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
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
DEAD SIMPLE ACCOUNTING LTD
Dead Simple Accounting is an expert accounting firm based in Reading, Berkshire. We’ve been supporting the local business community in Reading with a ...See More
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
Kings Oak Accountancy
Accountants based in Bristol, Bath & Somerset providing accounting and tax services to small and medium size owner-managed businesses. Our services in...See More
KINGS OAK ACCOUNTANCY (SOMERSET) LTD
We are a small firm of Accountants based in Somerset. Michael is a fellow of the Chartered Institute of Management Accounting with over 30 years expe...See More
Turner Barratt
At Turner Barratt we believe that we have something unique to offer. Just Corporate Finance Turner Barratt are Chartered Accountants who are dedicate...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
HUBBLE ACCOUNTANCY LTD
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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
The Bean Counters Accountants LLP
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TKI Bookkeeping & Accounts
Hello and welcome to my site, I am qualified by the The Institute of Certified Bookkeepers and have attained highest level qualification, Level 4 Dipl...See More
BARNES MAYER LIMITED
Barnes Mayer Ltd is an independent, family run business providing accounting and taxation services throughout Maidenhead, Berkshire and Buckinghamshir...See More
Financial Claims Consultants
Financial Claims Consultants offer No Win No Fee Pension Claims – we help clients&...
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
DIrect Assist accountants Ltd
Direct Assist accountants Ltd is one of the fastest growing chartered accountants firm serving businesses and individuals from different industries fr...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
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
EXPEDIENT ACCOUNTANCY
Expedient Accountancy Limited provides a wide range of expert accounting services. We are a partnership of 3 Chartered Certified Accountants with more...See More
Frequently asked questions
What are the main duties of a company liquidator in Marlborough?
A company liquidator in Marlborough is responsible for taking control of the company's assets, investigating its financial affairs, realising assets for the benefit of creditors, and distributing any proceeds according to the legal priority order. They also handle the cancellation of the company from the New Zealand Companies Register, deal with employee claims, and report any potential illegal or reckless trading activities to the appropriate authorities. Their primary duty is to act in the best interests of creditors while ensuring compliance with all relevant legislation.
How much does it cost to liquidate a company in Marlborough?
The cost of liquidating a company in Marlborough varies depending on the complexity of the case, the number of assets and creditors, and whether the company is solvent or insolvent. For a simple solvent liquidation, fees can range from $2,000 to $5,000 plus GST. For an insolvent liquidation, costs are often higher and are typically paid from the realisation of company assets. We provide a fixed-fee quote after an initial free assessment, so you know exactly what to expect with no hidden charges.
What is the difference between a creditors' voluntary liquidation and a compulsory liquidation?
A creditors' voluntary liquidation (CVL) is initiated by the company's shareholders and directors when they determine the company is insolvent. They appoint a liquidator, and creditors are then notified and can appoint their own choice of liquidator at a meeting. A compulsory liquidation is ordered by the High Court, usually following a creditor's application for a winding-up order due to unpaid debts. In a compulsory liquidation, the court appoints the liquidator, and the process is more formal and often more costly.
Can a director personally be held liable for company debts during liquidation in Marlborough?
Generally, directors are not personally liable for company debts if they have acted in good faith and complied with their duties under the Companies Act 1993. However, personal liability can arise if there has been reckless or fraudulent trading, if the company has traded while insolvent, or if directors have breached their duties, such as by taking excessive salaries or transferring assets at undervalue. A liquidator will investigate director conduct and may pursue recovery actions against directors if such breaches are found.
How long does the company liquidation process take in Marlborough?
The duration of a liquidation in Marlborough depends on the complexity of the company's affairs. A straightforward solvent liquidation can often be completed within 3 to 6 months, from the date of appointment to the final cancellation of the company. An insolvent liquidation may take longer, often 6 to 12 months or more, especially if there are complex asset realisations, disputes with creditors, or investigations into director conduct. We provide a realistic timeline after our initial review.
What happens to employees when a company goes into liquidation in Marlborough?
When a company goes into liquidation, all employees are automatically made redundant from the date of the liquidation order or resolution. The liquidator is responsible for ensuring that employees receive their entitlements, such as unpaid wages, holiday pay, and redundancy compensation, but only if funds are available. Employee claims are preferential, meaning they are paid before unsecured creditors, but after secured creditors with a valid charge. The liquidator will advise employees on how to claim and what to expect.
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