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J. Jervis Accounting Services LTD

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Oakes Accounting
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R Albert Accountancy Ltd
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MJF ACCOUNTANCY LIMITED

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ACCOUNTS 2U LIMITED
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C & B Accounting Solutions Ltd
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Raven Solution
This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.

Naseems Accountants
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Sambhav Management Limited
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Holden Associates
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GE ACCOUNTANCY LTD
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Capital Accountancy - Accountants & Tax Advisors
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Athena Bookkeeping Services
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Frequently asked questions
What are the main types of company liquidation available in Meifod?
In Meifod, the main types are Creditors' Voluntary Liquidation (CVL) for insolvent companies, Members' Voluntary Liquidation (MVL) for solvent companies, and Compulsory Liquidation which is court-ordered. A licensed insolvency practitioner will assess your financial position and recommend the most appropriate option.
How much does it cost to liquidate a company in Meifod?
Costs vary depending on the complexity of the company's affairs, asset value, and the type of liquidation. For a Creditors' Voluntary Liquidation, fees typically range from £4,000 to £8,000 plus VAT, but we provide a fixed-fee quote after a free initial consultation. Members' Voluntary Liquidation costs are often lower as the company is solvent.
How long does the liquidation process take in Meifod?
A Creditors' Voluntary Liquidation generally takes between 6 to 12 months to complete, depending on how quickly assets can be sold and claims resolved. Members' Voluntary Liquidation can be faster, often concluding within 3 to 6 months. Compulsory liquidation timelines vary based on court schedules.
Can I continue trading while my company is being liquidated?
Once a liquidator is appointed, trading must cease immediately except for actions to preserve asset value or complete existing contracts with the liquidator's permission. Continuing to trade without approval could lead to personal liability for directors, so it is crucial to seek professional advice before making any decisions.
What happens to employees during company liquidation in Meifod?
Employees are automatically made redundant when a company enters liquidation. The liquidator will assist employees in claiming redundancy pay, unpaid wages, holiday pay, and notice pay from the National Insurance Fund. We guide employees through the claims process and ensure they understand their statutory rights.
Will I be personally liable for company debts after liquidation?
In most cases, limited liability protects directors from personal responsibility for company debts. However, if wrongful trading, fraudulent activity, or personal guarantees are involved, directors can be held personally liable. Our liquidators investigate all conduct and provide clear advice on potential risks before you proceed.
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