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
TaxKings Tax Made Simple
TaxKings work with owner managed businesses all over the UK. With off...
Breco Accounting Services
Client centered accountant concentrating on helping small businesses and individuals. Friendly Service, Competitive rates. Payroll Services, Vat Retur...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.
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
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
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
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
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
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
Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...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
Sabre Accountants
Sabre Accountants have built up a fantastic reputation as a trustworthy, affordable & reliable accountancy service. We provide accountancy services a...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
Oakes Accounting
Oakes Accounting specializes in providing tailor made accounting services, including bookkeeping, VAT and self assessment to small businesses.
MJF ACCOUNTANCY LIMITED
Frequently asked questions
What is the difference between a Creditors Voluntary Liquidation (CVL) and a Members Voluntary Liquidation (MVL)?
A Creditors Voluntary Liquidation (CVL) is used when a company is insolvent and cannot pay its debts. It is initiated by the directors and involves a meeting of creditors to approve the liquidation. A Members Voluntary Liquidation (MVL) is for solvent companies where directors wish to close the business and distribute assets to shareholders. In an MVL, a declaration of solvency is required, and the process is typically more straightforward and tax-efficient.
How much do company liquidators in Prestwick charge for their services?
Fees for liquidation services vary based on the complexity of the case, the size of the company, and the amount of work required. For a Creditors Voluntary Liquidation, fees often range from £3,000 to £6,000 plus VAT, but we provide a fixed-fee quote after a free initial consultation. For a Members Voluntary Liquidation, costs are usually lower, starting around £1,500. We always provide transparent pricing with no hidden charges.
Can I continue trading if my company is insolvent?
No, continuing to trade while insolvent can lead to personal liability for directors, including wrongful trading claims. Once you know the company cannot pay its debts, you must stop trading immediately and seek professional advice. Our liquidators in Prestwick can help you assess your position and take the correct legal steps to avoid penalties and protect your personal assets.
What are the legal responsibilities of a director during liquidation?
Directors have a duty to act in the best interests of creditors once insolvency is likely. This includes providing full financial information to the liquidator, cooperating with the investigation of company affairs, and not making preferential payments to certain creditors. Failure to comply can result in disqualification or personal liability. Our team guides you through every requirement to ensure compliance.
How long does a company liquidation take in Prestwick?
The duration depends on the type of liquidation. A Creditors Voluntary Liquidation can often be completed in 6 to 12 months, depending on the complexity of asset realisation and creditor claims. A Members Voluntary Liquidation is usually faster, often concluding within 3 to 6 months. We work efficiently to close your company as quickly as possible while meeting all legal obligations.
Will I be personally liable for company debts after liquidation?
In most cases, directors are not personally liable for company debts if the company is liquidated properly and no wrongful trading or fraudulent activity has occurred. However, if you have given personal guarantees or acted improperly, you may be pursued. Our liquidators in Prestwick assess your situation and provide advice to minimise personal risk and ensure a clean exit.
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.