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
OVAL ACCOUNTANTS LTD
Your Bookkeeping, Accounting And Self Assessment Experts, Here To Bring You The Highest Standard Of Service.
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
APRC Accountants
We are a forward thinking firm of Chartered, Certified Public Accountants & Tax Advisers and Chartered Payroll Professionals established in 2005 in th...See More
Cruse+Burke
As one of the leading accountants in Croydon, we are forward thinking in the way we approach your business requirements and the way we give you except...See More
Owadally & Kings Partnership
At O&K we aspire to be one of the most forward thinking accountancy firms in Croydon. Our dedicated in-house team, and external specialists, based in ...See More
Cruse + Burke
As one of the leading accountants in Croydon, we are forward thinking in the way we approach your business requirements and the way we give you except...See More
Taxaccolega Chartered Accountants & Tax Advisers
As one of the brightest firms of chartered accountants in London, UK, Taxaccolega, based in Croydon, combines the passion and creative thinking of a s...See More
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
Central London Accountants
We are proud partners of leading software provider firm Xero, and we can help if you require Xero Accountants in London, Xero training, or need remote...See More
Cheap - Accountants
As a small business owner, your main focus is to work on your business strengths to help it grow, and you can’t just achieve it through juggling every...See More
London Accountants
We have been providing a range of tailored accounting and taxation services to individuals as well as small and medium sized businesses. See More
Abu Umar & Co.
Welcome to Abu Umar & Co. We are a small Accounting firm, based in London, We specialize in dealing with all accounting problems. As we have been o...See More
EFJ CONSULTING LTD
We are the firm of Chartered Certified Accountants based in London. We provide professional and practical help with all aspects of accountancy and tax...See More
Coman And Co Ltd
Chartered Tax Advisers and Chartered Certified Accountants, we offer assistance with tax return compliance and specialist tax consultancy services for...See More
Fitzgeralds Accountants Limited
We are a well established firm of accountants and tax advisors based in South West London, dealing with small businesses and high net worth individual...See More
Frequently asked questions
What is the difference between Creditors' Voluntary Liquidation and Members' Voluntary Liquidation?
Creditors' Voluntary Liquidation (CVL) is used for insolvent companies where the company cannot pay its debts, and the directors decide to wind up voluntarily to avoid compulsory liquidation. Members' Voluntary Liquidation (MVL) is for solvent companies that have surplus assets and wish to close down, often for tax efficiency. In an MVL, directors make a statutory declaration of solvency, and the process is typically faster and less formal than a CVL.
How much does company liquidation cost in Chalvington?
The cost of company liquidation varies based on the complexity of the case, the size of the company, and the type of liquidation required. For a simple Members' Voluntary Liquidation, fees can range from £1,500 to £3,000 plus VAT. For a Creditors' Voluntary Liquidation, fees are often higher, typically starting around £4,000, but they are usually paid from the company's assets. We provide transparent, fixed-fee quotes before you commit, so you know exactly what to expect.
How long does the liquidation process take in Chalvington?
The duration depends on the type of liquidation and the company's circumstances. A Members' Voluntary Liquidation can often be completed within 6 to 9 months, as it involves a formal declaration and final meeting of members. A Creditors' Voluntary Liquidation may take longer, often 12 to 18 months, because it requires a meeting of creditors, investigation of affairs, and realisation of assets. Complex cases with disputes or uncollected debts can extend the timeline.
Can I continue to trade my company while it is being liquidated?
Once a liquidation order is made, the liquidator takes control of the company, and directors lose their powers to trade. However, in a Creditors' Voluntary Liquidation, the company may continue to trade for a short period before the creditors' meeting if it is in the best interests of creditors, but only with the liquidator's approval. In an MVL, trading must cease once the resolution to wind up is passed. It is illegal to trade while insolvent without proper procedures, so always seek advice early.
What are the responsibilities of a director during liquidation?
Directors have a duty to cooperate fully with the liquidator, providing all company records, financial statements, and information about assets and liabilities. They must also attend interviews if required and disclose any preferential payments or transactions made before liquidation. Directors must not hide assets or destroy records, as this can lead to personal liability, disqualification, or even criminal prosecution. Our liquidators guide you through your obligations to ensure compliance.
Will I be personally liable for company debts after liquidation?
In most cases, directors of a limited company are not personally liable for company debts, as the company is a separate legal entity. However, personal liability can arise if you have given personal guarantees, traded while insolvent (wrongful trading), or acted fraudulently. The liquidator will investigate your conduct, and if any misconduct is found, you may be required to contribute to company assets. Our team helps you understand and mitigate these risks.
About Accounting Firms
AccountingFirms.co.uk is the UK's dedicated accountant comparison website, helping individuals, sole traders, landlords, startups, and SMEs instantly compare accountancy and tax fees from trusted UK accounting firms.
Find and connect with qualified accountants, tax advisers, bookkeepers, and business advisers using advanced search filters, verified profiles, and genuine reviews aggregated from Google, Trustpilot, Yelp, and other trusted platforms.
Over 26,000+ UK Accountants in One Place
Explore the UK's largest independent directory of accountants regulated by professional bodies including ICAEW, ACCA, AAT, CIMA, CIPFA, AIA, IFA, and other recognised UK accountancy bodies.
Affordable Online Accounting Services
Buy fixed-fee accounting packages online with confidence. Services are delivered by experienced UK-qualified accountants and tax advisers, covering:
A Marketplace for Accountants
For accounting firms, AccountingFirms.co.uk is more than a directory. It's a powerful lead generation platform, accountant marketplace, and business growth hub, helping practices attract new clients, increase online visibility, generate qualified leads, and win more accounting and taxation work across the UK.