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
NIXON WILLIAMS LIMITED
Nixon Williams has been providing specialist accountancy services to contractors, freelancers, consultants and interim professionals throughout the UK...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
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
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
GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More
C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
MJF ACCOUNTANCY LIMITED
Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...See More
Oakes Accounting
Oakes Accounting specializes in providing tailor made accounting services, including bookkeeping, VAT and self assessment to small businesses.
BROOKSON LIMITED
Why Brookson? There are plenty of reasons. We’re specialists at dealing with self-employed finances, and have been doing this for over 20 years, so we...See More
PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...See More
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
See More
Athena Bookkeeping Services
Athena Accounting and Bookkeeping Services. ?Let us take good care of your finances giving you more time to focus on the day to day running of your bu...See More
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
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...See More
Clarity Accountants
We work closely with our clients and act for a broad range of business and personal clients. Apart from the more general accountancy services we can a...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
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
Frequently asked questions
What is a Creditors Voluntary Liquidation (CVL) and how does it work in Poulton-le-Fylde?
A Creditors Voluntary Liquidation (CVL) is a formal insolvency process for a company that cannot pay its debts. In Poulton-le-Fylde, our licensed insolvency practitioners will convene a board meeting to pass a resolution to wind up the company, then call a creditors' meeting where they present the statement of affairs. Creditors vote to appoint a liquidator who then sells assets, investigates director conduct, and distributes funds to creditors in the statutory order. The process typically takes 6-12 months, after which the company is dissolved.
What are the costs of company liquidation in Poulton-le-Fylde?
Liquidation costs vary depending on company complexity, asset values, and creditor numbers. For a straightforward CVL, fixed fees typically range from £4,000 to £8,000 plus VAT and disbursements. This covers the insolvency practitioner's time, statutory advertising, and legal costs. We provide a written quote after a free initial consultation, with no hidden charges. Some firms offer payment plans or defer fees from asset realisations, but we recommend comparing quotes from licensed IPs to ensure value.
Can I liquidate my company if it has no assets but owes money to creditors?
Yes, you can still liquidate a company with no assets. This is often called a 'no-asset CVL' or 'pre-pack liquidation'. The directors must provide a statement of affairs showing there are no realisable assets. The liquidator will investigate the company's affairs, but if no funds exist, creditors may receive little or no dividend. However, liquidation provides a clean closure, stops creditor actions, and allows directors to move on, provided no wrongful trading or fraudulent activity occurred.
What is the difference between liquidation and administration?
Liquidation is the process of closing a company permanently, selling assets to pay creditors, and then dissolving the legal entity. Administration is a rescue procedure where an administrator is appointed to protect the company from creditors while trying to save it as a going concern, often through restructuring or a sale of the business. If administration fails, it often converts to liquidation. Directors should seek advice to determine which route is best for their specific circumstances.
Will I be personally liable for company debts after liquidation?
In most cases, directors are not personally liable for company debts after a CVL, provided they have acted legally and responsibly. The limited liability structure protects personal assets. However, personal liability can arise if you have given personal guarantees, taken wrongful trading or fraudulent trading actions, misused company funds, or if HMRC issues a director penalty notice for unpaid tax. Our IPs will review your conduct to ensure you are not at risk.
How long does the liquidation process take in Poulton-le-Fylde?
The initial steps—board meeting, creditors' meeting, and appointment of liquidator—can be completed within 2-4 weeks from your first consultation. The full liquidation process, including asset realisation and creditor distributions, typically takes 6 to 12 months. The company is formally dissolved after the final meeting, which can extend the timeline if there are complex investigations or legal issues. We aim to expedite the process while ensuring full compliance.
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.