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
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HUBBLE ACCOUNTANCY LTD
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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...
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
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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MARLIS BOOKKEEPING & ACCOUNTANCY
The team comprises of Marion and Lisa, a mother and daughter combination, who offe...
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
Financial Claims Consultants
Financial Claims Consultants offer No Win No Fee Pension Claims – we help clients&...
Bell Stanley Accountants
Welcome to Bell Stanley Accountants page.
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
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
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
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R Albert Accountancy Ltd
We are an AAT Licensed accountancy practice providing a professional and friendly service. A new accountancy practice offering fantastic one to one s...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 a company liquidator and when do I need one in Glastonbury?
A company liquidator is a licensed insolvency practitioner who manages the closure of a company by selling its assets, paying creditors, and dissolving the business. You need one in Glastonbury when your company is insolvent (cannot pay debts as they fall due) and you wish to enter Creditors Voluntary Liquidation (CVL) or if a creditor petitions for compulsory liquidation. Liquidators ensure legal compliance and fair distribution of proceeds.
How much does company liquidation cost in Glastonbury?
The cost of company liquidation in Glastonbury varies depending on the complexity of the case, asset values, and creditor numbers. Typically, a Creditors Voluntary Liquidation (CVL) costs between £4,000 and £8,000 plus VAT, which covers the liquidator's fees, statutory advertising, and administrative expenses. We provide a fixed-fee quote after a free initial assessment, so there are no hidden charges.
Can I liquidate a company myself without using a professional liquidator?
No, if your company is insolvent, you cannot liquidate it yourself. Only a licensed insolvency practitioner can act as a liquidator for a formal insolvency procedure like CVL or compulsory liquidation. Attempting an informal closure while insolvent could lead to personal liability for directors, including wrongful trading claims. Professional liquidators ensure legal compliance and protect your interests.
What is the difference between Creditors Voluntary Liquidation and compulsory liquidation?
Creditors Voluntary Liquidation (CVL) is initiated by the company's directors and shareholders when the company is insolvent, and they choose to close it voluntarily. Compulsory liquidation is forced by creditors through a court order, often after a winding-up petition. CVL gives directors more control over the process, while compulsory liquidation removes control and can lead to director investigations.
Will I be personally liable for company debts after liquidation in Glastonbury?
In most cases, directors are not personally liable for company debts after liquidation, as limited liability protects personal assets. However, personal liability can arise if you have given personal guarantees, committed fraud, traded wrongfully, or misused company funds. Our liquidators review your conduct to ensure you are not exposed, and we advise on any potential risks before proceeding.
How long does the company liquidation process take in Glastonbury?
A Creditors Voluntary Liquidation (CVL) typically takes 6 to 12 months to complete, depending on asset realisation and creditor claims. The initial appointment can happen within 2 to 4 weeks after the necessary paperwork is prepared. Compulsory liquidation may take longer due to court proceedings. We aim to expedite the process while ensuring thorough compliance with insolvency law.
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