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.
SG CONTRACTOR ACCOUNTING LIMITED
SG Accounting was established in 1995 to service the accountancy and taxation needs of professional contractors and freelancers. We are based in Winc...See More
Marden & Co Accountants Ltd
We are a two partner accountancy practice based in Epsom, serving Sutton, Banstead, Reigate, Dorking & across Surrey. We provide professional accounta...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
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
QUENTELA ACCOUNTING LIMITED
Quentela Accounting is a family run accountancy practise based in Wokingham, Berkshire. We are a small business but with an emphasis on BIG commitment...See More
Central London Accountants
We are proud partners of leading software provider firm Xero, and we can help if you require Xero Accountants in London, Xero training, or need remote...See More
Cheap - Accountants
As a small business owner, your main focus is to work on your business strengths to help it grow, and you can’t just achieve it through juggling every...See More
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
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
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
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
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
Accounting etc. limited
We are a small firm of Chartered Management Accountants dedicated to providing you with a high quality accountancy service and sound business advice a...See More
Frequently asked questions
What is the role of a company liquidator in Littlehampton?
A company liquidator in Littlehampton is a licensed insolvency practitioner who takes control of a company that is being closed down. Their role is to collect and sell the company's assets, investigate the company's affairs, pay creditors in the correct legal order, and distribute any remaining funds to shareholders. They also ensure that all legal requirements are met and that the company is formally dissolved at Companies House.
How much does company liquidation cost in Littlehampton?
The cost of company liquidation in Littlehampton varies depending on the complexity of the case, the size of the company, and the number of creditors. Typically, fees range from £4,000 to £8,000 plus VAT, but for more complex cases, costs can be higher. We always provide a clear, fixed-fee quote before any work begins, so you know exactly what to expect with no hidden charges.
What is the difference between a Creditors Voluntary Liquidation (CVL) and compulsory liquidation?
A Creditors Voluntary Liquidation (CVL) is initiated by the directors of an insolvent company when they decide to close the business voluntarily. It involves a meeting of shareholders and creditors to approve the liquidation. Compulsory liquidation, on the other hand, is a court-ordered process, usually initiated by a creditor who obtains a winding-up petition against the company. A CVL is generally less stressful and gives directors more control over the process.
Can I liquidate my own company in Littlehampton if it is solvent?
Yes, if your company is solvent and you wish to close it down, you can use a Members' Voluntary Liquidation (MVL) process. This is a formal procedure that requires a licensed liquidator to certify that the company can pay its debts in full within a specified period, usually 12 months. An MVL can be tax-efficient for extracting retained profits as capital rather than income, but you must have a declaration of solvency signed by all directors.
What happens to employees when a company goes into liquidation?
When a company goes into liquidation, employees are made redundant immediately. The liquidator becomes responsible for their claims, including unpaid wages, holiday pay, and redundancy pay. Employees may be able to claim certain statutory payments from the National Insurance Fund through the Redundancy Payments Service. The liquidator will provide each employee with the necessary forms (RP1, RP2, etc.) to make these claims.
How long does the company liquidation process take in Littlehampton?
The length of the liquidation process depends on the complexity of the company's affairs. A straightforward Creditors Voluntary Liquidation (CVL) can often be completed within 6 to 12 months, which includes the initial meeting, asset realisation, and final distribution to creditors. However, if there are complex legal issues, disputes, or significant asset sales, the process can take longer. Your liquidator will provide a timeline based on your specific circumstances.
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