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
Financial Claims Consultants
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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
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...
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
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
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
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QUENTELA ACCOUNTING LIMITED
Quentela Accounting is a family run accountancy practise based in Wokingham, Berkshire. We are a small business but with an emphasis on BIG commitment...See More
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HUBBLE ACCOUNTANCY LTD
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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
TITUS ACCOUNTS LTD
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BARNES MAYER LIMITED
Barnes Mayer Ltd is an independent, family run business providing accounting and taxation services throughout Maidenhead, Berkshire and Buckinghamshir...See More
The Bean Counters Accountants LLP
Established in 2011, The Bean Counters Accountants is a growing accounting firm in Maidenhead which specializes in cloud accounting and bookkeeping, p...See More
DIrect Assist accountants Ltd
Direct Assist accountants Ltd is one of the fastest growing chartered accountants firm serving businesses and individuals from different industries fr...See More
OVAL ACCOUNTANTS LTD
Your Bookkeeping, Accounting And Self Assessment Experts, Here To Bring You The Highest Standard Of Service.
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
Hayes Accountants
Hayes Accountancy is your local accountancy service provider & part of the group BNW Accountants & Tax Consultants. We offer high-quality accounting a...See More
Frequently asked questions
What is the role of a company liquidator in Burley?
A company liquidator in Burley is a licensed insolvency practitioner who manages the winding up of a company's affairs. Their role includes selling company assets, settling debts with creditors, investigating director conduct, and distributing any remaining funds to shareholders. They also ensure all legal and statutory requirements are met, and provide advice to directors throughout the process to ensure compliance with the Insolvency Act 1986.
How much does company liquidation cost in Burley?
The cost of liquidation in Burley varies depending on the complexity of the company's finances and the type of liquidation required. For a Creditors Voluntary Liquidation (CVL), fees typically range from £3,000 to £6,000 plus VAT, but many firms offer fixed fees. For a solvent Members Voluntary Liquidation (MVL), costs are often between £2,500 and £5,000. Always request a detailed quote before engaging a liquidator.
What is the difference between CVL and MVL?
A Creditors Voluntary Liquidation (CVL) is used when a company is insolvent and cannot pay its debts. It is initiated by directors and involves appointing a liquidator to manage the closure, with creditors having a say. A Members Voluntary Liquidation (MVL) is for solvent companies where directors can declare solvency, and it allows for tax-efficient distribution of assets to shareholders. The choice depends on your financial position.
Can I liquidate my company myself in Burley?
No, you cannot liquidate a company yourself in the UK. Liquidation must be carried out by a licensed insolvency practitioner (IP) who is authorised by a recognised professional body. Attempting to strike off the company without proper liquidation can lead to legal issues, including personal liability for debts. A qualified liquidator ensures the process is lawful and protects directors from potential penalties.
What happens to employees during company liquidation in Burley?
When a company enters liquidation, employees are automatically made redundant. The liquidator takes over responsibility for employee claims, including unpaid wages, holiday pay, and redundancy pay. Employees may be able to claim certain payments from the National Insurance Fund (via the Redundancy Payments Service) if the company lacks funds. The liquidator will guide employees through the claims process.
How long does the liquidation process take in Burley?
The duration of liquidation in Burley depends on the type and complexity. A Creditors Voluntary Liquidation (CVL) typically takes 6 to 12 months to complete, including the investigation and asset realisation. A Members Voluntary Liquidation (MVL) can be completed in as little as 3 to 6 months if the company is straightforward. Complex cases with disputes or litigation may take longer.
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