ACCOTAX - Accountants & Tax Consultants
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Numerii Ltd
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Yourtaxhelp
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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
EXPEDIENT ACCOUNTANCY
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The Bean Counters Accountants LLP
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BARNES MAYER LIMITED
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Taxeasy Ltd
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MAKESWORTH LIMITED
Makesworth
Accountants is an award-winning accountancy practice of Chartered
Certified Accountants tax and business advisors. We a...
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Hayes Accountants
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MARK SASTA & ASSOCIATES
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DOLAN ACCOUNTANCY LIMITED
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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
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
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
Not Just Bookkeeping Ltd
Friendly Consulting offers a wide range of consulting services for several indu...
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Frequently asked questions
What is the difference between a CVL and an MVL in Chalfont St Giles?
A Creditors' Voluntary Liquidation (CVL) is used when a company is insolvent and cannot pay its debts, whereas a Members' Voluntary Liquidation (MVL) is for solvent companies where directors wish to close the business voluntarily. In a CVL, creditors are involved in the process, while in an MVL, shareholders appoint the liquidator and creditors are paid in full. Our liquidators in Chalfont St Giles can advise which route is appropriate for your specific financial position.
How much does company liquidation cost in Chalfont St Giles?
The cost of liquidation varies depending on the complexity of the company's affairs, asset value, and number of creditors. For a CVL, typical fees range from £3,000 to £6,000 plus VAT, while an MVL may cost between £2,000 and £4,000. We offer fixed-fee packages with no hidden charges, and we provide a free consultation to give you an accurate quote before you commit.
Can directors of a Chalfont St Giles company be held personally liable for debts?
Directors are generally not personally liable for company debts if they have acted within the law and not traded wrongfully. However, if there is evidence of fraudulent trading, wrongful trading, or breach of fiduciary duty, personal liability may arise. Our liquidators can review your conduct and help you avoid potential claims, ensuring you comply with all legal obligations throughout the liquidation process.
How long does the liquidation process take in Chalfont St Giles?
A Creditors' Voluntary Liquidation typically takes between 6 to 12 months to complete, depending on the complexity of asset realisation and creditor claims. A Members' Voluntary Liquidation can be faster, often completing within 3 to 6 months. Our team works efficiently to expedite the process while ensuring all statutory requirements are met, keeping you informed at every stage.
What happens to employees when a company goes into liquidation in Chalfont St Giles?
When a company enters liquidation, employees are automatically made redundant from the date of the liquidation order. The liquidator will assist employees in claiming statutory redundancy pay, unpaid wages, and holiday pay from the National Insurance Fund. We also provide guidance on employee rights and help ensure that all necessary documentation is submitted to the Redundancy Payments Service.
Can I keep trading after my company enters liquidation?
No, once a company enters liquidation, the liquidator takes control of the company's affairs, and directors cease to have authority to trade. However, the liquidator may continue trading for a short period to complete contracts or sell assets, but this is under their control. If you wish to continue trading, we can explore alternative solutions like administration or a company voluntary arrangement (CVA) before liquidation is finalised.
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