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
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
Frequently asked questions
What is the role of a company liquidator in Gravesend, Kent?
A company liquidator in Gravesend is a licensed insolvency practitioner who takes control of a company that is being wound up. Their role is to realise the company's assets, investigate its affairs, settle creditor claims in the correct legal order, and distribute any remaining funds to shareholders. They also ensure the company is formally dissolved and that directors comply with their legal duties. In Gravesend, we act as liquidators for both insolvent (CVL) and solvent (MVL) companies, providing independent and professional management of the entire process.
How much does company liquidation cost in Gravesend, Kent?
The cost of liquidation in Gravesend varies depending on the complexity of the company's affairs, 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, often payable from the company's assets. For solvent members voluntary liquidations (MVL), costs are usually fixed or based on asset realisation. We always provide a clear, fixed-fee quote after a free initial consultation, with no hidden charges. Contact us for a tailored estimate for your specific situation.
What is the difference between CVL and MVL liquidation?
A Creditors Voluntary Liquidation (CVL) is used when a company is insolvent and cannot pay its debts. The directors appoint a liquidator, and creditors are invited to approve the appointment. A Members Voluntary Liquidation (MVL) is used for a solvent company where directors and shareholders decide to close the business, often for tax efficiency. In an MVL, the liquidator must swear a declaration of solvency, and all debts are paid in full before distributions to shareholders. Our Gravesend team can advise which route is appropriate based on your company's financial position.
Can I continue trading after my company goes into liquidation?
No, once a company enters liquidation in Gravesend, the liquidator takes over control and the directors' powers cease. The company must stop trading immediately, except in limited circumstances where the liquidator may continue trading temporarily to sell stock or complete contracts that benefit creditors. Continuing to trade after liquidation is a criminal offence. If you are considering liquidation, we recommend ceasing new trading activity and seeking professional advice immediately to avoid wrongful trading claims against you personally.
What are the legal duties of directors during liquidation in Kent?
Directors of a company in liquidation in Kent have several legal duties. They must cooperate fully with the liquidator, provide all company records, accounts, and information about assets and liabilities. They must not hide assets or prefer certain creditors. Directors can be held personally liable for wrongful trading if they continued trading while knowing the company was insolvent. They must also submit a statement of affairs and attend meetings if required. Our liquidators in Gravesend will guide you through these duties and help you avoid personal liability.
How long does the liquidation process take in Gravesend?
The length of liquidation in Gravesend depends on the company's complexity. A straightforward CVL or MVL can be completed in 6 to 12 months, which is the typical time for asset realisation, creditor claims, and final distribution. However, if there are complex assets, legal disputes, or investigations, the process can take longer. The company is usually dissolved at the end of the process, which can take an additional 3 months after the final meeting. Our team works efficiently to expedite the process while ensuring full compliance with insolvency law.
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.