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
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
Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...See More
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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Holdsworth Accountancy
We are a team of experienced, qualified accountants and bookkeepers providing professional services to individuals and businesses within Bradford and ...See More
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...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
PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...See More
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
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
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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
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
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
GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More
C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
Accounting 4 Ltd
Registered practice offering accountancy services from Bookkeeping, Payroll, Vat, Self Assessment, Small Limited Company accounts etc Qualified to AAT...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
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
Mind Your Assets Accounts
Mind Your Assets Accounts is based in Sheffield, South Yorkshire, with offices also in Manchester and London. We have over 20 years accountancy expe...See More
Frequently asked questions
What are the main types of company liquidation in Salford?
In Salford, the main types are Creditors Voluntary Liquidation (CVL) for insolvent companies, Members Voluntary Liquidation (MVL) for solvent companies, and Compulsory Liquidation which is court-ordered. Each has distinct legal procedures and outcomes, and the right choice depends on your company's financial position and objectives.
How much does a company liquidator cost in Salford?
Costs vary based on company complexity, asset value, and creditor numbers. For a CVL, typical fees range from £3,000 to £6,000 plus VAT, but many Salford liquidators offer fixed-fee packages. Always request a written quote and check what services are included, such as statutory filings and asset realisation.
Can a director be held personally liable during liquidation in Salford?
Directors can be held personally liable if they traded wrongfully or fraudulently, misused company funds, or continued trading while insolvent. However, using a licensed liquidator early and cooperating fully can mitigate risks. The liquidator investigates director conduct but most directors face no personal liability if they acted honestly.
How long does the liquidation process take in Salford?
A Creditors Voluntary Liquidation typically completes within 6 to 12 months, but the final closure of the company may take longer if assets need selling or legal issues arise. Members Voluntary Liquidation can be faster, often 3 to 6 months. The timeline depends on the complexity of the company's affairs.
What happens to employees when a company goes into liquidation in Salford?
Employees are automatically made redundant when a company enters compulsory liquidation. In a CVL, the liquidator may retain staff temporarily to help with asset realisation. Redundancy pay, notice pay, and holiday pay are preferential claims, and employees can claim from the National Insurance Fund if the company lacks funds.
Can I continue trading after starting liquidation in Salford?
Once liquidation begins, directors lose control of the company, and the liquidator takes over. You cannot continue trading in the same company name without court permission. However, you may be able to buy back assets and start a new business, subject to restrictions on using the old company name for 12 months.
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