ACCOTAX - Accountants & Tax Consultants
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AWS ACCOUNTANTS (LONDON) LLP
SARA COOPERS ACCOUNTANTS LTD
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MQPLUS LTD
MQplus LTD provides accurate, flexible and cost-effective managment accounting services for sole traders,partnerships and Limited Companies
Ahmed-Cliffords Ltd
Ahmed-Cliffords has grown to become one of the region's most successful accountants and tax consultancy offices. From simple beginnings, when we wer...See More
Rochvilles & Co Accountants Ltd
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MONEYTREE FINANCIAL LTD
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TaxAssist Accountants
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Southall Accountants
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KHAWAR & CO LTD
Khawar & Co Ltd is an active company located in London, Greater London. We are specialist accountancy firm, ready to help you with different accountan...See More
Ashden Accountants
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YBSM PARTNERS
YBSM Partners is a Certified Accounting Firm with a difference. Providing Accounting, T...
BLUEBIRD ACCOUNTANCY LIMITED
Bluebird Accountancy was created with the needs of modern day contractors and freelancers like you in mind. With modern day accountancy software makin...See More
EFJ CONSULTING LTD
We are the firm of Chartered Certified Accountants based in London. We provide professional and practical help with all aspects of accountancy and tax...See More
KUBED SOLUTIONS LIMITED
Gouri Kubair, the founding director of the business has over a decade of experience in the field of accountancy. Including 8 years in Deloitte, ...See More
Accounting4Actors
Accounting4actors is not only for actors! We also represent dancers, musicians, sports professionals, models, writers, artists, directors, camerapeopl...See More
Accounting Made Simple
Accounting Made Simple is a tech-savvy accountancy and bookkeeping organization located in London which assists clients to ru...See More
Frequently asked questions
What is a company liquidator and what do they do in Braintree?
A company liquidator is a licensed insolvency practitioner who manages the winding up of a company's affairs. In Braintree, our liquidators take control of the company's assets, sell them, distribute the proceeds to creditors, and formally dissolve the company. They also investigate the directors' conduct and ensure all legal requirements are met, providing a clean end to the company's existence.
When should a company in Braintree consider liquidation?
A company should consider liquidation when it is insolvent, meaning it cannot pay its debts as they fall due, or when its liabilities exceed its assets. Common triggers include receiving a statutory demand, facing a winding-up petition from HMRC or other creditors, or when directors realise that the business model is no longer viable. Seeking early advice from a liquidator can help you explore alternatives and avoid personal liability.
What is the difference between creditors voluntary liquidation (CVL) and compulsory liquidation?
A creditors voluntary liquidation (CVL) is initiated by the company's directors and shareholders when the company is insolvent. The directors appoint a liquidator, and creditors are then invited to a meeting to confirm the appointment. Compulsory liquidation, on the other hand, is forced by a creditor who obtains a court order, usually after a winding-up petition. In compulsory liquidation, the Official Receiver or an appointed insolvency practitioner acts as liquidator.
Can a company liquidator help with director redundancy claims in Braintree?
Yes, if you are a director and an employee of your own company, you may be entitled to claim redundancy pay, unpaid wages, holiday pay, and notice pay from the National Insurance Fund. Our liquidators can provide the necessary forms (RP1, RP2, and RP3) and guide you through the process of making a claim to the Redundancy Payments Service, ensuring you receive all statutory entitlements.
What are the costs of appointing a company liquidator in Braintree?
The costs of liquidation vary depending on the complexity of the company's affairs, the number of assets, and the level of creditor involvement. For a creditors voluntary liquidation, fees are typically based on a fixed fee or a percentage of asset realisations. We provide transparent pricing with no hidden charges, and we can often arrange for fees to be taken from the company's assets. Contact us for a free quote.
What happens to company assets during liquidation in Braintree?
Once a liquidator is appointed, they take control of all company assets, including property, equipment, stock, vehicles, and intellectual property. The liquidator will value and sell these assets to raise funds for creditors. Secured creditors, such as banks with a floating charge, are paid first, followed by preferential creditors (like employees) and then unsecured creditors. Any remaining funds are distributed to shareholders if the company is solvent.
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