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
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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
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
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
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
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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
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
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
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
Bell Stanley Accountants
Welcome to Bell Stanley Accountants page.
Capital Accountancy - Accountants & Tax Advisors
WE at CAPITAL ACCOUNTANCY specialises in helping small-to-medium sized businesses, sole traders, contractors and landlords. We make sure you pay the r...See More
Frequently asked questions
What is the role of a company liquidator in Bristol?
A company liquidator is a licensed insolvency practitioner who takes control of a company that is being wound up. Their primary role is to realise the company's assets, settle outstanding debts with creditors in the correct legal order, investigate the company's affairs, and ultimately dissolve the company from the Companies House register. They act in the best interests of all creditors and ensure the liquidation process complies with UK insolvency law.
What is the difference between a CVL and an MVL?
A Creditors Voluntary Liquidation (CVL) is used for an insolvent company that cannot pay its debts, where directors choose to wind up the business to avoid compulsory liquidation. A Members Voluntary Liquidation (MVL) is for a solvent company where shareholders decide to close the business, often for tax efficiency, and the company can pay all its debts in full within 12 months. Both require a licensed insolvency practitioner, but the processes and outcomes differ significantly.
How much does it cost to liquidate a company in Bristol?
The cost of liquidation varies depending on the complexity of the company's affairs, the number of assets, and the level of creditor involvement. For a simple CVL, fees can range from £4,000 to £8,000 plus VAT, while an MVL may cost less. However, the liquidator's fees are typically paid from the company's assets, not from the director's personal funds, provided there are sufficient assets. We always provide a fixed-fee quote upfront after a free consultation.
Can a director be held 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 directors have acted wrongfully, such as trading while insolvent, breaching fiduciary duties, or giving personal guarantees. A liquidator investigates director conduct and can pursue claims for misfeasance or wrongful trading if evidence is found. Seeking professional advice early can help mitigate these risks.
What happens to employees when a company enters liquidation in Bristol?
When a company enters liquidation, employees are automatically made redundant from the date the liquidation order is made. The liquidator becomes responsible for their employment matters. Employees may be entitled to claim statutory redundancy pay, unpaid wages, holiday pay, and notice pay from the National Insurance Fund (via the Redundancy Payments Service) if the company cannot pay. The liquidator provides employees with the necessary forms (RP1) to make these claims.
How long does the liquidation process take in Bristol?
The duration of a liquidation depends on the complexity of the case. A simple CVL or MVL can often be completed in 6 to 12 months, but this is not guaranteed. The liquidator must first collect and sell assets, agree claims with creditors, and distribute funds. After that, a final meeting is held, and the company is formally dissolved, which usually occurs within 3 months of the final meeting. Complex cases with asset recovery or litigation can take several years.
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