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
Turner Barratt
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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
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
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
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
Direct Assist accountants Ltd is one of the fastest growing chartered accountants firm serving businesses and individuals from different industries fr...See More
TITUS ACCOUNTS LTD
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Modus Accountants Limited
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EXPEDIENT ACCOUNTANCY
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Hayes Accountants
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MINT FORMATIONS LTD
We have over 100 years of combined industry experience, having worked with hundreds of startups and small businesses in every industry imaginable. We ...See More
Numerii Ltd
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City Tax London
City Tax London provides unparalleled personalized accounting services and th...
Yourtaxhelp
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DOLAN ACCOUNTANCY LIMITED
If our name sounds familiar, don’t be surprised. Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. A...See More
Taxeasy Ltd
TaxEasy Ltd is an experienced and proactive firm of certified accountants and bookkeepers offering high quality accounting services to clients through...See More
MAKESWORTH LIMITED
Makesworth
Accountants is an award-winning accountancy practice of Chartered
Certified Accountants tax and business advisors. We a...
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Frequently asked questions
What is the difference between a solvent and insolvent liquidation in Caversham?
A solvent liquidation, known as a Members' Voluntary Liquidation (MVL), is used when a company is financially healthy and directors want to close it, often for tax efficiency. An insolvent liquidation, or Creditors' Voluntary Liquidation (CVL), is for companies that cannot pay their debts, where a liquidator realizes assets to repay creditors.
How much do company liquidators in Caversham charge?
Fees vary based on the complexity of the liquidation, the size of the company, and its asset base. Most liquidators offer a fixed fee for straightforward cases, but additional costs may arise for complex asset realization or legal issues. We provide a free, no-obligation quote after an initial assessment.
Can I keep trading while my company is in liquidation?
Once a liquidation order is made, the liquidator takes control of the company and trading must cease immediately, except for actions required to preserve asset value. However, before liquidation, you can continue trading as long as you do not incur further debts that cannot be repaid, as this could lead to wrongful trading claims.
What are the legal responsibilities of directors during a liquidation?
Directors must cooperate fully with the liquidator, provide all company records and financial information, and disclose any preferential payments or transactions made in the period before liquidation. Failure to comply can result in personal liability, disqualification, or even criminal prosecution.
How long does the liquidation process take in Caversham?
A straightforward Creditors' Voluntary Liquidation typically takes 6 to 12 months to complete, depending on asset sales and creditor claims. A Members' Voluntary Liquidation can be faster, often 3 to 6 months, if all debts are settled and assets distributed quickly.
What happens to employees when a company goes into liquidation?
Employees are made redundant immediately when a liquidator is appointed. They may be able to claim unpaid wages, holiday pay, and redundancy pay from the National Insurance Fund (via the Redundancy Payments Service). The liquidator provides each employee with the necessary forms and guidance.
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