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
OVAL ACCOUNTANTS LTD
Your Bookkeeping, Accounting And Self Assessment Experts, Here To Bring You The Highest Standard Of Service.
Marden & Co Accountants Ltd
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APRC Accountants
We are a forward thinking firm of Chartered, Certified Public Accountants & Tax Advisers and Chartered Payroll Professionals established in 2005 in th...See More
Tax Cruncher
Tax Cruncher is an online accounting &Tax consulting firm serving clients nationwide. Our aim is to help SMEs to grow their business by crunching thei...See More
Cruse + Burke
As one of the leading accountants in Croydon, we are forward thinking in the way we approach your business requirements and the way we give you except...See More
Cruse+Burke
As one of the leading accountants in Croydon, we are forward thinking in the way we approach your business requirements and the way we give you except...See More
Owadally & Kings Partnership
At O&K we aspire to be one of the most forward thinking accountancy firms in Croydon. Our dedicated in-house team, and external specialists, based in ...See More
TITUS ACCOUNTS LTD
I know that telling you the truth won’t make me very popular with other accountants. If I'm honest I never liked them much anyway. Chances are (if yo...See More
Taxaccolega Chartered Accountants & Tax Advisers
As one of the brightest firms of chartered accountants in London, UK, Taxaccolega, based in Croydon, combines the passion and creative thinking of a s...See More
Central London Accountants
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London Accountants
We have been providing a range of tailored accounting and taxation services to individuals as well as small and medium sized businesses. See More
Cheap - Accountants
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Abu Umar & Co.
Welcome to Abu Umar & Co. We are a small Accounting firm, based in London, We specialize in dealing with all accounting problems. As we have been o...See More
Fitzgeralds Accountants Limited
We are a well established firm of accountants and tax advisors based in South West London, dealing with small businesses and high net worth individual...See More
Financial Partnership London
The Financial Partnership LLP, London, is a young, dynamic and innovative firm of Accountants & Business Advisors who can help improve the performance...See More
" Accountify – Chartered Certified Accountants"
A firm of Chartered Certified Accountants based in London and Portsmouth. Accountify is an established brand in Accounting and Tax, serving its client...See More
Coman And Co Ltd
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Frequently asked questions
What is the difference between a CVL and an MVL in Lancing?
A Creditors' Voluntary Liquidation (CVL) is for insolvent companies that cannot pay their debts, initiated by directors to wind up affairs and avoid compulsory liquidation. A Members' Voluntary Liquidation (MVL) is for solvent companies where directors declare solvency, allowing for tax-efficient distribution of assets. Our Lancing liquidators assess your financial status and recommend the correct procedure.
How much does company liquidation cost in Lancing?
Costs vary based on company size, asset complexity, and creditor numbers. For a simple CVL, fees typically range from £3,000 to £6,000 plus VAT, while MVLs may be fixed or time-based. We provide transparent, fixed-fee quotes after a free consultation, ensuring no hidden costs and full clarity before you proceed.
Can I keep my business assets during liquidation?
In a CVL, assets are controlled by the liquidator to repay creditors, so you generally cannot keep them unless you repurchase them at market value. In an MVL, assets are distributed to shareholders after debts are settled. Our advisors explain all options to help you retain what is legally permissible.
How long does the liquidation process take in Lancing?
A CVL typically completes in 6 to 12 months, depending on asset realisation and creditor claims. An MVL can be faster, often 3 to 6 months. We handle all paperwork efficiently, but HMRC and court timelines can affect duration. We provide realistic schedules from the start.
What are the legal duties of a director during liquidation?
Directors must cooperate fully with the liquidator, provide accurate financial records, disclose all assets and liabilities, and avoid preferential payments or wrongful trading. Failure to comply can lead to personal liability or disqualification. Our Lancing liquidators guide you through every requirement to ensure compliance.
Will I be personally liable for company debts after liquidation?
Generally, no. Limited liability protects personal assets if the company is insolvent, provided you have not given personal guarantees or acted fraudulently. However, directors' loans or guarantees may be recoverable. We review your situation to explain potential risks and help mitigate them before liquidation.
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