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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

Numerii Ltd
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SJD ACCOUNTANCY LIMITED
SJD Accountancy is the UK’s largest specialist provider of fixed fee, limited company accountancy services to contractors and freelancers; we’ve been ...See More

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

DOLAN ACCOUNTANCY LIMITED
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Yourtaxhelp
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DIrect Assist accountants Ltd
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MAKESWORTH LIMITED
Makesworth
Accountants is an award-winning accountancy practice of Chartered
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The Bean Counters Accountants LLP
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EXPEDIENT ACCOUNTANCY
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Taxeasy Ltd
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BARNES MAYER LIMITED
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MARK SASTA & ASSOCIATES
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Hayes Accountants
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City Tax London
City Tax London provides unparalleled personalized accounting services and th...

KUBED SOLUTIONS LIMITED
Gouri Kubair, the founding director of the business has over a decade of experience in the field of accountancy. Including 8 years in Deloitte, ...See More

TAA CONSULTANTS LTD
TAA Consultants- Super Accountants 69201 - Accounting and auditing activities 69202 - Bookkeeping activities

BLUEBIRD ACCOUNTANCY LIMITED
Bluebird Accountancy was created with the needs of modern day contractors and freelancers like you in mind. With modern day accountancy software makin...See More

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
Frequently asked questions
What are the signs that my company in Chalfont needs liquidation?
Key signs include persistent cash flow problems, inability to pay suppliers or employees on time, statutory demands from creditors, winding-up petitions, or HMRC enforcement action. If your liabilities exceed assets and recovery seems unlikely, seeking professional advice early is critical. Directors may be personally liable for wrongful trading if they continue trading while insolvent.
How much does company liquidation cost in Chalfont?
Liquidation costs vary based on company complexity, asset value, and creditor numbers. For a Creditors' Voluntary Liquidation, typical fees range from £3,000 to £6,000 plus VAT, which are paid from company assets. If assets are insufficient, directors may need to fund costs personally. We provide transparent fixed-fee quotes before commencement.
Can I continue trading while my company is being liquidated?
No. Once a liquidation order is made or a CVL is approved, trading must cease immediately, except for actions necessary to preserve asset value or complete work in progress. The appointed liquidator takes control of the company. Continuing to trade after insolvency can lead to personal liability for debts incurred.
What is the difference between a CVL and compulsory liquidation?
A Creditors' Voluntary Liquidation (CVL) is initiated by directors and shareholders when the company is insolvent but no court order is required. Compulsory liquidation is forced by creditors through a court winding-up order. A CVL gives directors more control over the process and often results in better outcomes for creditors.
What happens to my company's employees during liquidation?
All employees are automatically made redundant upon liquidation. The liquidator handles statutory redundancy payments, unpaid wages, holiday pay, and pension contributions. Employees can claim these from the National Insurance Fund (via the Redundancy Payments Service). The liquidator provides necessary documentation for claims.
Can I be held personally liable for company debts in liquidation?
Generally, limited liability protects directors from personal liability. However, liability may arise if you gave personal guarantees, engaged in wrongful trading, fraudulent activity, or misused company funds. Our advisors help you understand your exposure and take steps to mitigate risk before liquidation proceedings begin.
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