
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
Purnells - Licensed Insolvency Practitioners
As insolvency practitioners we also specialise in interpreting the legislation set out in The Insolvency Act 1986, The Insolvency (England and Wale...

Woody's Payroll & Bookkeeping Services
Here at Woody's we have years of experience in providing a dedicated, professional and highly personal service to our clients. We offer a wide range o...See More

Kings Oak Accountancy
Accountants based in Bristol, Bath & Somerset providing accounting and tax services to small and medium size owner-managed businesses. Our services in...See More

KINGS OAK ACCOUNTANCY (SOMERSET) LTD
We are a small firm of Accountants based in Somerset. Michael is a fellow of the Chartered Institute of Management Accounting with over 30 years expe...See More

Bell Stanley Accountants
Welcome to Bell Stanley Accountants page.
HUBBLE ACCOUNTANCY LTD
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Williamslester Brilliant Accounting Services
Our range of services are provided by fully qualified and experienced staff who always monitor, advise and review both new and existing clients. This ...See More
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MARLIS BOOKKEEPING & ACCOUNTANCY
The team comprises of Marion and Lisa, a mother and daughter combination, who offe...

TKI Bookkeeping & Accounts
Hello and welcome to my site, I am qualified by the The Institute of Certified Bookkeepers and have attained highest level qualification, Level 4 Dipl...See More

Financial Claims Consultants
Financial Claims Consultants offer No Win No Fee Pension Claims – we help clients&...

SG CONTRACTOR ACCOUNTING LIMITED
SG Accounting was established in 1995 to service the accountancy and taxation needs of professional contractors and freelancers. We are based in Winc...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

DEAD SIMPLE ACCOUNTING LTD
Dead Simple Accounting is an expert accounting firm based in Reading, Berkshire. We’ve been supporting the local business community in Reading with a ...See More

Turner Barratt
At Turner Barratt we believe that we have something unique to offer. Just Corporate Finance Turner Barratt are Chartered Accountants who are dedicate...See More

Accounting etc. limited
We are a small firm of Chartered Management Accountants dedicated to providing you with a high quality accountancy service and sound business advice a...See More

QUENTELA ACCOUNTING LIMITED
Quentela Accounting is a family run accountancy practise based in Wokingham, Berkshire. We are a small business but with an emphasis on BIG commitment...See More
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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

The Bean Counters Accountants LLP
Established in 2011, The Bean Counters Accountants is a growing accounting firm in Maidenhead which specializes in cloud accounting and bookkeeping, p...See More
Frequently asked questions
What is the role of a company liquidator in Ilford?
A company liquidator in Ilford is a licensed insolvency practitioner who manages the closure of a company. Their role includes assessing the financial position, selling company assets, settling creditor claims, investigating director conduct, and ensuring statutory obligations are met. They act in the interests of all parties, providing a structured and legal process to wind up the business.
How much does liquidation cost for a company in Ilford?
The cost of liquidation varies depending on the complexity of the company's affairs, the number of creditors, and the type of liquidation required. For a Creditor Voluntary Liquidation (CVL), fees typically range from £3,000 to £7,000 plus VAT, but we offer fixed-fee packages in Ilford. We provide a free consultation to give you an accurate quote based on your specific circumstances.
What is the difference between solvent and insolvent liquidation?
Solvent liquidation, known as Members Voluntary Liquidation (MVL), is used when a company can pay all its debts in full, often for tax efficiency. Insolvent liquidation, typically a Creditor Voluntary Liquidation (CVL), is for companies that cannot pay their liabilities. The process differs in terms of procedures, costs, and outcomes for directors and creditors.
Can I still be a director after my company goes into liquidation?
Yes, you can still be a director after liquidation, but your powers are suspended. You may face restrictions if found guilty of wrongful trading or misconduct. In most cases, directors are not personally liable for company debts unless personal guarantees were signed. Our Ilford liquidators can advise on your specific position and any potential disqualification risks.
How long does the liquidation process take in Ilford?
The timeline for liquidation in Ilford depends on the type and complexity. A Creditor Voluntary Liquidation (CVL) typically completes in 6 to 12 months, while a Members Voluntary Liquidation (MVL) may take 3 to 6 months. However, the initial meeting and appointment of the liquidator can happen within 2 to 4 weeks after we are instructed.
What are the alternatives to liquidation for my Ilford business?
Alternatives to liquidation include company administration, a company voluntary arrangement (CVA), or informal negotiations with creditors. These options may allow the business to continue trading or achieve a better return for creditors. Our team in Ilford will review your financial situation and recommend the most suitable solution, whether that is restructuring or closure.
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