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
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
.jpg)
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.
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
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...
Financial Claims Consultants
Financial Claims Consultants offer No Win No Fee Pension Claims – we help clients&...
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
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
.png)
MARLIS BOOKKEEPING & ACCOUNTANCY
The team comprises of Marion and Lisa, a mother and daughter combination, who offe...
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
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
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
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
Bell Stanley Accountants
Welcome to Bell Stanley Accountants page.
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
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 Frome?
A company liquidator in Frome is a licensed insolvency practitioner who manages the formal closure of a company that is insolvent or no longer needs to trade. Their role includes realising company assets, settling creditor claims, investigating the company's affairs, and ensuring that the liquidation process complies with the Insolvency Act 1986. They also handle communication with all stakeholders, including employees, creditors, and shareholders, and work to achieve the best possible return for creditors while acting in the interests of all parties.
How much does company liquidation cost in Frome?
The cost of company liquidation in Frome 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 £3,000 to £6,000 plus VAT, but some firms offer fixed-fee packages. Additional costs may arise if there are complex asset realisations or investigations. It is essential to obtain a detailed quote upfront and ask about any hidden fees. Many liquidators offer a free initial consultation to assess your situation and provide a tailored fee structure.
Can a company trade while in liquidation in Frome?
Once a company enters liquidation, the liquidator takes control of the company's affairs, and the directors' powers cease. The company cannot continue trading in the normal sense, except for the purpose of a beneficial winding-up, such as completing existing contracts or selling stock. The liquidator may allow limited trading to maximise asset value, but this is strictly regulated. Directors must not incur new debts or trade beyond the point of insolvency, as this could lead to personal liability for wrongful trading.
What is the difference between compulsory and voluntary liquidation in Frome?
Compulsory liquidation is a court-ordered process, usually initiated by a creditor who petitions the court to wind up a company that owes them more than £750. Voluntary liquidation is initiated by the company's directors or shareholders. There are two types: Members' Voluntary Liquidation (MVL) for solvent companies and Creditors' Voluntary Liquidation (CVL) for insolvent companies. In a CVL, the directors pass a resolution to wind up the company, and the creditors approve the appointment of a liquidator. Compulsory liquidation is often more costly and less controlled than a CVL.
What are the duties of directors during liquidation in Frome?
Directors have a duty to cooperate fully with the liquidator, providing all relevant company records, financial statements, and information about assets and liabilities. They must also attend a meeting of creditors if required and answer questions about the company's affairs. Directors must not hide assets or prefer certain creditors over others. If directors have acted improperly, they may face personal liability, including disqualification or compensation orders. Seeking early professional advice can help directors understand their obligations and avoid potential pitfalls.
How long does the liquidation process take in Frome?
The length of a liquidation process in Frome depends on the complexity of the case. A straightforward Creditors' Voluntary Liquidation (CVL) can be completed in as little as six to nine months, but cases with complex asset realisations, legal disputes, or investigations may take several years. The liquidator must file a final report with Companies House and hold a final meeting of creditors. After that, the company is formally dissolved. The timeline is influenced by how quickly assets are sold and claims are resolved.
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.