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
Woody's Payroll & Bookkeeping Services
Here at Woody's we have years of experience in providing a dedicated, professional and highly personal service to our clients. We offer a wide range o...See More
Bell Stanley Accountants
Welcome to Bell Stanley Accountants page.
Purnells - Licensed Insolvency Practitioners
As insolvency practitioners we also specialise in interpreting the legislation set out in The Insolvency Act 1986, The Insolvency (England and Wale...
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MARLIS BOOKKEEPING & ACCOUNTANCY
The team comprises of Marion and Lisa, a mother and daughter combination, who offe...
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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HUBBLE ACCOUNTANCY LTD
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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
Financial Claims Consultants
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SG CONTRACTOR ACCOUNTING LIMITED
SG Accounting was established in 1995 to service the accountancy and taxation needs of professional contractors and freelancers. We are based in Winc...See More
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
DEAD SIMPLE ACCOUNTING LTD
Dead Simple Accounting is an expert accounting firm based in Reading, Berkshire. We’ve been supporting the local business community in Reading with a ...See More
Turner Barratt
At Turner Barratt we believe that we have something unique to offer. Just Corporate Finance Turner Barratt are Chartered Accountants who are dedicate...See More
Accounting etc. limited
We are a small firm of Chartered Management Accountants dedicated to providing you with a high quality accountancy service and sound business advice a...See More
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R Albert Accountancy Ltd
We are an AAT Licensed accountancy practice providing a professional and friendly service. A new accountancy practice offering fantastic one to one s...See More
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
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
Frequently asked questions
What is the role of a company liquidator in Exeter?
A company liquidator in Exeter is a licensed insolvency practitioner who manages the formal closure of a company. Their role involves realising the company's assets, settling outstanding debts with creditors, investigating the company's affairs, and distributing any remaining funds to shareholders. They also ensure all legal and statutory requirements are met, and they handle the necessary paperwork with Companies House and HMRC. In Exeter, we provide local, face-to-face guidance throughout this process.
How much does company liquidation cost in Exeter?
The cost of company liquidation in Exeter varies depending on the complexity of the case, the size of the company, and the number of creditors. For a straightforward Creditors Voluntary Liquidation (CVL), fees typically range from £4,000 to £8,000 plus VAT and disbursements. However, a licensed insolvency practitioner will provide a fixed fee quote after an initial free assessment. We always provide transparent pricing with no hidden costs, and we can discuss funding options if the company has insufficient assets.
What is the difference between CVL and MVL liquidation in Exeter?
A Creditors Voluntary Liquidation (CVL) is used for insolvent companies that cannot pay their debts, where the directors initiate the process to protect the business from creditor action. A Members Voluntary Liquidation (MVL) is used for solvent companies, typically when directors wish to retire or move on, and it allows for tax-efficient distribution of retained profits. In Exeter, our team will assess your company's solvency and recommend the correct procedure to meet your objectives.
Can a company in Exeter be liquidated without going to court?
Yes, the vast majority of company liquidations in Exeter are voluntary and do not require a court order. For an insolvent company, directors can propose a Creditors Voluntary Liquidation (CVL) by passing a shareholder resolution and then convening a meeting of creditors. For a solvent company, a Members Voluntary Liquidation (MVL) is initiated by a shareholder resolution. Only in rare cases, such as a winding-up order from a creditor, would a court be involved. Our liquidators guide you through the voluntary process to avoid court action.
What happens to employees when a company is liquidated in Exeter?
When a company enters liquidation in Exeter, all employees are automatically made redundant from the date of the liquidation order. The liquidator becomes responsible for settling employee claims, including unpaid wages, holiday pay, and redundancy pay. These claims may be paid from the company's assets or, if insufficient, through the National Insurance Fund (via the Redundancy Payments Service). Our team will ensure that all employee entitlements are calculated correctly and that the necessary claims are submitted promptly.
How long does the liquidation process take in Exeter?
The length of the liquidation process in Exeter depends on the complexity of the company's affairs. A straightforward Creditors Voluntary Liquidation (CVL) can be completed in as little as 6 to 12 months, which is when the final meeting of creditors is held and the company is dissolved. However, if there are complex asset realisations, legal disputes, or investigations, it can take longer. Our liquidators work efficiently to conclude the case as quickly as possible while ensuring all legal duties are fulfilled.
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