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
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
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
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
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
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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
PAYLESS ACCOUNTING & OUTSOURCING LIMITED
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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
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...See More
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
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
MJF ACCOUNTANCY LIMITED
GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More
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
Oakes Accounting
Oakes Accounting specializes in providing tailor made accounting services, including bookkeeping, VAT and self assessment to small businesses.
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
J. Jervis Accounting Services LTD
THE FINANCIAL MANAGEMENT CENTRE UK LTD
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Frequently asked questions
What is the role of a company liquidator in Knutsford?
A company liquidator in Knutsford is a licensed insolvency practitioner who manages the winding-up of an insolvent company. Their role includes securing and valuing company assets, investigating the company's financial affairs, notifying and communicating with creditors, settling outstanding debts where possible, and finally dissolving the company from the Companies House register. They also ensure that directors comply with their legal duties and can investigate any potential misconduct.
How much does company liquidation cost in Knutsford?
The cost of company liquidation in Knutsford varies depending on the complexity of the case, but many licensed practitioners offer fixed-fee packages for a standard Creditors Voluntary Liquidation (CVL). Typical fees can range from £3,000 to £7,000 plus VAT and disbursements, which cover the liquidator's time, statutory advertising, and administrative costs. It is essential to obtain a detailed quote upfront to avoid unexpected charges.
What is the difference between a CVL and compulsory liquidation?
A Creditors Voluntary Liquidation (CVL) is initiated by the company's directors and shareholders when the company is insolvent, and a licensed insolvency practitioner is appointed to wind up the company voluntarily. In contrast, compulsory liquidation is a court-ordered process, usually started by a creditor who petitions the court to wind up the company. In a CVL, directors retain more control over the process, while in compulsory liquidation, the court and official receiver take charge.
Can I continue trading after my company enters liquidation in Knutsford?
No, once a company enters liquidation, the liquidator takes over control of the business, and the directors' powers cease. Trading is generally not permitted except for the sole purpose of winding up the company's affairs in a beneficial way, such as completing existing contracts to maximise asset value. Any continued trading without the liquidator's approval could lead to personal liability for the directors.
What happens to company assets and employees during liquidation in Knutsford?
During liquidation, the liquidator will secure all company assets, which may be sold to raise funds for creditors. Employees are usually made redundant immediately or shortly after liquidation begins, and they become preferential creditors for unpaid wages and holiday pay (subject to statutory caps). The liquidator will guide employees on how to claim redundancy payments from the National Insurance Fund if the company cannot pay them.
Are directors personally liable for company debts in liquidation?
Directors are generally not personally liable for company debts if they have acted in good faith and complied with their duties, as the company is a separate legal entity. However, personal liability can arise if directors have given personal guarantees, traded wrongfully or fraudulently, or misused company funds. A liquidator can pursue directors for recovery of assets or compensation if such misconduct is found.
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