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
ADD- WORTH ACCOUNTANCY LTD
Helping business owners make sense of their numbers. 30+ years of progressive finance and accounting experience in various industries. Offering expert...See More
Matrix Accountancy Services
"Offering a friendly and professional service, I provide ongoing advice and support for every stage of your business journey. As an AAT Licensed Acc...See More
Matrix Accountancy Services Limited
Will Farmer FMAAT, AAT Licensed Accountant and Director of Matrix Accountancy Services Limited Hi I'm Will, In 2012 I...
Pharmatax
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Capital Accountancy - Accountants & Tax Advisors
WE at CAPITAL ACCOUNTANCY specialises in helping small-to-medium sized businesses, sole traders, contractors and landlords. We make sure you pay the r...See More
Naseems Accountants
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Raven Solution
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AMSTOR ACCOUNTANTS LIMITED
Amstor Accountants Limited T/A Premier Accountants, Auditors and Tax Advisers want to help you pay less tax and keep more of the profit your business ...See More
Zak Partnership
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Msi Accountancy Services
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FLEXIE ACCOUNTANTS LTD
Flexie Accountants is a reputable accounting firm, providing accounting, finance and tax services to sole traders, partnership and Limited companies. ...See More
Modus Accountants Limited
Whether you are looking for advice, inspiration, accountancy services or all three, our integrated services will provide as much or as little su...See More
DOLAN ACCOUNTANCY LIMITED
If our name sounds familiar, don’t be surprised. Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. A...See More
TAA CONSULTANTS LTD
TAA Consultants- Super Accountants 69201 - Accounting and auditing activities 69202 - Bookkeeping activities
John Lavender accounting ltd
John Lavender Accounting Firm is a beacon of precision and expertise in the financial landscape. With a legacy steeped in integrity and excellence, we...See More
T.Y.E BOOKKEEPING LTD
For all your bookkeeping needs from self assessments, VAT returns, EC Sales List, general bookkeeping for sole traders or small businesses. I work on ...See More
Frequently asked questions
What is the difference between a CVL and an MVL?
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 where directors declare solvency and wish to wind down voluntarily. Our liquidators in Lower Boddington will assess your situation and recommend the correct procedure.
How much does company liquidation cost in Lower Boddington?
Costs vary depending on the complexity of the liquidation, asset values, and creditor structure. For a CVL, fees typically range from £3,000 to £6,000 plus VAT, but we provide fixed-fee quotes after a free consultation. MVL costs are often lower. We offer transparent pricing with no hidden charges.
Can I keep trading while my company is being liquidated?
No. Once a formal liquidation begins, directors lose control and trading must cease immediately, except for limited actions to preserve asset value. However, before liquidation, you can continue trading if it does not worsen creditor position. Our advisors will guide you on the correct timing.
What happens to company assets during liquidation?
A licensed liquidator takes control of all company assets, including cash, property, equipment, and intellectual property. They will realise these assets to generate funds for creditors. Any assets that are subject to floating charges or fixed charges are handled according to statutory priority rules.
Will I be personally liable for company debts after liquidation?
In most cases, no. Limited liability protects directors from personal liability for company debts. However, if you have given personal guarantees, acted fraudulently, or traded wrongfully, you may be held liable. Our liquidators can advise on your specific exposure and help mitigate risks.
How long does the liquidation process take in Lower Boddington?
A typical CVL takes between 6 to 12 months to complete, depending on asset realisation and creditor claims. An MVL can be faster, often closing within 3 to 6 months. We keep you updated throughout and work to expedite the process while ensuring legal compliance.
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