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
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
Stewart Accounting Services
Stewart Accounting Services, Chartered Accountants, is a CA firm with its main office in Alloa, Clackmannanshire. We also have offices in Falkirk and ...See More
Agility Bookkeeping
Agility Bookkeeping is a Xero online bookkeeping firm based in the UK having three offices in Glasgow, Stirling, and Edinburgh. Whether you are a new ...See More
IDEO BUSINESS SERVICES 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.
TaxKings Tax Made Simple
TaxKings work with owner managed businesses all over the UK. With off...
Breco Accounting Services
Client centered accountant concentrating on helping small businesses and individuals. Friendly Service, Competitive rates. Payroll Services, Vat Retur...See More
Tax Returns - London
At Cheap Tax Returns, we love to give a personalized touch to the service we provide. As an accountancy firm, we understand small business owners and ...See More
CloudBook Accountants Ltd
Since we were established in 2013, we have done everything online - from getting a quote to signing off your accounts. It's easier and quicker, so it ...See More
LFR Accounting
Accountancy and taxation services
TI Accountancy Limtied
TI Accountancy was established in 2002 by its owner Tracy Irwin, who grew the company organically through her hard work and determination to the Emplo...See More
Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...See More
Holdsworth Accountancy
We are a team of experienced, qualified accountants and bookkeepers providing professional services to individuals and businesses within Bradford and ...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
NIXON WILLIAMS LIMITED
Nixon Williams has been providing specialist accountancy services to contractors, freelancers, consultants and interim professionals throughout the UK...See More
MGM & CO. Chartered Certified Accountants
If you are looking for professional accountants offering a full range of accountancy and tax services to clients from across the UK, you have come to ...See More
Accounting 4 Ltd
Registered practice offering accountancy services from Bookkeeping, Payroll, Vat, Self Assessment, Small Limited Company accounts etc Qualified to AAT...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
Clarity Accountants
We work closely with our clients and act for a broad range of business and personal clients. Apart from the more general accountancy services we can a...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
Frequently asked questions
What is the difference between a Creditors' Voluntary Liquidation (CVL) and a Members' Voluntary Liquidation (MVL)?
A Creditors' Voluntary Liquidation (CVL) is used for insolvent companies where the company cannot pay its debts. It is initiated by the directors and involves a meeting of creditors to approve the liquidation. A Members' Voluntary Liquidation (MVL) is for solvent companies that have sufficient assets to pay all debts in full, typically used by directors who wish to extract retained profits in a tax-efficient manner. In an MVL, shareholders pass a declaration of solvency, and the process is overseen by a licensed insolvency practitioner.
How much does it cost to liquidate a company in Brough?
The cost of liquidation in Brough varies depending on the complexity of the company's affairs, the number of assets and creditors, and the type of liquidation. For a Creditors' Voluntary Liquidation (CVL), fees typically range from £4,000 to £8,000 plus VAT, and are often covered by the company's assets. For a Members' Voluntary Liquidation (MVL), fees are usually based on the time and work involved, often starting around £2,500. We always provide a fixed fee quote before you commit to any process.
What happens to company directors after liquidation?
After a company enters liquidation, the directors' powers cease, and the licensed insolvency practitioner takes control of the company's assets. Directors are not automatically banned from being directors of other companies, but they must cooperate fully with the liquidator. If there is evidence of misconduct, such as trading while insolvent or fraudulent activity, the liquidator may report the director to the Insolvency Service, which could lead to disqualification. In a standard CVL, most directors face no personal consequences if they have acted properly.
Can I liquidate a company with no assets or money?
Yes, it is possible to liquidate an insolvent company with no assets, but there are challenges. The liquidator's fees must be paid, and if the company has no assets, these fees may need to be funded by the directors personally or through an indemnity. In some cases, a Creditors' Voluntary Liquidation (CVL) can proceed with no assets if creditors agree to accept a distribution of nil, but the liquidator's costs must be covered. We can advise on the most cost-effective route, which may include a director's application for compulsory liquidation if the company cannot afford a CVL.
How long does the liquidation process take in Brough?
The length of the liquidation process depends on the type and complexity. A Creditors' Voluntary Liquidation (CVL) typically takes between 6 and 12 months to complete, after which the company is dissolved. A Members' Voluntary Liquidation (MVL) can be completed in as little as 6 to 9 months if all debts are paid and assets are distributed. However, if there are complex asset sales, legal disputes, or investigations, the process may take longer. Your liquidator will provide a realistic timeline at the start.
What are the alternatives to liquidation for a struggling company in Brough?
There are several alternatives to liquidation, including Company Voluntary Arrangements (CVA), administration, or informal arrangements with creditors. A CVA allows a company to repay debts over a period while continuing to trade. Administration provides a moratorium from creditor action while a restructuring is attempted. If the company is viable but cash-strapped, a turnaround plan or refinancing might be possible. Our advisors can assess your financial position and recommend the most suitable solution, which may not necessarily be liquidation.
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.