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
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...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
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...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
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
GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...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
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
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
Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...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
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
Holdsworth Accountancy
We are a team of experienced, qualified accountants and bookkeepers providing professional services to individuals and businesses within Bradford and ...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
MJF ACCOUNTANCY LIMITED
Frequently asked questions
What is the role of a company liquidator in Bury?
A company liquidator in Bury is a licensed insolvency practitioner who manages the formal closure of a company. Their role includes selling company assets, settling outstanding debts with creditors, investigating the company's financial affairs, and ensuring legal compliance. They also handle employee redundancies, director loan accounts, and final distribution of any remaining funds to shareholders. The liquidator acts in the best interests of creditors while ensuring directors follow proper procedures.
How much does company liquidation cost in Bury?
The cost of company liquidation in Bury varies depending on the complexity of the case, the number of creditors, and the size of the company. Typically, Creditors' Voluntary Liquidation (CVL) fees range from £3,000 to £7,000 plus VAT, but many firms offer fixed-fee packages. Members' Voluntary Liquidation (MVL) for solvent companies may cost between £2,000 and £5,000. Always request a written quote before instructing a liquidator, and check that all disbursements are included.
What is the difference between a CVL and an MVL in Bury?
A Creditors' Voluntary Liquidation (CVL) is used for insolvent companies that cannot pay their debts. It is initiated by directors and results in the company being wound up, with assets distributed to creditors. A Members' Voluntary Liquidation (MVL) is for solvent companies that have sufficient assets to pay all debts in full. MVL is often used for tax planning purposes, allowing shareholders to access capital gains treatment rather than income tax on retained profits.
Can I liquidate a company myself without a liquidator in Bury?
No, you cannot liquidate a company yourself if it is insolvent. Only a licensed insolvency practitioner can act as a liquidator for a formal liquidation process such as a CVL or MVL. Attempting to close a company without proper insolvency proceedings can lead to personal liability for directors, including claims for wrongful trading or misfeasance. Always seek professional advice from a licensed liquidator in Bury to ensure legal compliance and protection.
What happens to employees when a company is liquidated in Bury?
When a company enters liquidation in Bury, all employees are automatically dismissed from the date the liquidation order is made. The liquidator is responsible for ensuring employees receive their statutory redundancy pay, unpaid wages, holiday pay, and notice pay. These claims are preferential debts and are typically paid from the National Insurance Fund (via the Redundancy Payments Service) if the company lacks assets. Employees should contact the liquidator for claim forms.
How long does a company liquidation take in Bury?
The duration of a company liquidation in Bury depends on the type and complexity. A Creditors' Voluntary Liquidation (CVL) typically takes 6 to 12 months to complete, but simple cases may finish in 3 to 6 months. A Members' Voluntary Liquidation (MVL) can be completed in 3 to 4 months if all assets are realised quickly. However, if there are complex asset sales, litigation, or disputed claims, the process can extend beyond 12 months.
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