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
OVAL ACCOUNTANTS LTD
Your Bookkeeping, Accounting And Self Assessment Experts, Here To Bring You The Highest Standard Of Service.
Marden & Co Accountants Ltd
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TITUS ACCOUNTS LTD
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Tax Cruncher
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APRC Accountants
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Cruse + Burke
As one of the leading accountants in Croydon, we are forward thinking in the way we approach your business requirements and the way we give you except...See More
Cruse+Burke
As one of the leading accountants in Croydon, we are forward thinking in the way we approach your business requirements and the way we give you except...See More
Owadally & Kings Partnership
At O&K we aspire to be one of the most forward thinking accountancy firms in Croydon. Our dedicated in-house team, and external specialists, based in ...See More
Central London Accountants
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Cheap - Accountants
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London Accountants
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Taxaccolega Chartered Accountants & Tax Advisers
As one of the brightest firms of chartered accountants in London, UK, Taxaccolega, based in Croydon, combines the passion and creative thinking of a s...See More
QUENTELA ACCOUNTING LIMITED
Quentela Accounting is a family run accountancy practise based in Wokingham, Berkshire. We are a small business but with an emphasis on BIG commitment...See More
Abu Umar & Co.
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SG CONTRACTOR ACCOUNTING LIMITED
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Financial Partnership London
The Financial Partnership LLP, London, is a young, dynamic and innovative firm of Accountants & Business Advisors who can help improve the performance...See More
Fitzgeralds Accountants Limited
We are a well established firm of accountants and tax advisors based in South West London, dealing with small businesses and high net worth individual...See More
" Accountify – Chartered Certified Accountants"
A firm of Chartered Certified Accountants based in London and Portsmouth. Accountify is an established brand in Accounting and Tax, serving its client...See More
Frequently asked questions
What is the difference between a CVL and an MVL for a company in Pulborough?
A Creditors Voluntary Liquidation (CVL) is used for an insolvent company that cannot pay its debts, where a liquidator is appointed to wind up affairs and distribute assets to creditors. A Members Voluntary Liquidation (MVL) is for a solvent company, where directors make a statutory declaration of solvency and the liquidator distributes surplus assets to shareholders. Our Pulborough liquidators can advise which process is appropriate for your specific financial position.
How much does a company liquidation cost in Pulborough?
The cost of liquidation varies depending on the complexity of the company's affairs, the number of assets and creditors, and the chosen process. For a CVL, fees are often based on a fixed fee plus a percentage of asset realisations, and they are paid from the company's assets. For an MVL, fees are typically agreed as a fixed fee. We provide transparent quotes before any work begins, and our initial consultation is always free.
What are the legal duties of directors during a company liquidation in Pulborough?
Directors must act in the best interests of creditors once insolvency is known, avoid wrongful trading, and provide full disclosure of the company's financial records to the liquidator. They must also cooperate with the liquidator's investigations and attend meetings if required. Our team helps directors understand their duties and ensures they comply with the Insolvency Act 1986 to minimise personal liability.
Can I keep trading while my company is in liquidation in Pulborough?
Once a liquidation order is made, the liquidator takes control of the company and trading must cease, unless the liquidator specifically allows it to continue for a limited period to maximise asset value or complete contracts. In a CVL, the directors' powers cease. In an MVL, trading can continue until the liquidator is appointed, but after that, only the liquidator can authorise any trading activity.
What happens to employees when a company in Pulborough goes into liquidation?
In a CVL, employees are automatically dismissed from the date the liquidation begins, and they may be able to claim redundancy pay, unpaid wages, and holiday pay from the National Insurance Fund via the Redundancy Payments Service. The liquidator provides them with the necessary claim forms. In an MVL, employees are usually transferred or made redundant as part of the wind-down, with full statutory entitlements paid.
How long does a company liquidation take in Pulborough?
A Creditors Voluntary Liquidation typically takes between 6 and 12 months to complete, depending on the complexity of asset realisation and creditor claims. A Members Voluntary Liquidation can often be completed in 6 to 9 months, but it may take longer if there are complex assets or tax matters. Our liquidators provide a timeline estimate after reviewing your company's records.
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