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
Matrix Accountancy Services
"Offering a friendly and professional service, I provide ongoing advice and support for every stage of your business journey. As an AAT Licensed Acc...See More
Matrix Accountancy Services Limited
Will Farmer FMAAT, AAT Licensed Accountant and Director of Matrix Accountancy Services Limited Hi I'm Will, In 2012 I...
Pharmatax
Pharmatax is a leading specialist in pharmacy accounting, offering tailored services that go beyond traditional bookkeeping. O...See More
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FLEXIE ACCOUNTANTS LTD
Flexie Accountants is a reputable accounting firm, providing accounting, finance and tax services to sole traders, partnership and Limited companies. ...See More
Zak Partnership
The Zak Partnership have long recognized the importance of working closely with both our clients and our broader partner supplier community as a whole...See More
Msi Accountancy Services
At MSI - Accountants & Bookkeepers - We have a strong network of Accountants, Bookkeepers & Tax Advisors who are very friendly and down to earth and a...See More
Capital Accountancy - Accountants & Tax Advisors
WE at CAPITAL ACCOUNTANCY specialises in helping small-to-medium sized businesses, sole traders, contractors and landlords. We make sure you pay the r...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
Naseems Accountants
Established in 1978, Naseems Accountants is a small but growing business with our clients doubled over the last decade. We honor ourselves in ou...See More
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Raven Solution
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AMSTOR ACCOUNTANTS LIMITED
Amstor Accountants Limited T/A Premier Accountants, Auditors and Tax Advisers want to help you pay less tax and keep more of the profit your business ...See More
T.Y.E BOOKKEEPING LTD
For all your bookkeeping needs from self assessments, VAT returns, EC Sales List, general bookkeeping for sole traders or small businesses. I work on ...See More
HHR ACCOUNTANCY LTD
Accounting & Bookkeeping Solutions
Business Partners Accountants & Bookkeepers
An accounting firm for all your accounting and bookkeeping needs Business Partners Accountants & Bookkeepers is a reputable accounting firm serving so...See More
MRC Accounting Services
Providing accounting services and solutions
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Additions Accountancy
Welcome to Additions Accountancy Looking for Grantham Accountants? We are a firm of accountants in Grantham with a strong customer service ethos and ...See More
Frequently asked questions
What is the difference between a CVL and an MVL for a company in Harborough?
A Creditors Voluntary Liquidation (CVL) is used when a company is insolvent and cannot pay its debts. An MVL (Members Voluntary Liquidation) is for solvent companies where directors wish to close voluntarily, often to extract retained profits tax-efficiently. Our licensed liquidators will assess your solvency status and recommend the correct procedure.
How much do company liquidators in Harborough charge?
Fees vary based on the complexity of the liquidation, asset values, and creditor numbers. We offer fixed-fee packages for standard CVLs and MVLs, typically starting from £3,500 plus VAT for a CVL. Our initial consultation is free, and we provide a written quote before any work begins.
Can I continue trading while my company is being liquidated?
No. Once a liquidation order is granted, directors' powers cease immediately, and the appointed liquidator takes control of the company's affairs. You must not trade or dispose of assets after the resolution is passed. We will guide you on the correct timing to stop trading to avoid personal liability.
What happens to employees during a company liquidation in Harborough?
Employees are made redundant from the date of liquidation. They may be entitled to claim statutory redundancy pay, unpaid wages, holiday pay, and notice pay from the National Insurance Fund via the Redundancy Payments Service. The liquidator provides each employee with a claim form and guidance on the process.
Are directors personally liable for company debts after liquidation?
Generally, no. Limited liability protects directors from company debts unless there has been fraudulent trading, wrongful trading, or a breach of fiduciary duty. If you have acted in good faith, liquidation will write off the company's debts, but we will investigate your conduct to ensure no personal guarantees are triggered.
How long does a company liquidation take in Harborough?
A CVL typically takes 6 to 12 months to complete, depending on asset realisation and creditor claims. An MVL can be concluded in as little as 3 to 6 months if the company has no complex issues. We provide a timeline estimate after the initial review.
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