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
AWS ACCOUNTANTS (LONDON) LLP
SARA COOPERS ACCOUNTANTS LTD
About Sara Coopers Whatever business you are in; you owe it to yourself to find an accountancy service that operates for your benefit – not the taxma...See More
EFJ CONSULTING LTD
We are the firm of Chartered Certified Accountants based in London. We provide professional and practical help with all aspects of accountancy and tax...See More
MONEYTREE FINANCIAL LTD
Moneytree Financials' focus is to provide clients with useful, relevant and meaningful services aimed at supporting and guiding your business as it mo...See More
MQPLUS LTD
MQplus LTD provides accurate, flexible and cost-effective managment accounting services for sole traders,partnerships and Limited Companies
TaxAssist Accountants
About TaxAssist Accountants Barking At TaxAssist Accountants, we provide a personal and professional accounting service tailored to you. We help star...See More
Rochvilles & Co Accountants Ltd
Welcome to the Rochvilles & Company website. We are glad that you make the time and effort to visit us. The website has being designed to provide you ...See More
Southall Accountants
We are the only accountants in the city who are dedicated to groom your business for growth. If you are a business owner, who is putting in the hard w...See More
KHAWAR & CO LTD
Khawar & Co Ltd is an active company located in London, Greater London. We are specialist accountancy firm, ready to help you with different accountan...See More
OVAL ACCOUNTANTS LTD
Your Bookkeeping, Accounting And Self Assessment Experts, Here To Bring You The Highest Standard Of Service.
Cruse+Burke
As one of the leading accountants in Croydon, we are forward thinking in the way we approach your business requirements and the way we give you except...See More
Owadally & Kings Partnership
At O&K we aspire to be one of the most forward thinking accountancy firms in Croydon. Our dedicated in-house team, and external specialists, based in ...See More
Cruse + Burke
As one of the leading accountants in Croydon, we are forward thinking in the way we approach your business requirements and the way we give you except...See More
Accounting Made Simple
Accounting Made Simple is a tech-savvy accountancy and bookkeeping organization located in London which assists clients to ru...See More
Ahmed-Cliffords Ltd
Ahmed-Cliffords has grown to become one of the region's most successful accountants and tax consultancy offices. From simple beginnings, when we wer...See More
Frequently asked questions
What is the difference between a Creditors Voluntary Liquidation and a compulsory liquidation in Folkestone?
A Creditors Voluntary Liquidation (CVL) is a voluntary process initiated by the directors and shareholders when the company is insolvent. It requires a shareholder resolution and a meeting of creditors to approve the liquidator. A compulsory liquidation is a court order obtained by a creditor, often HMRC, forcing the company to close. A CVL gives you more control, avoids the stigma of a court process, and allows you to appoint a liquidator you trust.
How much does it cost to appoint a company liquidator in Folkestone?
The cost of a CVL in Folkestone typically ranges from £4,000 to £8,000 plus VAT, depending on the complexity of the company's affairs, the number of creditors, and the assets involved. The liquidator's fees are paid from the company's assets, not out of your personal pocket. If there are no assets, creditors may agree to a fee based on time spent, but you should always obtain a fixed-fee quote before proceeding.
Can I continue trading if my company is insolvent in Folkestone?
If your company is insolvent, you can continue trading only if doing so does not worsen the position of creditors. This is known as trading under the 'wrongful trading' provisions. You must seek professional advice immediately. A licensed liquidator can help you assess whether a rescue plan is viable or whether a CVL is the safest option. Continuing to trade without a clear strategy can lead to personal liability for directors.
What happens to employees when a company goes into liquidation in Folkestone?
When a company enters liquidation, all employees are automatically dismissed from the date the liquidator is appointed. The liquidator will assist employees in claiming redundancy pay, unpaid wages, holiday pay, and notice pay from the National Insurance Fund (via the Redundancy Payments Service). Employees are classed as preferential creditors for certain claims, but they may not receive full payment if assets are insufficient.
Will I be personally liable for company debts after liquidation in Folkestone?
In most cases, directors are not personally liable for company debts if they have acted lawfully and have not given personal guarantees. However, if you have signed a personal guarantee for a business loan, lease, or supplier credit, the creditor can pursue you personally. Also, if you have taken money from the company improperly or continued trading while insolvent, you may face claims for misfeasance or wrongful trading. A liquidator will investigate your conduct.
How long does the liquidation process take in Folkestone?
A Creditors Voluntary Liquidation typically takes between 6 and 12 months to complete, depending on the complexity of the company's affairs. The initial appointment and creditor meeting usually occur within 2 to 4 weeks of instructing a liquidator. After that, the liquidator realises assets, investigates transactions, and distributes funds to creditors. Once the process is complete, the company is dissolved and struck off the Companies House register.
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.