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
Kings Oak Accountancy
Accountants based in Bristol, Bath & Somerset providing accounting and tax services to small and medium size owner-managed businesses. Our services in...See More
KINGS OAK ACCOUNTANCY (SOMERSET) LTD
We are a small firm of Accountants based in Somerset. Michael is a fellow of the Chartered Institute of Management Accounting with over 30 years expe...See More
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HUBBLE ACCOUNTANCY LTD
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TKI Bookkeeping & Accounts
Hello and welcome to my site, I am qualified by the The Institute of Certified Bookkeepers and have attained highest level qualification, Level 4 Dipl...See More
Williamslester Brilliant Accounting Services
Our range of services are provided by fully qualified and experienced staff who always monitor, advise and review both new and existing clients. This ...See More
Purnells - Licensed Insolvency Practitioners
As insolvency practitioners we also specialise in interpreting the legislation set out in The Insolvency Act 1986, The Insolvency (England and Wale...
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MARLIS BOOKKEEPING & ACCOUNTANCY
The team comprises of Marion and Lisa, a mother and daughter combination, who offe...
Financial Claims Consultants
Financial Claims Consultants offer No Win No Fee Pension Claims – we help clients&...
SG CONTRACTOR ACCOUNTING LIMITED
SG Accounting was established in 1995 to service the accountancy and taxation needs of professional contractors and freelancers. We are based in Winc...See More
Modus Accountants Limited
Whether you are looking for advice, inspiration, accountancy services or all three, our integrated services will provide as much or as little su...See More
Woody's Payroll & Bookkeeping Services
Here at Woody's we have years of experience in providing a dedicated, professional and highly personal service to our clients. We offer a wide range o...See More
DEAD SIMPLE ACCOUNTING LTD
Dead Simple Accounting is an expert accounting firm based in Reading, Berkshire. We’ve been supporting the local business community in Reading with a ...See More
Turner Barratt
At Turner Barratt we believe that we have something unique to offer. Just Corporate Finance Turner Barratt are Chartered Accountants who are dedicate...See More
Accounting etc. limited
We are a small firm of Chartered Management Accountants dedicated to providing you with a high quality accountancy service and sound business advice a...See More
Bell Stanley Accountants
Welcome to Bell Stanley Accountants page.
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
ADD- WORTH ACCOUNTANCY LTD
Helping business owners make sense of their numbers. 30+ years of progressive finance and accounting experience in various industries. Offering expert...See More
The Bean Counters Accountants LLP
Established in 2011, The Bean Counters Accountants is a growing accounting firm in Maidenhead which specializes in cloud accounting and bookkeeping, p...See More
Frequently asked questions
What is a company liquidator and why would I need one in Radstock?
A company liquidator is a licensed insolvency practitioner who formally closes down a company by selling its assets and distributing the proceeds to creditors. You would need one if your company is insolvent and cannot pay its debts as they fall due. In Radstock, our liquidators help directors navigate the legal process, ensuring that all statutory duties are met and that the company is dissolved in an orderly manner, protecting directors from potential personal liability.
What are the different types of liquidation available for companies in Radstock?
The main types of liquidation are Creditors' Voluntary Liquidation (CVL), which is initiated by directors when the company is insolvent; Compulsory Liquidation, which is a court-ordered process often started by a creditor; and Members' Voluntary Liquidation (MVL), which is for solvent companies that wish to close. Our licensed practitioners in Radstock will advise which type is suitable based on your specific financial situation and objectives.
How much does it cost to hire a company liquidator in Radstock?
The cost of liquidation varies depending on the complexity of the company's affairs, the number of assets, and the level of creditor involvement. Typically, fees are based on the work required and may be a fixed fee or a percentage of the assets realised. We provide a free initial consultation and a transparent fee quote before any work begins. In a CVL, the liquidator's fees are often paid from the company's assets, but we will always confirm this upfront.
What are the duties of directors during a company liquidation in Radstock?
Directors have a legal duty to act in the best interests of creditors once insolvency is apparent. During liquidation, you must cooperate fully with the liquidator, provide all necessary company records and financial information, and not take any actions that could be seen as preferential treatment of certain creditors. Our team will guide you through these duties, helping you avoid any allegations of wrongful trading or misfeasance.
Can I continue to trade after my company has entered liquidation?
No, once a company enters liquidation, the liquidator takes control of the business and its assets. The company ceases to trade immediately, except in limited circumstances where the liquidator may continue trading temporarily to sell the business as a going concern or to maximise asset value. As a director, you must stop trading and hand over all company property and records to the liquidator. We will advise you on the correct procedure to follow.
What happens to employees when a company in Radstock is liquidated?
When a company is liquidated, employees are automatically dismissed. The liquidator is responsible for settling employee claims, including unpaid wages, holiday pay, and redundancy pay. These claims are preferential and are typically paid from the company's assets or through the National Insurance Fund (via the Redundancy Payments Service) if funds are insufficient. We will handle all employee communications and ensure that statutory entitlements are claimed and processed correctly.
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