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
SAFEBOOKS4U BOOKKEEPING SERVICES
For all Your Bookkeeping Needs Safebooks4u specializes in a variety of bookkeeping services with outstanding support. We understand how busy you are,...See More
HHR ACCOUNTANCY LTD
Accounting & Bookkeeping Solutions
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
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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
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Additions Accountancy
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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
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
Pharmatax
Pharmatax is a leading specialist in pharmacy accounting, offering tailored services that go beyond traditional bookkeeping. O...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
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...
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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
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
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
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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
Frequently asked questions
What is the role of a company liquidator in Ilkeston?
A company liquidator in Ilkeston is a licensed insolvency practitioner who takes control of a company that is being wound up. Their role is to collect and sell the company's assets, settle outstanding debts with creditors, investigate the company's affairs, and distribute any remaining funds to shareholders. They also ensure the liquidation process follows the legal requirements of the Insolvency Act 1986, and they handle matters like employee redundancies and director conduct investigations.
How much does company liquidation cost in Ilkeston?
The cost of company liquidation in Ilkeston varies depending on the complexity of your case, the size of your company, and the type of liquidation required. For a Creditors' Voluntary Liquidation (CVL), fees typically range from £3,000 to £7,000 plus VAT, but we offer transparent, fixed-fee quotes after an initial assessment. We will provide a detailed breakdown before you commit, and we also offer free initial consultations to discuss your situation without any obligation.
What is the difference between a CVL and a compulsory liquidation?
A Creditors' Voluntary Liquidation (CVL) is initiated by the company's directors and shareholders when the company is insolvent but can still make its own decision to close. It is a voluntary process that avoids court involvement. A compulsory liquidation is a court-ordered winding-up, usually initiated by a creditor who petitions the court to force the company into liquidation. In a CVL, the directors choose the liquidator, whereas in a compulsory liquidation, the Official Receiver or a court-appointed insolvency practitioner takes control.
Can I continue trading during liquidation in Ilkeston?
Once a formal liquidation process begins, the liquidator takes control of the company, and directors lose their authority to trade. However, in some cases, the liquidator may continue trading temporarily to complete work in progress or sell assets as a going concern. If you are considering liquidation, it is crucial to seek professional advice before making any decisions, as trading while insolvent can lead to personal liability for directors.
What happens to employees when a company is liquidated in Ilkeston?
When a company enters liquidation, all employees are automatically dismissed from the date of the liquidation order or resolution. The liquidator is responsible for ensuring employees receive their statutory redundancy pay, unpaid wages, holiday pay, and other entitlements. Employees may claim these from the National Insurance Fund through the Redundancy Payments Service, and the liquidator will provide the necessary forms and guidance. We handle this process sensitively to support affected staff.
Can a director be held personally liable for company debts in Ilkeston?
Generally, directors are not personally liable for company debts if they have acted within the law. However, personal liability can arise if a director has traded wrongfully, traded fraudulently, or been involved in misfeasance (breach of duty). The liquidator investigates director conduct and may seek compensation or disqualification if wrongdoing is found. To avoid personal risk, directors should seek early advice and act in the best interests of creditors once insolvency is apparent.
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