
Since we were established in 2013, we have done everything online - from getting a quote to signing off your accounts. It's easier and quicker, so it ...See More
Tax Returns - London
At Cheap Tax Returns, we love to give a personalized touch to the service we provide. As an accountancy firm, we understand small business owners and ...See More
LFR Accounting
Accountancy and taxation services
Sabre Accountants
Sabre Accountants have built up a fantastic reputation as a trustworthy, affordable & reliable accountancy service. We provide accountancy services a...See More
Agility Bookkeeping
Agility Bookkeeping is a Xero online bookkeeping firm based in the UK having three offices in Glasgow, Stirling, and Edinburgh. Whether you are a new ...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
Holdsworth Accountancy
We are a team of experienced, qualified accountants and bookkeepers providing professional services to individuals and businesses within Bradford and ...See More
TI Accountancy Limtied
TI Accountancy was established in 2002 by its owner Tracy Irwin, who grew the company organically through her hard work and determination to the Emplo...See More
IDEO BUSINESS SERVICES 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.
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
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
Accounting 4 Ltd
Registered practice offering accountancy services from Bookkeeping, Payroll, Vat, Self Assessment, Small Limited Company accounts etc Qualified to AAT...See More
NIXON WILLIAMS LIMITED
Nixon Williams has been providing specialist accountancy services to contractors, freelancers, consultants and interim professionals throughout the UK...See More
Stewart Accounting Services
Stewart Accounting Services, Chartered Accountants, is a CA firm with its main office in Alloa, Clackmannanshire. We also have offices in Falkirk and ...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
Breco Accounting Services
Client centered accountant concentrating on helping small businesses and individuals. Friendly Service, Competitive rates. Payroll Services, Vat Retur...See More
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
See More
TaxKings Tax Made Simple
TaxKings work with owner managed businesses all over the UK. With off...
Frequently asked questions
What is a company liquidator and when do I need one in Bedlington?
A company liquidator is a licensed insolvency practitioner who formally winds down a company's affairs, selling assets and distributing funds to creditors. In Bedlington, you need a liquidator when your company is insolvent (cannot pay its debts as they fall due) and you decide to close it voluntarily via Creditors Voluntary Liquidation (CVL), or if a creditor petitions for compulsory liquidation. A liquidator ensures the process is legal, fair, and protects directors from potential personal liability.
What is Creditors Voluntary Liquidation (CVL) and how does it work?
Creditors Voluntary Liquidation (CVL) is a formal insolvency procedure initiated by directors when a company is insolvent. In Bedlington, our liquidator will call a meeting of shareholders and creditors to approve the liquidation. Once appointed, the liquidator takes control of company assets, investigates the company's affairs, realises assets, and distributes proceeds to creditors in a statutory order. At the end, the company is dissolved and removed from the Companies House register.
How much does it cost to appoint a liquidator in Bedlington?
The cost of liquidation in Bedlington varies based on the complexity of the company's affairs, the number of assets, and the level of creditor enquiries. Typically, fees range from £4,000 to £8,000 plus VAT, but we offer a free initial consultation to provide a fixed fee quote after assessing your situation. In many cases, the liquidator's fees can be paid from the company's assets before creditors receive distributions, but if there are no assets, directors may need to fund the process personally.
What are the legal duties of directors during a company liquidation?
During liquidation, directors in Bedlington must cooperate fully with the liquidator, provide all company records and financial information, and attend meetings when required. They must not hide assets or prefer certain creditors over others. Directors also have a duty to avoid wrongful trading – continuing to trade when they knew the company was insolvent. Failure to comply can lead to personal liability, disqualification as a director, or even criminal prosecution. Our liquidators guide you through these duties to ensure compliance.
Can I continue trading after appointing a liquidator?
No, once a liquidator is appointed in a Creditors Voluntary Liquidation, the directors' powers cease, and the liquidator takes full control of the company. The company must stop trading immediately, except for actions that the liquidator deems necessary for the beneficial winding-up, such as completing existing contracts to sell assets. Any continued trading without the liquidator's consent could be seen as wrongful trading and may lead to personal liability for debts incurred after insolvency.
What happens to employees when a company goes into liquidation in Bedlington?
When a company enters liquidation, employees are automatically dismissed from the date the liquidation begins. The liquidator will provide them with the necessary forms to claim redundancy pay, unpaid wages, holiday pay, and notice pay from the National Insurance Fund (via the Redundancy Payments Service). Employees are also considered preferential creditors for certain claims, meaning they are paid before unsecured creditors from any available assets. Our liquidator will assist employees with the claims process.
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.