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AMSTOR ACCOUNTANTS LIMITED
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Raven Solution
This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.
Pharmatax
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MRC Accounting Services
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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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FLEXIE ACCOUNTANTS LTD
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Zak Partnership
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Msi Accountancy Services
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Frequently asked questions
What are the signs that my Evesham company needs liquidation?
Key signs include inability to pay debts as they fall due, creditor pressure (e.g., statutory demands or winding-up petitions), persistent losses, declining cash flow, and loss of key contracts. If you are trading insolvently, you risk personal liability for wrongful trading. Our liquidators in Evesham can assess your financial position and recommend the best course, whether that is liquidation, administration, or an informal rescue.
How much do company liquidators in Evesham charge?
For a creditors voluntary liquidation (CVL), our fixed fee typically starts at £4,500 plus VAT and disbursements, but the final cost depends on company complexity and asset realisations. For solvent members voluntary liquidation (MVL), fees are often around £3,000 to £5,000. We provide a transparent quote after a free consultation, with no hidden costs. The fee is paid from company assets, not from your personal funds.
What is the difference between CVL and MVL in Evesham?
A Creditors Voluntary Liquidation (CVL) is for insolvent companies where liabilities exceed assets, and it is initiated by directors. A Members Voluntary Liquidation (MVL) is for solvent companies that can pay all debts in full within 12 months, often used for tax-efficient capital extraction. Our Evesham liquidators will advise which procedure fits your situation, ensuring you meet all legal requirements.
Can I continue trading after appointing liquidators in Evesham?
Once a liquidator is appointed, your powers as director cease. The liquidator takes control of the company's assets and affairs. You cannot continue trading except for the purpose of beneficial realisation of assets, and only with the liquidator's permission. We will guide you through the process, including handing over books and records, and you must cooperate fully to avoid penalties.
What happens to employees when a company in Evesham goes into liquidation?
Employees are made redundant automatically when a company enters compulsory liquidation, but in a CVL, the liquidator will confirm the date of termination. Employees may claim statutory redundancy pay, unpaid wages, holiday pay, and notice pay from the National Insurance Fund via the Redundancy Payments Service. Our liquidators will provide the necessary forms and advise on employee rights.
How long does the liquidation process take in Evesham?
A CVL typically completes in 6 to 12 months, but it can extend if there are complex asset sales or investigations. An MVL is often faster, usually 3 to 6 months. The liquidator must file a final report and hold a final meeting with creditors or members. We aim to conclude efficiently while ensuring full compliance with insolvency law.
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