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
LFR Accounting
Accountancy and taxation services
CloudBook Accountants Ltd
Since we were established in 2013, we have done everything online - from getting a quote to signing off your accounts. It's easier and quicker, so it ...See More
Tax Returns - London
At Cheap Tax Returns, we love to give a personalized touch to the service we provide. As an accountancy firm, we understand small business owners and ...See More
Sabre Accountants
Sabre Accountants have built up a fantastic reputation as a trustworthy, affordable & reliable accountancy service. We provide accountancy services a...See More
Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...See More
Holdsworth Accountancy
We are a team of experienced, qualified accountants and bookkeepers providing professional services to individuals and businesses within Bradford and ...See More
MGM & CO. Chartered Certified Accountants
If you are looking for professional accountants offering a full range of accountancy and tax services to clients from across the UK, you have come to ...See More
TI Accountancy Limtied
TI Accountancy was established in 2002 by its owner Tracy Irwin, who grew the company organically through her hard work and determination to the Emplo...See More
LLOYDS ACCOUNTANTS LTD
We offer accounts, taxation and business advisory and support services to a wide range of businesses and individuals, nationwide. We continue to build...See More
Accounting 4 Ltd
Registered practice offering accountancy services from Bookkeeping, Payroll, Vat, Self Assessment, Small Limited Company accounts etc Qualified to AAT...See More
Clarity Accountants
We work closely with our clients and act for a broad range of business and personal clients. Apart from the more general accountancy services we can a...See More
NIXON WILLIAMS LIMITED
Nixon Williams has been providing specialist accountancy services to contractors, freelancers, consultants and interim professionals throughout the UK...See More
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
See More
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...See More
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
PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...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
Frequently asked questions
What are the signs that my Durham company needs liquidation?
Key signs include persistent cash flow problems, inability to pay debts as they fall due, creditor demands or winding-up petitions, statutory demands from HMRC, and falling asset values. If you are trading while insolvent, you risk personal liability for wrongful trading. Our liquidators in Durham can assess your position confidentially and advise whether liquidation or an alternative like administration is appropriate.
How much does company liquidation cost in Durham?
Costs vary based on company complexity, asset values, and creditor structure. For a Creditors Voluntary Liquidation (CVL), fees typically range from £3,000 to £6,000 plus VAT and disbursements, but we offer fixed-fee arrangements with no hidden extras. Members Voluntary Liquidation (MVL) for solvent companies is often cheaper. We provide a free quote after reviewing your accounts and liabilities.
Can I liquidate a company with no assets or money?
Yes, you can. If your company has no assets and cannot pay liquidation costs, directors may need to consider a Creditors Voluntary Liquidation with a 'no-asset' procedure. In some cases, we can use pre-liquidation funds or director loans to cover fees. Alternatively, striking off via Companies House is cheaper but only suitable for companies with no debts and no prior insolvency.
What is the difference between CVL and MVL in Durham?
A Creditors Voluntary Liquidation (CVL) is for insolvent companies where liabilities exceed assets, and it protects directors from wrongful trading claims. A Members Voluntary Liquidation (MVL) is for solvent companies that wish to close, often for tax efficiency. In an MVL, directors swear a statutory declaration of solvency, and the process distributes assets to shareholders after settling all debts.
How long does the liquidation process take in Durham?
A CVL typically completes in 6 to 12 months, but the liquidator's final report and dissolution can take up to 12 months after the initial meeting. An MVL can be faster, often closing within 3 to 6 months. The timeline depends on asset realisation, creditor claims, and any investigations. We keep you updated throughout the process.
Will I be personally liable for company debts after liquidation?
Generally, no, if you have acted properly and not given personal guarantees. Liquidation ends the company's liability, but directors can be held personally liable for wrongful trading, fraudulent trading, or misfeasance. Using a licensed liquidator early helps you avoid these risks. We advise on all director duties and ensure compliance to protect your personal assets.
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.