ACCOTAX - Accountants & Tax Consultants
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Cruse+Burke
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Owadally & Kings Partnership
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Cruse + Burke
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Taxaccolega Chartered Accountants & Tax Advisers
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APRC Accountants
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Coman And Co Ltd
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EFJ CONSULTING LTD
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Abu Umar & Co.
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Future Formations Ltd
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Central London Accountants
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Cheap - Accountants
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London Accountants
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Marden & Co Accountants Ltd
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Earne
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Frequently asked questions
What is the role of a company liquidator in Keston?
A company liquidator in Keston is a licensed insolvency practitioner who manages the winding-up of a company. Their role includes realising assets, settling creditor claims, investigating director conduct, and distributing any remaining funds to shareholders. They ensure the process follows the Insolvency Act 1986 and provide professional guidance to directors and creditors throughout the liquidation.
How much does company liquidation cost in Keston?
The cost of company liquidation in Keston varies depending on the complexity of the case, the size of the company, and the type of liquidation required. For a Creditors Voluntary Liquidation (CVL), fees typically range from £3,000 to £6,000 plus VAT, but many Keston liquidators offer fixed-fee packages. Members Voluntary Liquidation (MVL) costs are often lower for solvent companies. Always request a detailed quote before proceeding.
What is the difference between CVL and MVL in Keston?
A Creditors Voluntary Liquidation (CVL) is used for insolvent companies where directors cannot pay debts, while a Members Voluntary Liquidation (MVL) is for solvent companies that wish to close. In a CVL, creditors control the process and may receive partial repayment, whereas in an MVL, shareholders distribute surplus assets after all debts are settled. Keston liquidators will advise which route applies to your situation.
Can a company liquidator in Keston help with director redundancy claims?
Yes, a company liquidator in Keston can assist directors with redundancy claims through the Redundancy Payments Service (RPS). If you are a director and an employee of your company, you may be entitled to statutory redundancy pay, notice pay, and holiday pay. The liquidator will provide the necessary forms and evidence to support your claim, but eligibility depends on your employment contract and shareholding.
How long does the liquidation process take in Keston?
The duration of liquidation in Keston depends on the complexity of the case. A simple CVL can be completed in 6 to 12 months, while MVLs for solvent companies often conclude within 3 to 6 months. Compulsory liquidations may take longer due to court involvement. Your Keston liquidator will provide a realistic timeline after assessing your company's financial records and asset structure.
What happens to company assets during liquidation in Keston?
During liquidation in Keston, the liquidator takes control of all company assets, including property, equipment, stock, and intellectual property. These assets are valued and sold to raise funds for creditors. Secured creditors are paid first, followed by preferential creditors like employees, and then unsecured creditors. Any surplus after all debts and liquidation costs is distributed to shareholders in an MVL.
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