
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

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
Frequently asked questions
What is the role of a company liquidator in Northants?
A licensed insolvency practitioner acts as the liquidator, taking control of the company's assets, realising them for the benefit of creditors, investigating the directors' conduct, and distributing funds in the statutory order. They also handle all legal filings, creditor communications, and final dissolution of the company.
How much does company liquidation cost in Northamptonshire?
Costs vary based on complexity, asset value, and the number of creditors. For a straightforward Creditors Voluntary Liquidation (CVL), fees typically range from £3,000 to £6,000 plus VAT, but we offer fixed-fee packages with no hidden costs. Our free initial consultation provides a written quote before you commit.
What is the difference between CVL and MVL?
A Creditors Voluntary Liquidation (CVL) is for insolvent companies where liabilities exceed assets. A Members Voluntary Liquidation (MVL) is for solvent companies that wish to close, often for tax efficiency. Our liquidators in Northants can advise which route is appropriate for your situation.
Can I continue trading after my company enters liquidation?
No. Once a liquidator is appointed, they take control of the company and trading must cease immediately. However, the liquidator may continue trading for a short period to complete contracts or sell stock, but only under strict legal guidelines to maximise creditor returns.
What happens to employees during liquidation in Northants?
Employees are automatically dismissed upon the liquidator's appointment. They can claim redundancy pay, unpaid wages, holiday pay, and notice pay from the National Insurance Fund via the Redundancy Payments Service. The liquidator provides the necessary forms and guidance to affected staff.
Are directors personally liable for company debts after liquidation?
Generally no, if the company was trading legally and not guilty of wrongful trading or fraudulent activity. However, if you gave personal guarantees or took illegal dividends, you could be pursued. Our liquidators help you avoid personal liability by acting correctly before and during the process.
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