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
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
TITUS ACCOUNTS LTD
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Accounting etc. limited
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Turner Barratt
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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
DIrect Assist accountants Ltd
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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
The Bean Counters Accountants LLP
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Hayes Accountants
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EXPEDIENT ACCOUNTANCY
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MINT FORMATIONS LTD
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Financial Partnership London
The Financial Partnership LLP, London, is a young, dynamic and innovative firm of Accountants & Business Advisors who can help improve the performance...See More
Yourtaxhelp
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Taxeasy Ltd
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Tax Cruncher
Tax Cruncher is an online accounting &Tax consulting firm serving clients nationwide. Our aim is to help SMEs to grow their business by crunching thei...See More
Marden & Co Accountants Ltd
We are a two partner accountancy practice based in Epsom, serving Sutton, Banstead, Reigate, Dorking & across Surrey. We provide professional accounta...See More
Numerii Ltd
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Frequently asked questions
What is the difference between a CVL and an MVL in Camberley?
A Creditors' Voluntary Liquidation (CVL) is used when a company is insolvent, meaning it cannot pay its debts as they fall due. An MVL is for solvent companies where directors wish to close the business and distribute surplus assets to shareholders. In a CVL, creditors are repaid from available assets, while in an MVL, shareholders receive the remaining funds after all liabilities are settled. Our liquidators in Camberley will assess your company's financial position and recommend the correct procedure.
How much does a company liquidation cost in Camberley?
The cost of liquidation varies depending on the complexity of the company's affairs, the number of assets, and the level of creditor involvement. For a typical CVL, fees can range from £3,000 to £6,000 plus VAT, but we offer fixed-fee packages with no hidden charges. MVL costs are often lower, starting from around £1,500. We provide a detailed quote after a free initial consultation, ensuring you understand all costs upfront before proceeding.
Can directors be held personally liable for company debts in Camberley?
Generally, directors are not personally liable for company debts if they have acted within the law. However, personal liability can arise if you have given personal guarantees, traded wrongfully (continuing to trade while knowing the company is insolvent), or breached fiduciary duties. Our liquidators can review your conduct and advise on potential risks. We help you take corrective action to minimise exposure and protect your personal assets.
How long does the liquidation process take in Camberley?
A CVL typically takes between 6 and 12 months to complete, depending on the complexity of asset realisation and creditor claims. An MVL can be completed in as little as 3 to 6 months. The process involves filing statutory forms, notifying creditors, and finalising accounts. Our team works efficiently to close your company as quickly as possible, keeping you informed at every stage.
What happens to employees when a company goes into liquidation in Camberley?
When a company enters liquidation, employees are automatically dismissed from the date of the liquidation order. They may be entitled to claim redundancy pay, unpaid wages, holiday pay, and other statutory payments from the National Insurance Fund (via the Redundancy Payments Service). Our liquidators will provide employees with the necessary claim forms and guidance to ensure they receive their entitlements promptly.
Can I continue trading after liquidating my company in Camberley?
No, once a company enters liquidation, it ceases to trade immediately. The liquidator takes control of the company's assets and affairs. However, you may start a new business, but you must be cautious about using a similar name or 'phoenix' trading rules. Under the Insolvency Act, restrictions apply to re-using the same or similar company name within 12 months. We advise on legal compliance to avoid penalties.
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