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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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QUENTELA ACCOUNTING LIMITED
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Frequently asked questions
What are the main types of company liquidation available in Liskeard?
The main types are Creditors Voluntary Liquidation (CVL) for insolvent companies, Compulsory Liquidation which is a court-ordered process usually initiated by creditors, and Members Voluntary Liquidation (MVL) for solvent companies wishing to close. A licensed insolvency practitioner will assess your situation and recommend the most suitable option.
How much does company liquidation cost in Liskeard?
Costs vary depending on the complexity of the company's affairs, asset values, and the number of creditors. For a Creditors Voluntary Liquidation, fees typically range from £3,000 to £7,000 plus VAT and disbursements. We provide a fixed-fee quote after an initial free consultation, so you know the costs upfront with no hidden surprises.
What is the role of a liquidator in Liskeard?
A licensed liquidator takes control of the company, realises its assets, investigates the directors' conduct, and distributes funds to creditors in the statutory order. They also handle legal paperwork, communicate with all parties, and ensure the company is dissolved properly at the end of the process.
Can I continue trading after appointing a liquidator?
No. Once a liquidator is appointed, they take over control of the company, and directors' powers cease. Trading is only permitted in limited circumstances with the liquidator's consent, such as to complete existing contracts for the benefit of creditors. The company will ultimately be struck off the register.
What happens to employees if my company goes into liquidation?
Employees are automatically made redundant when a company enters liquidation. The liquidator will assist with claims for statutory redundancy pay, unpaid wages, holiday pay, and pension contributions from the National Insurance Fund. We also provide guidance on employee rights and the claims process.
Is it possible to liquidate a company with no assets in Liskeard?
Yes. If a company has no assets and cannot pay its debts, a Creditors Voluntary Liquidation can still be initiated. The liquidator's fees are often paid from director contributions or pre-liquidation funds. Alternatively, a directors' application to strike off the company may be possible if it meets certain conditions, but this does not provide a formal insolvency solution.
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