ACCOTAX - Accountants & Tax Consultants
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Pepperhill Associates
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LLOYDS ACCOUNTANTS LTD
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Holdsworth Accountancy
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NIXON WILLIAMS LIMITED
Nixon Williams has been providing specialist accountancy services to contractors, freelancers, consultants and interim professionals throughout the UK...See More
Clarity Accountants
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GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More
Harris Rosenberg Chartered Accountants
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MGM & CO. Chartered Certified Accountants
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TI Accountancy Limtied
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Holden Associates
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PAYLESS ACCOUNTING & OUTSOURCING LIMITED
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Cheaper Accountant
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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
C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
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
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
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Norbury Bookkeeping Services
We offer a complete bookkeeping and computerized payroll service throughout Cheshire and South Manchester and are able to offer support for all financ...See More
BROOKSON LIMITED
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Frequently asked questions
What is the difference between a CVL and an MVL in company liquidation?
A Creditors Voluntary Liquidation (CVL) is used for insolvent companies where debts cannot be paid, while a Members Voluntary Liquidation (MVL) is for solvent companies that wish to close. In a CVL, a licensed insolvency practitioner manages the process to maximise creditor returns, whereas an MVL allows shareholders to distribute assets tax-efficiently before dissolving the company.
How much do company liquidators in Rathmell charge for their services?
Liquidation costs vary depending on the complexity of the company's affairs, asset values, and creditor structure. Typically, fees range from £3,000 to £7,000 for a straightforward CVL, with VAT added. Our firm provides transparent, fixed-fee quotes after an initial free assessment, ensuring no hidden costs or surprises.
Can a director be held personally liable for company debts during liquidation?
Directors are generally not personally liable for company debts unless they have provided personal guarantees, acted fraudulently, or engaged in wrongful trading. Our liquidators will review your conduct to ensure compliance, but if any issues are found, we will advise you on the best course of action to mitigate risk.
What happens to employees when a company goes into liquidation in Rathmell?
Employees are automatically made redundant when a company enters liquidation. The liquidator will terminate contracts, and employees can claim statutory redundancy pay, unpaid wages, and holiday pay from the National Insurance Fund. Our team will guide you through the process and ensure all employee claims are properly submitted.
How long does the company liquidation process take in Rathmell?
A Creditors Voluntary Liquidation typically takes between 6 to 12 months to complete, depending on asset realisation and creditor claims. Members Voluntary Liquidations can be faster, often concluding in 3 to 6 months. The process concludes once all assets are distributed and the company is formally dissolved with Companies House.
Can I continue trading if I appoint a liquidator for my company?
Once a liquidator is appointed, trading must cease immediately, except for actions necessary to preserve asset value or complete contracts. The liquidator takes control of the company, and directors lose their powers. Continuing to trade without authority can lead to personal liability for debts incurred during that period.
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