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
TKI Bookkeeping & Accounts
Hello and welcome to my site, I am qualified by the The Institute of Certified Bookkeepers and have attained highest level qualification, Level 4 Dipl...See More
HUBBLE ACCOUNTANCY LTD
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Williamslester Brilliant Accounting Services
Our range of services are provided by fully qualified and experienced staff who always monitor, advise and review both new and existing clients. This ...See More
Kings Oak Accountancy
Accountants based in Bristol, Bath & Somerset providing accounting and tax services to small and medium size owner-managed businesses. Our services in...See More
KINGS OAK ACCOUNTANCY (SOMERSET) LTD
We are a small firm of Accountants based in Somerset. Michael is a fellow of the Chartered Institute of Management Accounting with over 30 years expe...See More
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MARLIS BOOKKEEPING & ACCOUNTANCY
The team comprises of Marion and Lisa, a mother and daughter combination, who offe...
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R Albert Accountancy Ltd
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Capital Accountancy - Accountants & Tax Advisors
WE at CAPITAL ACCOUNTANCY specialises in helping small-to-medium sized businesses, sole traders, contractors and landlords. We make sure you pay the r...See More
MRC Accounting Services
Providing accounting services and solutions
Modus Accountants Limited
Whether you are looking for advice, inspiration, accountancy services or all three, our integrated services will provide as much or as little su...See More
Naseems Accountants
Established in 1978, Naseems Accountants is a small but growing business with our clients doubled over the last decade. We honor ourselves in ou...See More
AMSTOR ACCOUNTANTS LIMITED
Amstor Accountants Limited T/A Premier Accountants, Auditors and Tax Advisers want to help you pay less tax and keep more of the profit your business ...See More
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Raven Solution
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ADD- WORTH ACCOUNTANCY LTD
Helping business owners make sense of their numbers. 30+ years of progressive finance and accounting experience in various industries. Offering expert...See More
Pharmatax
Pharmatax is a leading specialist in pharmacy accounting, offering tailored services that go beyond traditional bookkeeping. O...See More
Business Partners Accountants & Bookkeepers
An accounting firm for all your accounting and bookkeeping needs Business Partners Accountants & Bookkeepers is a reputable accounting firm serving so...See More
Matrix Accountancy Services
"Offering a friendly and professional service, I provide ongoing advice and support for every stage of your business journey. As an AAT Licensed Acc...See More
Frequently asked questions
What is the difference between voluntary and compulsory liquidation in Christchurch?
Voluntary liquidation is initiated by the company's shareholders or directors, often when the business is insolvent or the owners decide to close it. Compulsory liquidation is ordered by the court, usually after a creditor files a winding-up application. In both cases, a licensed liquidator is appointed to manage the process, but the trigger and level of court involvement differ.
How much does it cost to liquidate a company in Christchurch?
Costs vary depending on the complexity of the company's affairs, the number of assets and creditors, and whether any legal issues arise. Most liquidators offer fixed-fee quotes for straightforward solvent liquidations, while insolvent liquidations may be paid from the realisation of assets. We provide a free initial consultation to give you an accurate estimate.
Can directors be held personally liable during a company liquidation?
Yes, directors can be held personally liable if they have breached duties such as trading while insolvent, taking excessive director loans, or failing to keep proper records. A liquidator has a duty to investigate director conduct and may seek compensation or prohibit directors from managing companies if wrongdoing is found.
What happens to company employees when a Christchurch company goes into liquidation?
Employees are considered preferential creditors and are entitled to claim unpaid wages, holiday pay, and redundancy compensation from the liquidation process. The liquidator will terminate employment contracts upon appointment and assist employees with lodging claims with the relevant government bodies, such as the Employee Relations Authority.
How long does a company liquidation take in Christchurch?
A simple solvent liquidation can be completed in as little as three to six months, while an insolvent liquidation with complex asset recovery or legal disputes may take one to two years or longer. The timeline depends on the speed of asset sales, creditor responses, and any investigations required.
Can a company in Christchurch continue trading after a liquidator is appointed?
No, once a liquidator is appointed, the company ceases to trade immediately, except in very limited circumstances where the liquidator continues operations to preserve value or complete contracts. The liquidator takes control of all company assets and business activities, and directors lose their powers.
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