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
Agility Bookkeeping
Agility Bookkeeping is a Xero online bookkeeping firm based in the UK having three offices in Glasgow, Stirling, and Edinburgh. Whether you are a new ...See More
Stewart Accounting Services
Stewart Accounting Services, Chartered Accountants, is a CA firm with its main office in Alloa, Clackmannanshire. We also have offices in Falkirk and ...See More
IDEO BUSINESS SERVICES LTD
This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.
Breco Accounting Services
Client centered accountant concentrating on helping small businesses and individuals. Friendly Service, Competitive rates. Payroll Services, Vat Retur...See More
TaxKings Tax Made Simple
TaxKings work with owner managed businesses all over the UK. With off...
Tax Returns - London
At Cheap Tax Returns, we love to give a personalized touch to the service we provide. As an accountancy firm, we understand small business owners and ...See More
CloudBook Accountants Ltd
Since we were established in 2013, we have done everything online - from getting a quote to signing off your accounts. It's easier and quicker, so it ...See More
LFR Accounting
Accountancy and taxation services
Sabre Accountants
Sabre Accountants have built up a fantastic reputation as a trustworthy, affordable & reliable accountancy service. We provide accountancy services a...See More
TI Accountancy Limtied
TI Accountancy was established in 2002 by its owner Tracy Irwin, who grew the company organically through her hard work and determination to the Emplo...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
Holdsworth Accountancy
We are a team of experienced, qualified accountants and bookkeepers providing professional services to individuals and businesses within Bradford and ...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
NIXON WILLIAMS LIMITED
Nixon Williams has been providing specialist accountancy services to contractors, freelancers, consultants and interim professionals throughout the UK...See More
MGM & CO. Chartered Certified Accountants
If you are looking for professional accountants offering a full range of accountancy and tax services to clients from across the UK, you have come to ...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
Holden Associates
Holden Associates are a family run business founded in 2002, we are located at V12, Merlin Park, a modern purpose-built office in Burscough, Lancashir...See More
GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More
Frequently asked questions
What is the difference between a Creditors Voluntary Liquidation and a compulsory liquidation in Peterhead?
A Creditors Voluntary Liquidation (CVL) is a voluntary process initiated by the company's directors and shareholders when the company is insolvent. It involves appointing a licensed insolvency practitioner to liquidate assets and distribute proceeds to creditors. Compulsory liquidation, on the other hand, is a court-ordered process, typically initiated by a creditor who obtains a winding-up petition. In a CVL, directors retain more control and it is generally less costly and disruptive than compulsory liquidation.
Can a company in Peterhead continue trading after appointing liquidators?
Once a company enters liquidation, its directors lose their powers, and the appointed liquidator takes control of the company's affairs. The company generally ceases trading immediately, except in limited circumstances where the liquidator may continue trading briefly to sell stock or complete contracts that benefit creditors. Directors cannot continue normal business operations after liquidation begins.
What are the legal duties of directors when a Peterhead company is insolvent?
Directors of an insolvent company in Peterhead have a legal duty to act in the best interests of creditors, not just shareholders. This includes avoiding wrongful trading, which means continuing to trade when they know the company cannot avoid insolvent liquidation. Directors must also cooperate with the liquidator, provide accurate financial records, and disclose any transactions that may be considered preferences or transactions at undervalue.
How much does company liquidation cost in Peterhead?
The cost of liquidation in Peterhead varies based on the complexity of the company's affairs, the number of assets, and the level of creditor involvement. For a Creditors Voluntary Liquidation, fees typically range from £3,000 to £7,000 plus VAT, but can be higher for larger or more complex cases. We provide a fixed-fee quote after an initial assessment, ensuring no hidden costs. Members Voluntary Liquidation for solvent companies may have different fee structures.
What is the process for a Members Voluntary Liquidation (MVL) in Peterhead?
A Members Voluntary Liquidation (MVL) is used for a solvent company, often for tax efficiency when extracting retained profits as capital gains. The process involves a director's declaration of solvency, a shareholder resolution, and appointment of a licensed liquidator. The liquidator realises assets, pays all creditors in full, and distributes remaining funds to shareholders. The company is then dissolved, usually within 6-12 months.
Can I be held personally liable for company debts in Peterhead liquidation?
Generally, limited liability protects directors from personal liability for company debts. However, personal liability can arise if you have given personal guarantees for business loans or leases, or if you are found guilty of wrongful trading, fraudulent trading, or misfeasance. The liquidator can pursue directors for recovery of funds if assets were misused or if proper records were not maintained. Seeking early professional advice minimises these risks.
About Accounting Firms
AccountingFirms.co.uk is the UK's dedicated accountant comparison website, helping individuals, sole traders, landlords, startups, and SMEs instantly compare accountancy and tax fees from trusted UK accounting firms.
Find and connect with qualified accountants, tax advisers, bookkeepers, and business advisers using advanced search filters, verified profiles, and genuine reviews aggregated from Google, Trustpilot, Yelp, and other trusted platforms.
Over 26,000+ UK Accountants in One Place
Explore the UK's largest independent directory of accountants regulated by professional bodies including ICAEW, ACCA, AAT, CIMA, CIPFA, AIA, IFA, and other recognised UK accountancy bodies.
Affordable Online Accounting Services
Buy fixed-fee accounting packages online with confidence. Services are delivered by experienced UK-qualified accountants and tax advisers, covering:
A Marketplace for Accountants
For accounting firms, AccountingFirms.co.uk is more than a directory. It's a powerful lead generation platform, accountant marketplace, and business growth hub, helping practices attract new clients, increase online visibility, generate qualified leads, and win more accounting and taxation work across the UK.