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
Clarity Accountants
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Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...See More
Harris Rosenberg Chartered Accountants
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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
PAYLESS ACCOUNTING & OUTSOURCING LIMITED
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Athena Bookkeeping Services
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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
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
MGM & CO. Chartered Certified Accountants
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BROOKSON LIMITED
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Holdsworth Accountancy
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GE ACCOUNTANCY LTD
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C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
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
Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...See More
Accounting 4 Ltd
Registered practice offering accountancy services from Bookkeeping, Payroll, Vat, Self Assessment, Small Limited Company accounts etc Qualified to AAT...See More
Mind Your Assets Accounts
Mind Your Assets Accounts is based in Sheffield, South Yorkshire, with offices also in Manchester and London. We have over 20 years accountancy expe...See More
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
Frequently asked questions
What does a company liquidator in Oldham do?
A company liquidator in Oldham is a licensed insolvency practitioner who manages the formal winding-up of a company. Their role involves selling company assets, settling outstanding debts with creditors, investigating the company's financial affairs, and ensuring that all legal requirements are met. They also handle the distribution of any remaining funds to shareholders and assist directors with their statutory duties, providing a structured and legally compliant closure process.
When should I consider hiring a liquidator for my Oldham business?
You should consider hiring a liquidator when your company is insolvent, meaning it cannot pay its debts as they fall due, or when the value of its liabilities exceeds its assets. Other signs include creditor pressure, winding-up petitions, or a decision to cease trading. Seeking professional advice early can help you explore alternatives like a CVA or administration, but if liquidation is inevitable, a liquidator will ensure the process is handled correctly and in the best interests of all parties.
What is the difference between voluntary and compulsory liquidation in Oldham?
Voluntary liquidation, typically a Creditors' Voluntary Liquidation (CVL), is initiated by the company's directors and shareholders when they decide to wind up a solvent or insolvent company. Compulsory liquidation is a court-ordered process, usually triggered by a creditor's winding-up petition. In Oldham, our liquidators can assist with both types, but a CVL gives directors more control over the process and often results in a better outcome for creditors than compulsory liquidation.
How much does it cost to appoint a company liquidator in Oldham?
The cost of appointing a company liquidator in Oldham varies depending on the complexity of the case, the size of the company, and the amount of work required. Fees are typically based on an hourly rate or a fixed fee agreed in advance. In many cases, the liquidator's fees are paid from the company's assets, but if assets are insufficient, directors may need to fund the process. We always provide transparent pricing and a detailed breakdown before you commit.
Can a liquidator help with director's personal guarantees or loans?
Yes, a liquidator can provide guidance on director's personal guarantees and loans. If you have personally guaranteed business debts, the liquidator can negotiate with creditors on your behalf, but you may still be liable for those debts. For director's loans, the liquidator will assess whether they are repayable and may need to recover them as part of the liquidation. We offer advice on these matters to help you understand your personal financial exposure.
What happens to employees when a company goes into liquidation in Oldham?
When a company enters liquidation, employees are made redundant, and their contracts are terminated. The liquidator is responsible for ensuring that employees receive their statutory entitlements, such as unpaid wages, holiday pay, and redundancy pay, which may be claimed from the National Insurance Fund if the company lacks assets. The liquidator will also provide employees with the necessary forms and guidance to claim these funds, ensuring a smooth transition during a challenging time.
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