ACCOTAX - Accountants & Tax Consultants
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Holdsworth Accountancy
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MGM & CO. Chartered Certified Accountants
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Accounting 4 Ltd
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Pepperhill Associates
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Mind Your Assets Accounts
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Clarity Accountants
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Harris Rosenberg Chartered Accountants
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Cheaper Accountant
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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
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Norbury Bookkeeping Services
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PAYLESS ACCOUNTING & OUTSOURCING LIMITED
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Sambhav Management Limited
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LLOYDS ACCOUNTANTS LTD
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GE ACCOUNTANCY LTD
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C & B Accounting Solutions Ltd
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BROOKSON LIMITED
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ACCOUNTS 2U LIMITED
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Frequently asked questions
What is the difference between CVL and MVL in Leeds?
A Creditors Voluntary Liquidation (CVL) is used when a company is insolvent and cannot pay its debts. An MVL (Members Voluntary Liquidation) is for solvent companies that need to close, typically for tax efficiency or retirement. Our Leeds liquidators assess your financial position and recommend the correct procedure.
How much does company liquidation cost in Leeds?
Costs vary based on company complexity, asset values, and creditor numbers. For a standard CVL, fees typically range from £3,000 to £6,000 plus VAT, which can be paid from company assets. We provide fixed-fee quotes upfront with no hidden charges, and we offer free initial consultations.
Can I keep trading after appointing a liquidator in Leeds?
No. Once a liquidator is appointed, they take control of the company. Trading must cease immediately unless the liquidator agrees to continue for a short period to sell stock or complete contracts. Our team will guide you on the legal timeline and your responsibilities.
What happens to employees during liquidation in Leeds?
Employees are made redundant on the date of liquidation. They can claim statutory redundancy pay, unpaid wages, and holiday pay from the National Insurance Fund. Our liquidators provide each employee with the necessary forms (RP1) and explain the claims process step-by-step.
How long does a company liquidation take in Leeds?
A CVL typically takes 6 to 12 months to complete, depending on asset realisation and creditor claims. An MVL can be faster, often 3 to 6 months. After the final meeting, the company is dissolved and removed from Companies House register.
Will I be personally liable for company debts after liquidation?
Generally, no, unless you have given personal guarantees or acted wrongfully (e.g., trading while insolvent). A properly conducted liquidation releases directors from most debts. Our Leeds liquidators review your conduct and help you avoid personal liability issues.
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