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
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MARLIS BOOKKEEPING & ACCOUNTANCY
The team comprises of Marion and Lisa, a mother and daughter combination, who offe...
Williamslester Brilliant Accounting Services
Our range of services are provided by fully qualified and experienced staff who always monitor, advise and review both new and existing clients. This ...See More
Woody's Payroll & Bookkeeping Services
Here at Woody's we have years of experience in providing a dedicated, professional and highly personal service to our clients. We offer a wide range o...See More
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
Bell Stanley Accountants
Welcome to Bell Stanley Accountants page.
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.
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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
We are a small firm of Accountants based in Somerset. Michael is a fellow of the Chartered Institute of Management Accounting with over 30 years expe...See More
THE FINANCIAL MANAGEMENT CENTRE UK LTD
Online firm
J. Jervis Accounting Services LTD
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R Albert Accountancy Ltd
We are an AAT Licensed accountancy practice providing a professional and friendly service. A new accountancy practice offering fantastic one to one s...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...
MRC Accounting Services
Providing accounting services and solutions
Oakes Accounting
Oakes Accounting specializes in providing tailor made accounting services, including bookkeeping, VAT and self assessment to small businesses.
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
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Raven Solution
This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.
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
Frequently asked questions
What is the role of a company liquidator in Kingsbridge?
A company liquidator in Kingsbridge is a licensed insolvency practitioner who manages the closure of a company. Their role includes realising assets, settling creditor claims, investigating the company's affairs, and ensuring legal compliance. They act in the interests of all stakeholders, particularly creditors, while providing guidance to directors on their duties and potential personal liabilities.
When should a company in Kingsbridge consider voluntary liquidation?
A company in Kingsbridge should consider Creditors Voluntary Liquidation (CVL) when it is insolvent and cannot pay its debts as they fall due. This may be due to cash flow problems, a significant loss of a major client, or a downturn in trade. Directors should seek advice as soon as insolvency is foreseeable to avoid wrongful trading and to protect their legal position.
How much does a company liquidation cost in Kingsbridge?
The cost of a company liquidation in Kingsbridge varies depending on the complexity of the case, the number of assets, and the level of creditor involvement. Most licensed liquidators offer a fixed fee for a standard Creditors Voluntary Liquidation, which can range from £3,000 to £7,000 plus VAT and disbursements. We provide a detailed quote after an initial free consultation.
What are the legal duties of directors during a Kingsbridge liquidation?
During a Kingsbridge liquidation, directors have a duty to cooperate with the liquidator, provide all company records and accounts, and disclose any transactions that may be considered preferences or transactions at undervalue. Directors must also avoid wrongful trading, which means continuing to trade while knowing the company is insolvent. Failure to comply can lead to personal liability, disqualification, or even criminal prosecution.
Can a company in Kingsbridge continue trading after appointing a liquidator?
No, once a liquidator is appointed in a compulsory or creditors' voluntary liquidation, the company's powers to trade cease immediately, except for the purpose of the beneficial winding-up. The liquidator takes control of the company's affairs, and any trading by directors without authorisation is unlawful. In some cases, the liquidator may continue trading for a short period to sell assets or complete contracts.
What is the difference between a solvent and insolvent liquidation in Kingsbridge?
A solvent liquidation, also known as a Members' Voluntary Liquidation (MVL), is used when a company can pay all its debts in full within 12 months. This is often for tax efficiency when closing a profitable business. An insolvent liquidation, such as a Creditors' Voluntary Liquidation (CVL), occurs when the company cannot pay its debts. The process differs significantly in terms of creditor involvement, asset distribution, and director responsibilities.
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