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
J. Jervis Accounting Services LTD
THE FINANCIAL MANAGEMENT CENTRE UK LTD
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R Albert Accountancy Ltd
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MRC Accounting Services
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Oakes Accounting
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AMSTOR ACCOUNTANTS LIMITED
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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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ACCOUNTS 2U LIMITED
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MJF ACCOUNTANCY LIMITED
Capital Accountancy - Accountants & Tax Advisors
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BROOKSON LIMITED
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T.Y.E BOOKKEEPING LTD
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C & B Accounting Solutions Ltd
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TKI Bookkeeping & Accounts
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Sambhav Management Limited
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Pharmatax
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Frequently asked questions
What is the difference between voluntary and compulsory liquidation?
Voluntary liquidation is initiated by the company's directors or shareholders when they decide to close the business, often due to insolvency or retirement. Compulsory liquidation is ordered by a court, usually after a creditor files a winding-up petition. Our liquidators in Montgomery can guide you through both processes, ensuring legal compliance and fair treatment of creditors.
How long does the company liquidation process take in Montgomery?
The timeline varies based on the complexity of the company's finances and assets. A straightforward voluntary liquidation may take three to six months, while compulsory cases or those with extensive assets or disputes can take longer. We provide a realistic timeline after our initial assessment and keep you updated at every stage.
Can I continue trading during liquidation?
Once liquidation begins, directors lose control of the company, and a liquidator takes over. However, in some voluntary cases, a short period of trading may be allowed to complete existing contracts or sell stock at better prices. Our team will advise you on the legal boundaries to avoid wrongful trading claims.
What happens to employees when a company is liquidated?
Employees are made redundant once liquidation is confirmed. The liquidator is responsible for notifying staff, calculating statutory redundancy pay, and handling claims for unpaid wages or holiday pay through the National Insurance Fund. We ensure all employee rights are respected and claims are processed promptly.
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 there is evidence of fraudulent trading, wrongful trading, or personal guarantees, you may be liable. Our liquidators will review your situation and advise on potential risks before you proceed.
How much does it cost to hire a company liquidator in Montgomery?
Costs depend on the size and complexity of the liquidation. We offer transparent fee structures, often based on a percentage of asset realizations or a fixed fee for simple cases. During your free consultation, we provide a detailed quote with no hidden charges, helping you budget effectively.
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