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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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
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
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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MARLIS BOOKKEEPING & ACCOUNTANCY
The team comprises of Marion and Lisa, a mother and daughter combination, who offe...
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
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
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...
Bell Stanley Accountants
Welcome to Bell Stanley Accountants page.
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
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
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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
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
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
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
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
Frequently asked questions
What is the process for company liquidation in Burnham-on-Sea?
The process typically begins with a confidential consultation with a licensed insolvency practitioner. For a Creditors Voluntary Liquidation (CVL), directors pass a resolution to wind up the company, then convene a meeting of creditors to approve the liquidation. The appointed liquidator takes control of assets, investigates the company's affairs, and distributes proceeds to creditors. The process usually takes 6-12 months, depending on complexity.
How much does it cost to liquidate a company in Burnham-on-Sea?
For a Creditors Voluntary Liquidation, our fees are typically fixed and range from £3,000 to £6,000 plus VAT, depending on the company's size and complexity. The fee is paid from the company's assets, not from directors' personal funds. If there are no assets, directors may need to fund the liquidation personally, but we offer payment plans and transparent quotes upfront.
Can directors be held personally liable for company debts during liquidation?
Directors can be personally liable if they traded while insolvent (wrongful trading), misused company funds, or breached fiduciary duties. However, if you act in good faith and seek professional advice early, liability is rare. Our liquidators help you document decisions and ensure compliance to minimise personal risk.
What happens to employees when a company is liquidated?
Employees are made redundant upon liquidation. They become preferential creditors for unpaid wages (up to statutory limits), holiday pay, and pension contributions. The liquidator will guide employees on claiming from the Redundancy Payments Service for statutory entitlements. We ensure employees are informed promptly and their claims are processed correctly.
Can I strike off a company instead of liquidating it?
Yes, but only if the company is solvent and has not traded in the last three months. You must settle all debts and obtain a 'no objection' from HMRC and other creditors. If the company is insolvent, striking off is not legally permitted, and you must use formal liquidation to avoid penalties and director disqualification.
How long does a company liquidation take to complete in Burnham-on-Sea?
The timeline varies. A straightforward Creditors Voluntary Liquidation can be completed in 6 to 9 months, while more complex cases with asset realisation or investigations may take 12 to 18 months. We provide a realistic timeline after the initial assessment and keep creditors informed throughout the process.
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