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
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
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
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
PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...See More
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
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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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
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...See More
MJF ACCOUNTANCY LIMITED
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
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
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
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
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Norbury Bookkeeping Services
We offer a complete bookkeeping and computerized payroll service throughout Cheshire and South Manchester and are able to offer support for all financ...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
Oakes Accounting
Oakes Accounting specializes in providing tailor made accounting services, including bookkeeping, VAT and self assessment to small businesses.
Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...See More
Frequently asked questions
What are the main types of company liquidation available in Makerfield?
In Makerfield, the main types are Creditors' Voluntary Liquidation (CVL) for insolvent companies, where directors choose to wind up voluntarily; Compulsory Liquidation, which is forced by a court order typically from a creditor; and Members' Voluntary Liquidation (MVL) for solvent companies that wish to close, often for tax efficiency. Our licensed insolvency practitioners will assess your financial position and recommend the most suitable option.
How much does it cost to liquidate a company in Makerfield?
The cost of liquidation in Makerfield varies depending on the complexity of your case, the size of your company, and the type of liquidation required. For a Creditors' Voluntary Liquidation, fees typically start from around £4,000 plus VAT, but we always provide a fixed fee quote after an initial free review. Our fees are transparent with no hidden charges, and we ensure that all costs are approved by creditors as part of the statutory process.
Can I liquidate my company if it has no assets or money left?
Yes, it is possible to liquidate a company with no assets, but you may need to consider a process called a Creditors' Voluntary Liquidation with no assets. In such cases, the director may need to fund the liquidation costs personally, or we can explore alternatives like a striking-off application if the company has no debts. Our team will advise you on the most cost-effective solution based on your specific circumstances.
What happens to employees when a company is liquidated in Makerfield?
When a company enters liquidation, employees are made redundant automatically. The appointed liquidator is responsible for ensuring that employees receive their statutory entitlements, including unpaid wages, holiday pay, and redundancy pay. These claims are typically paid from the National Insurance Fund through the Redundancy Payments Service. The liquidator will provide all necessary forms and guidance to each affected employee.
How long does the company liquidation process take in Makerfield?
A Creditors' Voluntary Liquidation in Makerfield usually takes between 6 to 12 months to complete, depending on the complexity of the company's affairs, such as asset realisation and investigation of director conduct. Compulsory liquidation can take longer due to court procedures. Members' Voluntary Liquidation for solvent companies often completes within 3 to 6 months. We provide a clear timeline at the start and keep you updated throughout.
Can directors be held personally liable for company debts during liquidation?
Directors are generally not personally liable for company debts if they have acted within the law and fulfilled their fiduciary duties. However, personal liability can arise if there is evidence of wrongful trading, fraudulent trading, or misfeasance, such as taking excessive director loans or continuing to trade while insolvent. Our experts will review your conduct to identify any potential risks and advise you on how to mitigate them before liquidation begins.
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