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HUBBLE ACCOUNTANCY LTD
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Woody's Payroll & Bookkeeping Services
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Kings Oak Accountancy
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Bell Stanley Accountants
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R Albert Accountancy Ltd
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Purnells - Licensed Insolvency Practitioners
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AMSTOR ACCOUNTANTS LIMITED
Amstor Accountants Limited T/A Premier Accountants, Auditors and Tax Advisers want to help you pay less tax and keep more of the profit your business ...See More

Naseems Accountants
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Raven Solution
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Capital Accountancy - Accountants & Tax Advisors
WE at CAPITAL ACCOUNTANCY specialises in helping small-to-medium sized businesses, sole traders, contractors and landlords. We make sure you pay the r...See More
Frequently asked questions
What is the role of a company liquidator in Port Talbot?
A company liquidator in Port Talbot is a licensed insolvency practitioner who takes control of an insolvent company to wind down its affairs. They realise assets, settle creditor claims in statutory order, investigate director conduct, and ultimately dissolve the company from the Companies House register. They also advise directors on legal obligations and potential personal liability.
How much does liquidation cost in Port Talbot?
Liquidation costs vary based on company size, asset complexity, and creditor numbers. For a creditors voluntary liquidation (CVL), typical fees range from £3,000 to £7,000 plus VAT, often paid from company assets. Some firms offer a no-win-no-fee basis if assets are insufficient, but you should always request a fixed fee quote before engaging a liquidator.
Can I keep trading while my company is in liquidation?
No. Once a winding-up order is made or a CVL resolution is passed, the liquidator takes control and trading must cease immediately, except for limited actions to preserve asset value or complete essential contracts with the liquidator's permission. Continuing to trade after insolvency can lead to personal liability for wrongful trading.
What is the difference between CVL and compulsory liquidation?
A Creditors Voluntary Liquidation (CVL) is initiated by directors when the company is insolvent, and shareholders pass a resolution to wind up voluntarily. Compulsory liquidation is a court order, usually petitioned by a creditor. CVL gives directors more control and is often less costly, while compulsory liquidation involves court proceedings and can result in director investigations.
Will I be personally liable for company debts after liquidation?
Generally, no – limited liability protects directors from personal responsibility for company debts. However, personal liability can arise if you have given personal guarantees, traded wrongfully, or committed fraudulent activity. A liquidator will examine your conduct. Taking professional advice early helps avoid personal exposure.
How long does the liquidation process take in Port Talbot?
A straightforward CVL can be completed in 6 to 12 months, including asset realisation and final distribution to creditors. The company is then dissolved after a further 3 months. Complex cases with litigation or asset disputes can take longer. Your liquidator will provide a timeline based on your specific circumstances.
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