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
NIXON WILLIAMS LIMITED
Nixon Williams has been providing specialist accountancy services to contractors, freelancers, consultants and interim professionals throughout the UK...See More
Holden Associates
Holden Associates are a family run business founded in 2002, we are located at V12, Merlin Park, a modern purpose-built office in Burscough, Lancashir...See More
LLOYDS ACCOUNTANTS LTD
We offer accounts, taxation and business advisory and support services to a wide range of businesses and individuals, nationwide. We continue to build...See More
GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More
C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
MJF ACCOUNTANCY LIMITED
TI Accountancy Limtied
TI Accountancy was established in 2002 by its owner Tracy Irwin, who grew the company organically through her hard work and determination to the Emplo...See More
Oakes Accounting
Oakes Accounting specializes in providing tailor made accounting services, including bookkeeping, VAT and self assessment to small businesses.
BROOKSON LIMITED
Why Brookson? There are plenty of reasons. We’re specialists at dealing with self-employed finances, and have been doing this for over 20 years, so we...See More
PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...See More
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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Athena Bookkeeping Services
Athena Accounting and Bookkeeping Services. ?Let us take good care of your finances giving you more time to focus on the day to day running of your bu...See More
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
Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...See More
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...See More
Clarity Accountants
We work closely with our clients and act for a broad range of business and personal clients. Apart from the more general accountancy services we can a...See More
ACCOUNTS 2U LIMITED
Our director, Howard Turner MAAT ATT, qualified as an accounting and taxation technician in 1995 after training with chartered accountants in Cheshire...See More
Sambhav Management Limited
Since 2012, we’ve offered clients the tools, resources and guidance necessary for all their accounting needs. Clients receive the personalized attenti...See More
Frequently asked questions
What are the first steps to liquidate a company in Lytham?
The first step is to contact our team for a free, confidential consultation. We will review your company's financial position, outstanding debts, and assets. We then advise on the most appropriate type of liquidation, typically a Creditors Voluntary Liquidation (CVL) for insolvent companies. We will also explain the statutory requirements, including director responsibilities and the need for a shareholder meeting to pass a resolution.
How much does company liquidation cost in Lytham?
The cost of liquidation varies depending on the complexity of the company's affairs, the number of assets, and the level of creditor involvement. For a straightforward CVL, fees typically range from £3,000 to £6,000 plus VAT and disbursements. We provide a fixed-fee quote after our initial assessment, ensuring no hidden costs. We also consider any available company assets to cover fees before director contributions are discussed.
Can I keep trading while my company is being liquidated?
Once a formal liquidation process begins, the appointed liquidator takes control of the company, and trading must cease unless the liquidator specifically allows it to continue for a limited period to maximize asset value or complete outstanding contracts. Prior to the liquidation appointment, directors can continue trading but must avoid wrongful trading. We advise seeking professional guidance immediately if insolvency is suspected.
What happens to company debts and creditors during liquidation?
During liquidation, all unsecured debts are frozen. The liquidator will assess all creditor claims, verify their validity, and distribute any available funds from the sale of assets according to a legal hierarchy. Secured creditors (like banks) are paid first, followed by preferential creditors (like employees), then unsecured creditors. Any remaining debts are written off at the end of the process.
Will I be personally liable for company debts after liquidation?
Generally, directors of a limited company are not personally liable for company debts, provided they have not acted fraudulently or wrongfully. However, if personal guarantees were signed for loans or credit, those guarantees can be enforced by creditors. The liquidator will investigate director conduct. If any misconduct is found, personal liability may arise. We guide you to avoid such pitfalls.
How long does the liquidation process take in Lytham?
A Creditors Voluntary Liquidation typically takes between 6 to 12 months to complete, but the process can be longer if there are complex asset sales, ongoing legal disputes, or if the company's records are incomplete. The liquidator must also wait for the statutory period for creditors to submit claims. We work efficiently to close the process as quickly as possible while ensuring full compliance.
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