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
NIXON WILLIAMS LIMITED
Nixon Williams has been providing specialist accountancy services to contractors, freelancers, consultants and interim professionals throughout the UK...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
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
GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More
C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
Pepperhill Associates
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MJF ACCOUNTANCY LIMITED
Oakes Accounting
Oakes Accounting specializes in providing tailor made accounting services, including bookkeeping, VAT and self assessment to small businesses.
BROOKSON LIMITED
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PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...See More
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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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
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
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...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
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
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
Frequently asked questions
What is the difference between a Creditors Voluntary Liquidation (CVL) and a Members Voluntary Liquidation (MVL) in Fleetwood?
A Creditors Voluntary Liquidation (CVL) is used for an insolvent company that cannot pay its debts, where the directors appoint a liquidator to wind up affairs for the benefit of creditors. A Members Voluntary Liquidation (MVL) is used for a solvent company where directors and shareholders wish to close the business, often for tax efficiency. Our Fleetwood liquidators will advise which procedure is suitable based on your company's specific solvency status.
Can a director of a Fleetwood company be held personally liable for debts during liquidation?
Yes, directors can be personally liable for debts if they have acted wrongfully, traded fraudulently, or continued trading while knowing the company was insolvent without taking proper steps. Our licensed insolvency practitioners will review the conduct of directors to ensure compliance and mitigate risks of personal liability claims from the liquidator or creditors.
How long does the company liquidation process take in Fleetwood?
The timeline for a Creditors Voluntary Liquidation typically takes between 6 to 12 months to complete, depending on the complexity of the company's assets and affairs. A solvent MVL can often be completed in a shorter period, sometimes within 3 to 6 months. Our Fleetwood team will provide a clear timeline after the initial assessment of your company's records.
What are the costs involved in appointing a company liquidator in Fleetwood?
The costs of liquidation vary depending on the size of the company, the number of creditors, and the complexity of realising assets. In a CVL, the liquidator's fees are typically paid from the company's assets, but if assets are insufficient, creditors may need to approve a fee structure. We provide transparent, fixed-fee proposals for our services in Fleetwood before any appointment is made.
What happens to the employees of a Fleetwood company when it goes into liquidation?
When a company enters liquidation, employees are automatically dismissed from the date the winding-up order is made. They may be entitled to claim redundancy pay, unpaid wages, holiday pay, and notice pay from the National Insurance Fund (via the Redundancy Payments Service). The liquidator will provide each employee with the necessary forms and guidance on making these claims.
Can I buy the assets of my own company back after it has been placed into liquidation in Fleetwood?
Yes, it is possible for a director to buy assets from the liquidator, but this is subject to strict rules under the Insolvency Act. The liquidator must obtain the approval of creditors or the court to sell assets to a connected party. An independent valuation will be required, and the sale must be seen to be in the best interests of the creditors to be approved.
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