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
J. Jervis Accounting Services LTD
THE FINANCIAL MANAGEMENT CENTRE UK LTD
Online firm
ACCOUNTS 2U LIMITED
Our director, Howard Turner MAAT ATT, qualified as an accounting and taxation technician in 1995 after training with chartered accountants in Cheshire...See More
Oakes Accounting
Oakes Accounting specializes in providing tailor made accounting services, including bookkeeping, VAT and self assessment to small businesses.
MJF ACCOUNTANCY LIMITED
BROOKSON LIMITED
Why Brookson? There are plenty of reasons. We’re specialists at dealing with self-employed finances, and have been doing this for over 20 years, so we...See More
Sambhav Management Limited
Since 2012, we’ve offered clients the tools, resources and guidance necessary for all their accounting needs. Clients receive the personalized attenti...See More
C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
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
Athena Bookkeeping Services
Athena Accounting and Bookkeeping Services. ?Let us take good care of your finances giving you more time to focus on the day to day running of your bu...See More
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Norbury Bookkeeping Services
We offer a complete bookkeeping and computerized payroll service throughout Cheshire and South Manchester and are able to offer support for all financ...See More
PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...See More
MRC Accounting Services
Providing accounting services and solutions
GORILLA ACCOUNTING LIMITED
orilla Accounting was born after a group of specialist accountants with decades of experience amongst them, decided that accounting shouldn’t be a lab...See More
GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...See More
Holden Associates
Holden Associates are a family run business founded in 2002, we are located at V12, Merlin Park, a modern purpose-built office in Burscough, Lancashir...See More
Frequently asked questions
What is the role of a company liquidator in Drury Lane?
A company liquidator in Drury Lane is a licensed insolvency practitioner who manages the winding up of a company's affairs. Their role includes realising assets, paying creditors according to legal priority, investigating director conduct, and ensuring the company is formally dissolved. They act in the interests of creditors while advising directors on their duties and options throughout the process.
How much does company liquidation cost in Drury Lane?
The cost of liquidation in Drury Lane varies depending on the complexity of the case, the size of the company, and the number of creditors. For a Creditors' Voluntary Liquidation (CVL), fees typically range from £3,000 to £6,000 plus VAT, but we provide a fixed-fee quote after an initial assessment. We always explain all costs upfront so there are no hidden charges.
Can directors be held personally liable for company debts during liquidation?
Directors can be held personally liable if they have acted wrongfully, such as trading while insolvent without reasonable prospect of recovery, or if they have breached their fiduciary duties. However, if directors cooperate fully with the liquidator and follow proper procedures, personal liability is rare. Our advisors help you avoid pitfalls and protect your position.
What is the difference between compulsory and voluntary liquidation?
Voluntary liquidation (CVL) is initiated by the company's directors and shareholders when they decide the company is insolvent. Compulsory liquidation is forced by a court order, usually after a creditor petitions for winding up. In a CVL, the company chooses the liquidator, whereas in compulsory liquidation, the Official Receiver or a court-appointed practitioner takes control.
How long does the liquidation process take in Drury Lane?
A typical Creditors' Voluntary Liquidation in Drury Lane takes between 6 to 12 months to complete, depending on the complexity of asset realisation and creditor claims. Compulsory liquidation can take longer, especially if investigations are required. Your liquidator will provide a timeline at the outset and keep you updated on progress.
What happens to employees when a company goes into liquidation?
When a company enters liquidation, employees are automatically dismissed from the date the liquidation order is made or the resolution is passed. The liquidator will handle redundancy claims, which may be paid from the National Insurance Fund if the company cannot afford them. Employees should contact the liquidator to submit claims for unpaid wages, holiday pay, and notice pay.
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