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
MJF ACCOUNTANCY LIMITED
Oakes Accounting
Oakes Accounting specializes in providing tailor made accounting services, including bookkeeping, VAT and self assessment to small businesses.
C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
BROOKSON LIMITED
Why Brookson? There are plenty of reasons. We’re specialists at dealing with self-employed finances, and have been doing this for over 20 years, so we...See More
Holden Associates
Holden Associates are a family run business founded in 2002, we are located at V12, Merlin Park, a modern purpose-built office in Burscough, Lancashir...See More
GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More
ACCOUNTS 2U LIMITED
Our director, Howard Turner MAAT ATT, qualified as an accounting and taxation technician in 1995 after training with chartered accountants in Cheshire...See More
J. Jervis Accounting Services LTD
THE FINANCIAL MANAGEMENT CENTRE UK LTD
Online firm
PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...See More
Athena Bookkeeping Services
Athena Accounting and Bookkeeping Services. ?Let us take good care of your finances giving you more time to focus on the day to day running of your bu...See More
Sambhav Management Limited
Since 2012, we’ve offered clients the tools, resources and guidance necessary for all their accounting needs. Clients receive the personalized attenti...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
GORILLA ACCOUNTING LIMITED
orilla Accounting was born after a group of specialist accountants with decades of experience amongst them, decided that accounting shouldn’t be a lab...See More
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...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
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Norbury Bookkeeping Services
We offer a complete bookkeeping and computerized payroll service throughout Cheshire and South Manchester and are able to offer support for all financ...See More
Frequently asked questions
What is the role of a company liquidator in Bromborough?
A company liquidator in Bromborough is a licensed insolvency practitioner who manages the formal closure of a company. Their role includes realising company assets, settling creditor claims, investigating the company's affairs, and distributing any remaining funds to shareholders. They ensure the process complies with UK insolvency law and help directors understand their duties and responsibilities throughout the liquidation.
How much does company liquidation cost in Bromborough?
The cost of company liquidation in Bromborough varies depending on the complexity of the case, the size of the company, and whether it is a solvent or insolvent liquidation. For a Creditors Voluntary Liquidation (CVL), fees typically range from £3,000 to £7,000 plus VAT, but this can be higher for larger companies. A Members Voluntary Liquidation (MVL) often costs between £2,500 and £5,000. We provide a fixed-fee quote after a free initial consultation.
What is the difference between solvent and insolvent liquidation?
Solvent liquidation, known as Members Voluntary Liquidation (MVL), is used when a company is solvent and can pay its debts in full within 12 months. It is often used for tax planning when closing a profitable business. Insolvent liquidation, such as Creditors Voluntary Liquidation (CVL), is for companies that cannot pay their debts. In a CVL, the liquidator sells assets to pay creditors, and shareholders typically receive nothing.
Can I continue trading after my company enters liquidation?
No, once a company enters liquidation, the liquidator takes control and trading must cease immediately, except in very limited circumstances where the liquidator continues trading to preserve asset value. As a director, you lose control of the company, and your powers are suspended. It is essential to seek professional advice before making any decisions to avoid wrongful trading claims.
What are the legal obligations of directors during liquidation?
Directors have a legal duty to act in the best interests of creditors once insolvency is likely. During liquidation, you must cooperate fully with the liquidator, provide all company records and financial information, and disclose any transactions that may be considered preferential or at undervalue. Failure to comply can lead to personal liability, disqualification, or even criminal prosecution.
How long does the liquidation process take in Bromborough?
The duration of liquidation in Bromborough depends on the complexity of the case. A straightforward Creditors Voluntary Liquidation (CVL) can be completed in 6 to 12 months, but more complex cases involving asset realisation or legal disputes may take longer. A Members Voluntary Liquidation (MVL) typically concludes within 6 to 9 months. Your liquidator will provide a realistic timeline after the initial assessment.
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