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
OVAL ACCOUNTANTS LTD
Your Bookkeeping, Accounting And Self Assessment Experts, Here To Bring You The Highest Standard Of Service.
Marden & Co Accountants Ltd
We are a two partner accountancy practice based in Epsom, serving Sutton, Banstead, Reigate, Dorking & across Surrey. We provide professional accounta...See More
TITUS ACCOUNTS LTD
I know that telling you the truth won’t make me very popular with other accountants. If I'm honest I never liked them much anyway. Chances are (if yo...See More
Tax Cruncher
Tax Cruncher is an online accounting &Tax consulting firm serving clients nationwide. Our aim is to help SMEs to grow their business by crunching thei...See More
APRC Accountants
We are a forward thinking firm of Chartered, Certified Public Accountants & Tax Advisers and Chartered Payroll Professionals established in 2005 in th...See More
Cruse + Burke
As one of the leading accountants in Croydon, we are forward thinking in the way we approach your business requirements and the way we give you except...See More
Cruse+Burke
As one of the leading accountants in Croydon, we are forward thinking in the way we approach your business requirements and the way we give you except...See More
Owadally & Kings Partnership
At O&K we aspire to be one of the most forward thinking accountancy firms in Croydon. Our dedicated in-house team, and external specialists, based in ...See More
Central London Accountants
We are proud partners of leading software provider firm Xero, and we can help if you require Xero Accountants in London, Xero training, or need remote...See More
Cheap - Accountants
As a small business owner, your main focus is to work on your business strengths to help it grow, and you can’t just achieve it through juggling every...See More
London Accountants
We have been providing a range of tailored accounting and taxation services to individuals as well as small and medium sized businesses. See More
Taxaccolega Chartered Accountants & Tax Advisers
As one of the brightest firms of chartered accountants in London, UK, Taxaccolega, based in Croydon, combines the passion and creative thinking of a s...See More
Abu Umar & Co.
Welcome to Abu Umar & Co. We are a small Accounting firm, based in London, We specialize in dealing with all accounting problems. As we have been 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
Financial Partnership London
The Financial Partnership LLP, London, is a young, dynamic and innovative firm of Accountants & Business Advisors who can help improve the performance...See More
Fitzgeralds Accountants Limited
We are a well established firm of accountants and tax advisors based in South West London, dealing with small businesses and high net worth individual...See More
" Accountify – Chartered Certified Accountants"
A firm of Chartered Certified Accountants based in London and Portsmouth. Accountify is an established brand in Accounting and Tax, serving its client...See More
City Tax London
City Tax London provides unparalleled personalized accounting services and th...
Frequently asked questions
What is the role of a company liquidator in Billingshurst?
A company liquidator in Billingshurst is a licensed insolvency practitioner who takes control of a company that is being closed down. Their role is to sell the company's assets, settle outstanding debts with creditors, and distribute any remaining funds to shareholders. They also handle all legal paperwork, investigate the company's financial affairs, and ensure that the liquidation process is carried out in accordance with the Insolvency Act 1986. They act as a neutral third party, protecting the interests of both creditors and directors.
What is the difference between Creditors Voluntary Liquidation (CVL) and Members Voluntary Liquidation (MVL)?
Creditors Voluntary Liquidation (CVL) is used when a company is insolvent, meaning it cannot pay its debts as they fall due. The liquidator sells assets to repay creditors, and the company is dissolved. Members Voluntary Liquidation (MVL) is for solvent companies where directors and shareholders decide to close the business. An MVL allows for a tax-efficient distribution of retained profits and is often used for companies that are no longer needed or when owners are retiring. The key difference is solvency: CVL for insolvent, MVL for solvent companies.
How much does it cost to appoint a liquidator in Billingshurst?
The cost of liquidation varies depending on the complexity of the company's affairs and the type of liquidation required. For a Creditors Voluntary Liquidation (CVL), fees typically range from £3,000 to £6,000 plus VAT, but this can be higher if the company has complex assets or many creditors. For a Members Voluntary Liquidation (MVL), fees are often lower, starting around £2,500. We provide a fixed-fee quote after an initial free consultation, so you know the costs upfront with no hidden charges.
Can a director be personally liable for company debts during liquidation?
In most cases, directors are not personally liable for company debts because a limited company is a separate legal entity. However, personal liability can arise if you have given a personal guarantee for a business loan or overdraft. Additionally, if you have continued trading while insolvent and worsened the company's position, you could face claims for wrongful trading. If you have acted fraudulently or misused company funds, you may be held personally accountable. A liquidator will investigate your conduct, but acting early and seeking professional advice can protect you.
How long does the liquidation process take in Billingshurst?
A Creditors Voluntary Liquidation (CVL) typically takes between 6 and 12 months to complete, depending on how quickly assets can be sold and any disputes resolved. The liquidator must file a final report to Companies House, and the company is usually dissolved after that. A Members Voluntary Liquidation (MVL) can be completed in as little as 3 to 6 months if the company's affairs are straightforward. The exact timeline depends on the complexity of your financial situation, but we always aim to conclude matters as quickly as possible.
What happens to employees when a company goes into liquidation?
When a company enters liquidation, all employees are automatically made redundant from the date the liquidation order is made. The liquidator becomes responsible for the company's assets and will pay employees any outstanding wages, holiday pay, and redundancy entitlements, but only up to the statutory limits set by the government. If there are insufficient funds, employees can claim certain payments from the National Insurance Fund via the Redundancy Payments Service. The liquidator will provide each employee with the necessary claim forms and guidance on how to apply.
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.