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
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&...
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HUBBLE ACCOUNTANCY LTD
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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
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
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
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
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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
Bell Stanley Accountants
Welcome to Bell Stanley Accountants page.
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
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
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
BARNES MAYER LIMITED
Barnes Mayer Ltd is an independent, family run business providing accounting and taxation services throughout Maidenhead, Berkshire and Buckinghamshir...See More
Frequently asked questions
What is the role of a company liquidator in Gillingham?
A company liquidator is a licensed insolvency practitioner who manages the winding-up process of a company. Their primary role is to collect and sell company assets, settle outstanding debts with creditors, and distribute any remaining funds to shareholders. They also ensure all legal and administrative duties are completed correctly, including filing final accounts with Companies House and HMRC. In Gillingham, our liquidators act impartially, prioritising the interests of all parties involved while helping directors navigate the process smoothly.
How much does it cost to appoint a liquidator in Gillingham?
The cost of liquidation varies depending on the complexity of your company's financial situation, the number of assets, and the level of creditor involvement. For a straightforward Creditors' Voluntary Liquidation (CVL), fees typically range from £3,000 to £6,000 plus VAT, but we always provide a fixed-fee quote after an initial free assessment. We have no hidden charges, and our fees are often paid from the company's assets before any distribution to creditors. Contact us for a personalised quote based on your specific circumstances.
What is the difference between voluntary and compulsory liquidation?
Voluntary liquidation is initiated by the company's directors or shareholders. This includes Members' Voluntary Liquidation (MVL) for solvent companies and Creditors' Voluntary Liquidation (CVL) for insolvent companies. Compulsory liquidation is a court-ordered process, usually following a creditor's petition. In Gillingham, most businesses opt for voluntary liquidation because it offers more control and less publicity. Our experts can advise you on the most suitable route for your company and guide you through the entire process.
Can I continue trading while my company is being liquidated?
Once a liquidator is appointed, they take control of the company and its assets. Directors lose their powers, but they may be asked to assist the liquidator. However, before the liquidation formally begins, you can continue trading, but you must act in the best interests of creditors and avoid increasing debts. If you are considering liquidation, it is vital to seek professional advice immediately to avoid wrongful trading claims. We can help you assess your options and decide on the right timing for a formal appointment.
What happens to employees when a company goes into liquidation in Gillingham?
When a company enters liquidation, employees are automatically dismissed from the date the liquidation order is made. The liquidator will assess any outstanding wages, holiday pay, and redundancy entitlements. Employees may be able to claim certain statutory payments from the National Insurance Fund (via the Redundancy Payments Service). Our team will provide clear guidance to employees about their rights and the claims process, ensuring they receive all the support they need during this difficult time.
How long does the liquidation process take in Gillingham?
The duration depends on the type of liquidation and the complexity of the case. A simple Creditors' Voluntary Liquidation (CVL) can be completed in as little as 6 to 9 months, but more complex cases involving asset sales or legal disputes may take over a year. Members' Voluntary Liquidations (MVL) for solvent companies often take around 6 months. We work efficiently to conclude the process as quickly as possible, keeping you informed at every stage and ensuring all statutory requirements are met without unnecessary delays.
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