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
MGM & CO. Chartered Certified Accountants
If you are looking for professional accountants offering a full range of accountancy and tax services to clients from across the UK, you have come to ...See More
Holdsworth Accountancy
We are a team of experienced, qualified accountants and bookkeepers providing professional services to individuals and businesses within Bradford and ...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
Accounting 4 Ltd
Registered practice offering accountancy services from Bookkeeping, Payroll, Vat, Self Assessment, Small Limited Company accounts etc Qualified to AAT...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
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...See More
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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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
Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...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
PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...See More
Athena Bookkeeping Services
Athena Accounting and Bookkeeping Services. ?Let us take good care of your finances giving you more time to focus on the day to day running of your bu...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
GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More
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
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
C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
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
Frequently asked questions
What is the role of a company liquidator in Huddersfield?
A company liquidator 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, settle outstanding debts with creditors, investigate the company's affairs, and distribute any remaining funds to shareholders. They also handle all legal formalities and ensure the process is carried out in accordance with the Insolvency Act 1986.
How much does company liquidation cost in Huddersfield?
The cost of liquidation varies depending on the complexity of the company's financial affairs, the number of assets and creditors, and the type of liquidation required (CVL or MVL). Typically, fees for a Creditors' Voluntary Liquidation can range from £3,000 to £7,000 plus VAT, but many firms offer fixed-fee packages. We provide a free, no-obligation quote after assessing your situation.
What is the difference between a CVL and an MVL?
A Creditors' Voluntary Liquidation (CVL) is used when a company is insolvent, meaning it cannot pay its debts as they fall due. An MVL (Members' Voluntary Liquidation) is used when a company is solvent, and the directors wish to close it down, often for tax efficiency or retirement. The process and legal requirements differ significantly, so it's crucial to get professional advice.
Can I continue to trade my company while it is being liquidated?
No. Once a liquidation order is made, the liquidator takes over control of the company, and directors' powers cease. You cannot continue to trade or make decisions about the company's assets without the liquidator's consent. Any trading after the commencement of liquidation could lead to personal liability for debts incurred.
What happens to employees if the company goes into liquidation?
In a liquidation, all employees are automatically dismissed once the liquidator is appointed. The liquidator will handle redundancy claims, unpaid wages, and holiday pay. Employees may be able to claim certain statutory payments from the National Insurance Fund, and the liquidator will provide the necessary documentation (RP1 forms) to assist with this.
Can a director be personally liable for company debts in liquidation?
In most cases, directors are not personally liable for company debts, as the company is a separate legal entity. However, if wrongful trading, fraudulent trading, or misfeasance is found, directors can be held personally liable. This is why it's essential to seek professional advice early and act in the best interests of creditors.
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