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
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
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
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
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
Naseems Accountants
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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
DOLAN ACCOUNTANCY LIMITED
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Zak Partnership
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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
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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
TAA CONSULTANTS LTD
TAA Consultants- Super Accountants 69201 - Accounting and auditing activities 69202 - Bookkeeping activities
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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
John Lavender accounting ltd
John Lavender Accounting Firm is a beacon of precision and expertise in the financial landscape. With a legacy steeped in integrity and excellence, we...See More
Frequently asked questions
What is the difference between a CVL and an MVL in Horley?
A Creditors Voluntary Liquidation (CVL) is used for insolvent companies where debts cannot be paid, while a Members Voluntary Liquidation (MVL) is for solvent companies wishing to close. In a CVL, creditors control the process, whereas in an MVL, shareholders appoint the liquidator. Our Horley liquidators can advise which applies to your situation.
How much does company liquidation cost in Horley?
Costs vary based on company complexity, asset value, and creditor numbers. For a straightforward CVL, fees typically range from £3,000 to £6,000 plus VAT, but we provide fixed-fee quotes after an initial assessment. MVL costs are often lower. Always request a transparent quote before engaging a liquidator.
Can I keep trading after appointing a liquidator in Horley?
No. Once a liquidator is appointed, they take control of the company. Directors' powers cease, and trading must stop immediately unless the liquidator decides to continue for a short period to sell assets or complete contracts. Continuing to trade while insolvent can lead to personal liability for directors.
What are the legal duties of a director during liquidation in Horley?
Directors must cooperate fully with the liquidator, provide all company records, disclose all assets and liabilities, and attend meetings if required. They must also avoid preferential payments or transferring assets before liquidation. Failure to comply can result in disqualification or personal liability for debts.
How long does a company liquidation take in Horley?
A CVL typically takes 6 to 12 months to complete, depending on asset realisation and creditor claims. An MVL can be faster, often 3 to 6 months. Complex cases with legal disputes or missing records may extend the timeline. Your liquidator will provide a realistic estimate after reviewing your case.
What happens to employees when a company goes into liquidation in Horley?
Employees are made redundant immediately upon liquidation, unless the liquidator retains them temporarily. They may claim statutory redundancy pay, unpaid wages, and holiday pay from the National Insurance Fund. The liquidator will provide necessary documentation for claims. Directors should seek advice on employee obligations before liquidation.
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