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
TI Accountancy Limtied
TI Accountancy was established in 2002 by its owner Tracy Irwin, who grew the company organically through her hard work and determination to the Emplo...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
Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...See More
NIXON WILLIAMS LIMITED
Nixon Williams has been providing specialist accountancy services to contractors, freelancers, consultants and interim professionals throughout the UK...See More
LFR Accounting
Accountancy and taxation services
Holden Associates
Holden Associates are a family run business founded in 2002, we are located at V12, Merlin Park, a modern purpose-built office in Burscough, Lancashir...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
Holdsworth Accountancy
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C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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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
PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...See More
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
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...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
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
Sabre Accountants
Sabre Accountants have built up a fantastic reputation as a trustworthy, affordable & reliable accountancy service. We provide accountancy services a...See More
Frequently asked questions
What is the difference between a CVL and an MVL in Kendal?
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 that wish to close, typically for tax efficiency or retirement. Our licensed liquidators in Kendal will assess your financial position and recommend the correct procedure.
How much does a company liquidation cost in Kendal?
The cost of liquidation varies based on the complexity of your company's affairs, number of creditors, and asset values. For a straightforward CVL, fees typically range from £4,000 to £6,000 plus VAT and disbursements. We provide fixed-fee quotes after a free initial consultation, with no hidden charges.
Can I continue trading while my company is in liquidation?
No. Once a liquidation order is made, directors lose control of the company, and the liquidator takes over. However, before liquidation, you may continue trading if it does not worsen creditor positions. Our insolvency experts can advise on the correct timing to cease trading to avoid wrongful trading claims.
What happens to employees if my Kendal company goes into liquidation?
Employees are made redundant immediately upon liquidation. They can claim statutory redundancy pay, unpaid wages, holiday pay, and notice pay from the National Insurance Fund via the Redundancy Payments Service. The liquidator will provide each employee with the necessary forms (RP1, RP2, and RP3) and guide them through the process.
Will I be personally liable for company debts after liquidation?
Generally, no, as limited liability protects directors. However, personal liability can arise if you have given personal guarantees, traded wrongfully or fraudulently, or misused company funds. Our liquidators will investigate your conduct and advise on any potential risks during your free consultation.
How long does the liquidation process take in Kendal?
A CVL typically completes within 6 to 12 months, depending on asset realisation and creditor claims. An MVL can be faster, often closing within 3 to 6 months. Complex cases involving litigation or overseas assets may take longer. We provide a timeline estimate after reviewing your company's records.
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