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
Modus Accountants Limited
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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
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
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
The Bean Counters Accountants LLP
Established in 2011, The Bean Counters Accountants is a growing accounting firm in Maidenhead which specializes in cloud accounting and bookkeeping, p...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
BARNES MAYER LIMITED
Barnes Mayer Ltd is an independent, family run business providing accounting and taxation services throughout Maidenhead, Berkshire and Buckinghamshir...See More
DOLAN ACCOUNTANCY LIMITED
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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
DIrect Assist accountants Ltd
Direct Assist accountants Ltd is one of the fastest growing chartered accountants firm serving businesses and individuals from different industries fr...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
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
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SJD ACCOUNTANCY LIMITED
SJD Accountancy is the UK’s largest specialist provider of fixed fee, limited company accountancy services to contractors and freelancers; we’ve been ...See More
Numerii Ltd
Informed financial support for your business. We are a small, friendly and highly motivated team who offer a professional and efficient service to our...See More
Frequently asked questions
What is the role of a company liquidator in Faringdon?
A company liquidator in Faringdon is a licensed insolvency practitioner who manages the formal closure of a limited company. Their duties include realising company assets, settling creditor claims, investigating the company's affairs, and ensuring statutory compliance. They act in the best interests of creditors while guiding directors through the process, whether it is a Creditors Voluntary Liquidation for insolvent companies or a Members Voluntary Liquidation for solvent ones.
How much does company liquidation cost in Faringdon?
The cost of company liquidation in Faringdon varies based on the complexity of the case, the number of creditors, and the value of assets. For a straightforward Creditors Voluntary Liquidation, fees typically range from £3,000 to £6,000 plus VAT and disbursements. Members Voluntary Liquidation costs are often lower, starting around £1,500. We provide a fixed-fee quote after an initial free assessment, so there are no hidden surprises.
What is the difference between CVL and MVL?
A Creditors Voluntary Liquidation (CVL) is used when a company is insolvent and cannot pay its debts. It is initiated by directors and results in the company being wound up, with assets distributed to creditors. A Members Voluntary Liquidation (MVL) is for solvent companies where directors wish to close the business, often for retirement or restructuring. In an MVL, all debts are paid in full, and any surplus is distributed to shareholders, often with tax advantages.
Can I keep trading after appointing a liquidator in Faringdon?
Once a liquidator is appointed, the company ceases normal trading. The liquidator takes control of the company's affairs, and you lose the power to make decisions on its behalf. However, you may continue trading briefly before the formal appointment if you are exploring rescue options, but it is essential to seek advice immediately to avoid wrongful trading claims. Our liquidators can advise on the correct timing.
What happens to company directors after liquidation?
After a company enters liquidation, directors are released from their duties, but they must cooperate with the liquidator. They are required to provide a statement of affairs and all company records. If no misconduct is found, directors are usually not personally liable for company debts, unless they have given personal guarantees. After the liquidation is complete, the company is dissolved, and directors can start a new business, subject to certain restrictions.
How long does the liquidation process take in Faringdon?
The length of a liquidation depends on the complexity of the company's affairs. A simple Creditors Voluntary Liquidation can be completed in 6 to 12 months, while a Members Voluntary Liquidation may take only 3 to 6 months. Complex cases with disputed assets or legal issues can take longer. Our Faringdon liquidators provide a realistic timeline after the initial review and keep you updated throughout the process.
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