ACCOTAX - Accountants & Tax Consultants
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Kings Oak Accountancy
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KINGS OAK ACCOUNTANCY (SOMERSET) LTD
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HUBBLE ACCOUNTANCY LTD
This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.
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TKI Bookkeeping & Accounts
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Modus Accountants Limited
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Williamslester Brilliant Accounting Services
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SG CONTRACTOR ACCOUNTING LIMITED
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DEAD SIMPLE ACCOUNTING LTD
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Financial Claims Consultants
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Purnells - Licensed Insolvency Practitioners
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MARLIS BOOKKEEPING & ACCOUNTANCY
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Turner Barratt
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Accounting etc. limited
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ADD- WORTH ACCOUNTANCY LTD
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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
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BARNES MAYER LIMITED
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R Albert Accountancy Ltd
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Frequently asked questions
What are the main types of company liquidation available in Corsham?
The main types are Creditors Voluntary Liquidation (CVL) for insolvent companies, Members Voluntary Liquidation (MVL) for solvent companies, and Compulsory Liquidation which is court-ordered. Our Corsham liquidators will assess your financial status to recommend the most suitable procedure.
How long does a company liquidation take in Corsham?
A Creditors Voluntary Liquidation typically takes between 6 to 12 months to complete, depending on the complexity of the company's affairs, asset realisation, and creditor claims. Members Voluntary Liquidation can sometimes be concluded faster, often within 3 to 6 months, if all assets are easily liquidated.
Can a director in Corsham avoid personal liability during liquidation?
Yes, if you have acted in good faith and fulfilled your statutory duties, liquidation can protect you from personal liability for company debts. However, wrongful trading or fraudulent activity can lead to personal responsibility. Our liquidators in Corsham provide guidance to ensure you comply with all legal requirements and minimise risks.
What are the costs involved in appointing a company liquidator in Corsham?
Costs vary based on the complexity of the liquidation, asset value, and the work required. For CVL, fees are often based on a percentage of realisations or time spent, but we offer fixed-fee options for straightforward cases. An initial free consultation helps you understand all potential costs upfront with no hidden charges.
What happens to employees when a company goes into liquidation in Corsham?
Employees are automatically made redundant once a liquidation order is made. They may be entitled to claim redundancy pay, unpaid wages, holiday pay, and other statutory payments from the National Insurance Fund. Our liquidators in Corsham will guide you through employee notification and help them with their claims.
Can I continue trading after my company enters liquidation in Corsham?
No, once a liquidation order is made, the liquidator takes control of the company's affairs, and directors lose their powers to trade. However, the liquidator may continue trading temporarily to sell assets or complete contracts, but this is under their supervision and for the benefit of creditors.
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