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Financial Claims Consultants
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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
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...

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
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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
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HUBBLE ACCOUNTANCY LTD
This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.

Accounting etc. limited
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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
Modus Accountants Limited
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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

BARNES MAYER LIMITED
Barnes Mayer Ltd is an independent, family run business providing accounting and taxation services throughout Maidenhead, Berkshire and Buckinghamshir...See More

TITUS ACCOUNTS LTD
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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

DIrect Assist accountants Ltd
Direct Assist accountants Ltd is one of the fastest growing chartered accountants firm serving businesses and individuals from different industries fr...See More

OVAL ACCOUNTANTS LTD
Your Bookkeeping, Accounting And Self Assessment Experts, Here To Bring You The Highest Standard Of Service.

EXPEDIENT ACCOUNTANCY
Expedient Accountancy Limited provides a wide range of expert accounting services. We are a partnership of 3 Chartered Certified Accountants with more...See More
Frequently asked questions
What is the role of a company liquidator in Kent?
A company liquidator in Kent is a licensed insolvency practitioner who takes control of a company that is being wound up. Their role includes gathering and valuing company assets, selling those assets to repay creditors, investigating the company's financial affairs, and ensuring that all legal and statutory obligations are met. They also handle communication with creditors, employees, and regulatory bodies, and they prepare final accounts and reports to close the company formally.
How much does it cost to appoint a liquidator in Kent?
The cost of appointing a liquidator in Kent varies depending on the complexity of the case, the size of the company, and the type of liquidation. For Creditors Voluntary Liquidation (CVL), fees are typically based on a fixed fee or a percentage of the assets realized, and they are paid from the company's assets. For Members Voluntary Liquidation (MVL), fees are often agreed upon in advance and can range from £1,500 to £5,000 or more. Always request a clear fee quote before proceeding.
What is the difference between CVL and MVL liquidation?
Creditors Voluntary Liquidation (CVL) is used when a company is insolvent and cannot pay its debts. It is initiated by the directors but involves a meeting of creditors. Members Voluntary Liquidation (MVL) is used when a company is solvent but the directors wish to close it down, often for tax efficiency or retirement purposes. In MVL, the company can pay all its debts in full, and the process is simpler and less costly than a CVL.
Can a liquidator be held personally liable for company debts?
No, a properly appointed liquidator is not personally liable for the company's debts. The liquidator acts as an agent of the company and is responsible for managing the liquidation process. However, if a liquidator acts negligently, fraudulently, or breaches their fiduciary duties, they could face personal liability for losses caused to creditors or the company. It is essential to choose a licensed and experienced insolvency practitioner to avoid such risks.
How long does a company liquidation take in Kent?
The duration of a company liquidation in Kent depends on the complexity of the case. A straightforward Creditors Voluntary Liquidation (CVL) typically takes between 6 to 12 months to complete, while a Members Voluntary Liquidation (MVL) can be completed in as little as 3 to 6 months. More complex cases involving legal disputes, asset recovery, or investigations can take longer. Your liquidator will provide an estimated timeline at the outset.
What happens to employees during a company liquidation?
When a company goes into liquidation, employees are automatically made redundant from the date the liquidation order is made. The liquidator is responsible for ensuring that employees receive their statutory redundancy pay, unpaid wages, holiday pay, and other entitlements. These claims are paid from the National Insurance Fund if the company lacks sufficient assets. The liquidator will also assist employees with completing claims to the Redundancy Payments Service.
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