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HUBBLE ACCOUNTANCY 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.
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R Albert Accountancy Ltd
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Raven Solution
This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.

Naseems Accountants
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Capital Accountancy - Accountants & Tax Advisors
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Woody's Payroll & Bookkeeping Services
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Pharmatax
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Frequently asked questions
What is the role of a company liquidator in Brecon?
A company liquidator in Brecon is a licensed insolvency practitioner who manages the formal winding up of a company. Their role includes assessing the company's financial position, realising assets, agreeing claims with creditors, and distributing any available funds in the statutory order. They also investigate the directors' conduct and ensure compliance with the Insolvency Act 1986.
How much does company liquidation cost in Brecon?
The cost of company liquidation in Brecon varies depending on the complexity of the case, the size of the company, and the number of creditors. Typically, fees range from £3,000 to £6,000 plus VAT for a Creditors Voluntary Liquidation (CVL). We provide a fixed-fee quote after a free initial consultation, so you know the exact costs upfront.
Can I liquidate a company with no assets in Brecon?
Yes, you can liquidate a company with no assets, but it is often done through a Creditors Voluntary Liquidation (CVL) if the company is insolvent. If there are no assets to pay for the liquidation, the directors may need to consider alternative options like a members' voluntary liquidation (if solvent) or a strike-off. Our experts can advise on the most cost-effective solution for your situation.
What is the difference between CVL and compulsory liquidation in Brecon?
A Creditors Voluntary Liquidation (CVL) is initiated by the directors when the company is insolvent, and it is a voluntary process. Compulsory liquidation is a court-ordered process, usually triggered by a creditor's petition. In a CVL, you have more control over the choice of liquidator, whereas in compulsory liquidation, the Official Receiver or a court-appointed insolvency practitioner takes over.
How long does the liquidation process take in Brecon?
The typical timeline for a Creditors Voluntary Liquidation (CVL) in Brecon is between 6 to 12 months, but it can be longer if the company has complex assets or ongoing legal disputes. The process begins with a meeting of shareholders and creditors, followed by the liquidator's appointment. After that, the liquidator realises assets and distributes funds, which can take several months.
Can I be held personally liable for company debts after liquidation?
In most cases, directors are not personally liable for company debts if they have acted responsibly and within the law. However, if wrongful trading, fraudulent trading, or misfeasance is found, a liquidator can seek a court order to make directors personally contribute to the company's assets. Our liquidators help you avoid such risks by providing proper guidance throughout the process.
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