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
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
PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...See More
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
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
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...See More
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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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
Why Brookson? There are plenty of reasons. We’re specialists at dealing with self-employed finances, and have been doing this for over 20 years, so we...See More
Clarity Accountants
We work closely with our clients and act for a broad range of business and personal clients. Apart from the more general accountancy services we can a...See More
ACCOUNTS 2U LIMITED
Our director, Howard Turner MAAT ATT, qualified as an accounting and taxation technician in 1995 after training with chartered accountants in Cheshire...See More
C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More
MJF ACCOUNTANCY LIMITED
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
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
Oakes Accounting
Oakes Accounting specializes in providing tailor made accounting services, including bookkeeping, VAT and self assessment to small businesses.
MGM & CO. Chartered Certified Accountants
If you are looking for professional accountants offering a full range of accountancy and tax services to clients from across the UK, you have come to ...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
Frequently asked questions
What is a company liquidator and what do they do in Sale?
A company liquidator is a licensed insolvency practitioner who manages the winding up of a company's affairs. In Sale, they take control of the company's assets, sell them to repay creditors, investigate the company's financial history, and ensure that all legal obligations are met. They also handle the final dissolution of the company from the Companies House register.
How much does it cost to appoint a liquidator for a company in Sale?
The cost of liquidation varies depending on the complexity of the case, the size of the company, and the amount of work required. For a Creditors' Voluntary Liquidation (CVL), fees typically range from £3,000 to £6,000 plus VAT, but this can be higher for larger or more complex insolvencies. We provide a fixed-fee quote after an initial free consultation, so you know the costs upfront.
What is the difference between a CVL and a compulsory liquidation?
A Creditors' Voluntary Liquidation (CVL) is initiated by the company's directors when they know the business is insolvent, and they choose to wind it up voluntarily. A compulsory liquidation is a court-ordered process that typically follows a creditor's petition. In a CVL, directors retain more control over the process and can appoint the liquidator of their choice, whereas in compulsory liquidation, the court appoints an Official Receiver.
Can directors of an insolvent company in Sale avoid personal liability?
Directors can avoid personal liability if they act in good faith and comply with their statutory duties. This includes not trading while insolvent, keeping proper financial records, and seeking professional advice at the earliest sign of financial difficulty. A licensed liquidator can help you navigate the process correctly and minimise the risk of claims for wrongful trading or misfeasance.
How long does the company liquidation process take in Sale?
The duration of a liquidation process depends on the complexity of the company's affairs. A straightforward Creditors' Voluntary Liquidation (CVL) typically takes between 6 to 12 months to complete, including the final dissolution. However, if there are complex asset sales, legal disputes, or investigations, the process can take longer. Your liquidator will provide a realistic timeline at the outset.
What happens to employees of a company in liquidation in Sale?
When a company enters liquidation, employees are automatically made redundant. The liquidator will provide them with the necessary paperwork to claim statutory redundancy pay, unpaid wages, holiday pay, and other entitlements from the National Insurance Fund. The liquidator also assists employees in understanding their rights and the claims process.
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