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
Financial Claims Consultants
Financial Claims Consultants offer No Win No Fee Pension Claims – we help clients&...
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...
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
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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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
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
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
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
BARNES MAYER LIMITED
Barnes Mayer Ltd is an independent, family run business providing accounting and taxation services throughout Maidenhead, Berkshire and Buckinghamshir...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
TITUS ACCOUNTS LTD
I know that telling you the truth won’t make me very popular with other accountants. If I'm honest I never liked them much anyway. Chances are (if yo...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
DIrect Assist accountants Ltd
Direct Assist accountants Ltd is one of the fastest growing chartered accountants firm serving businesses and individuals from different industries fr...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
Frequently asked questions
What is the role of a company liquidator in Romford?
A company liquidator in Romford is a licensed insolvency practitioner who takes control of a company that is being wound up. Their primary role is to sell the company's assets, settle outstanding debts with creditors in the correct legal order, investigate the company's affairs and directors' conduct, and ultimately dissolve the company from the Companies House register. They act in the interests of all creditors while ensuring the process is legally compliant and efficient.
How much does company liquidation cost in Romford?
The cost of company liquidation in Romford varies based on the complexity of the case, the size of the company, and the number of creditors. Typically, fees are either a fixed fee for straightforward CVLs or based on time and complexity for larger cases. A reputable liquidator will provide a clear, written quote upfront with no hidden costs. You should always compare proposals and ensure the practitioner is licensed and experienced with local businesses.
Can I liquidate my company if it is solvent?
Yes, if your company is solvent but you no longer need it, you can use a Members Voluntary Liquidation (MVL). This process is designed for solvent companies and allows for tax-efficient distribution of retained profits as capital rather than income. A licensed liquidator must be appointed to oversee the process, which typically takes several months and requires a statutory declaration of solvency from the directors.
What is the difference between CVL and compulsory liquidation?
A Creditors Voluntary Liquidation (CVL) is initiated by the company's directors and shareholders when the company is insolvent. It is a voluntary process that gives directors more control over choosing the liquidator. Compulsory liquidation is a court-ordered process usually triggered by a creditor petition, often HMRC. In compulsory liquidation, the Official Receiver or a court-appointed insolvency practitioner takes control, and directors have less influence over the outcome.
Will I be personally liable for company debts after liquidation?
In most cases, directors are not personally liable for company debts after a proper liquidation, as limited liability protects personal assets. However, if you have given personal guarantees for business loans or leases, you may be pursued for those debts. Additionally, if wrongful trading, fraudulent trading, or misfeasance is found, a court can make you personally liable. Taking professional advice early helps mitigate these risks.
How long does a company liquidation take in Romford?
A Creditors Voluntary Liquidation (CVL) typically takes between 6 and 12 months to complete, depending on the complexity of asset realisation and creditor claims. The initial meeting of creditors and appointment of the liquidator can happen within 2-4 weeks. A Members Voluntary Liquidation (MVL) can be completed in as little as 3-6 months if all formalities are handled promptly. Your liquidator will provide a timeline specific to your case.
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