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
MJF ACCOUNTANCY LIMITED
Oakes Accounting
Oakes Accounting specializes in providing tailor made accounting services, including bookkeeping, VAT and self assessment to small businesses.
C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
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
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
GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More
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
PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...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
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
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
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
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
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...See More
THE FINANCIAL MANAGEMENT CENTRE UK LTD
Online firm
J. Jervis Accounting Services LTD
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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 does a company liquidator in Kensington do?
A company liquidator in Kensington is a licensed insolvency practitioner who manages the formal closure of a company. Their duties include realising assets, settling creditor claims, investigating the company's affairs, and ensuring legal compliance. They also handle employee redundancies, tax filings, and the final dissolution of the company from Companies House.
When should I consider appointing a liquidator for my company?
You should consider appointing a liquidator if your company is insolvent, meaning it cannot pay its debts as they fall due, or if you wish to close a solvent company through a Members Voluntary Liquidation (MVL). Signs include creditor pressure, winding-up petitions, or cash flow problems. Early advice from a professional is crucial to avoid wrongful trading claims.
What is the difference between CVL and MVL?
A Creditors Voluntary Liquidation (CVL) is used for insolvent companies, where directors initiate the process to avoid compulsory winding-up. A Members Voluntary Liquidation (MVL) is for solvent companies, allowing shareholders to distribute surplus assets tax-efficiently. Both require a licensed insolvency practitioner, but the procedures and implications differ significantly.
How long does the liquidation process take in Kensington?
The length of a liquidation varies. A simple Members Voluntary Liquidation (MVL) can be completed in as little as six to nine months, while a Creditors Voluntary Liquidation (CVL) may take 12 to 18 months, depending on the complexity of the company's assets, creditor claims, and any investigations required. Your liquidator will provide a timeline after reviewing your case.
Will I be personally liable for company debts after liquidation?
Generally, no. Limited liability protects directors from personal liability for company debts, provided they have not acted wrongfully or fraudulently. However, if you have given personal guarantees, made unlawful dividends, or traded while insolvent without proper advice, you may be held personally responsible. A Kensington liquidator can assess your situation and advise on potential risks.
Can a company continue trading during liquidation?
No. Once a company enters liquidation, the liquidator takes control, and the directors' powers cease. Trading is only allowed for the purpose of winding up the company's affairs, such as completing existing contracts or selling stock. The liquidator will manage this process to maximise returns for creditors while ensuring legal compliance.
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