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
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Norbury Bookkeeping Services
We offer a complete bookkeeping and computerized payroll service throughout Cheshire and South Manchester and are able to offer support for all financ...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
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...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
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
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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Athena Bookkeeping Services
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PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...See More
Mind Your Assets Accounts
Mind Your Assets Accounts is based in Sheffield, South Yorkshire, with offices also in Manchester and London. We have over 20 years accountancy expe...See More
MGM & CO. Chartered Certified Accountants
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Accounting 4 Ltd
Registered practice offering accountancy services from Bookkeeping, Payroll, Vat, Self Assessment, Small Limited Company accounts etc Qualified to AAT...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
Holdsworth Accountancy
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BROOKSON LIMITED
Why Brookson? There are plenty of reasons. We’re specialists at dealing with self-employed finances, and have been doing this for over 20 years, so we...See More
C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More
Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...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
Frequently asked questions
What is the difference between a CVL and an MVL in Glos?
A Creditors Voluntary Liquidation (CVL) is used when a company is insolvent and cannot pay its debts, allowing a licensed liquidator to close the business and distribute assets to creditors. A Members Voluntary Liquidation (MVL) is for solvent companies where directors declare solvency, enabling tax-efficient distribution of retained profits and formal closure. Our Glos liquidators assess your financial position to recommend the correct procedure.
How much does it cost to appoint a company liquidator in Glos?
Costs vary depending on the complexity of the liquidation, asset realisation, and the number of creditors. For a typical Creditors Voluntary Liquidation, fees range from £3,000 to £7,000 plus VAT, often payable from company assets. We offer fixed-fee quotes for Glos companies, ensuring no surprise charges. Members Voluntary Liquidations are usually charged on a time basis, but we provide upfront estimates before you commit.
Can a director be held personally liable for company debts in Glos?
Directors are generally not personally liable for company debts if they have acted within the law and have not traded wrongfully or fraudulently. However, if you continue trading while insolvent, take excessive director loans, or prefer certain creditors, you may face personal liability or disqualification. Our liquidators in Glos provide pre-liquidation advice to protect you from such risks.
What happens to employees when a company goes into liquidation in Glos?
When a company enters Creditors Voluntary Liquidation, employees are automatically made redundant. The liquidator terminates contracts, and employees can claim statutory redundancy pay, unpaid wages, holiday pay, and notice pay from the National Insurance Fund via the Redundancy Payments Service. Our Glos team guides employees through the claims process and provides necessary documentation.
How long does a company liquidation take in Glos?
A Creditors Voluntary Liquidation typically takes between 6 to 12 months to complete, depending on asset sales and creditor claims. A Members Voluntary Liquidation can be faster, often 3 to 6 months. The process includes a meeting of shareholders and creditors, asset realisation, and final distribution. Our Glos liquidators work efficiently to conclude matters without unnecessary delays.
What are the alternatives to liquidation for a Glos company?
Alternatives include a Company Voluntary Arrangement (CVA) to repay debts over time, administration to restructure the business, or a simple strike off if the company has no assets and debts under £1,000. For solvent companies, an MVL is often preferable. Our Glos liquidators assess your situation and recommend the most cost-effective solution, potentially saving your business or allowing a graceful exit.
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