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
AWS ACCOUNTANTS (LONDON) LLP
SARA COOPERS ACCOUNTANTS LTD
About Sara Coopers Whatever business you are in; you owe it to yourself to find an accountancy service that operates for your benefit – not the taxma...See More
EFJ CONSULTING LTD
We are the firm of Chartered Certified Accountants based in London. We provide professional and practical help with all aspects of accountancy and tax...See More
MQPLUS LTD
MQplus LTD provides accurate, flexible and cost-effective managment accounting services for sole traders,partnerships and Limited Companies
MONEYTREE FINANCIAL LTD
Moneytree Financials' focus is to provide clients with useful, relevant and meaningful services aimed at supporting and guiding your business as it mo...See More
TaxAssist Accountants
About TaxAssist Accountants Barking At TaxAssist Accountants, we provide a personal and professional accounting service tailored to you. We help star...See More
Rochvilles & Co Accountants Ltd
Welcome to the Rochvilles & Company website. We are glad that you make the time and effort to visit us. The website has being designed to provide you ...See More
Southall Accountants
We are the only accountants in the city who are dedicated to groom your business for growth. If you are a business owner, who is putting in the hard w...See More
KHAWAR & CO LTD
Khawar & Co Ltd is an active company located in London, Greater London. We are specialist accountancy firm, ready to help you with different accountan...See More
Ahmed-Cliffords Ltd
Ahmed-Cliffords has grown to become one of the region's most successful accountants and tax consultancy offices. From simple beginnings, when we wer...See More
Accounting Made Simple
Accounting Made Simple is a tech-savvy accountancy and bookkeeping organization located in London which assists clients to ru...See More
YBSM PARTNERS
YBSM Partners is a Certified Accounting Firm with a difference. Providing Accounting, T...
Future Formations Ltd
Future Formations is the new generation of forming companies; we have an expert team on hand to help you take the first step towards your future. Ba...See More
Coman And Co Ltd
Chartered Tax Advisers and Chartered Certified Accountants, we offer assistance with tax return compliance and specialist tax consultancy services for...See More
Cruse+Burke
As one of the leading accountants in Croydon, we are forward thinking in the way we approach your business requirements and the way we give you except...See More
Frequently asked questions
What is a Creditors' Voluntary Liquidation (CVL) and how does it work in Sandwich?
A Creditors' Voluntary Liquidation (CVL) is a formal insolvency procedure for a company that is insolvent but wishes to close voluntarily. In Sandwich, our licensed liquidators convene a meeting of shareholders and creditors to approve the liquidation. A liquidator is then appointed to take control of the company's assets, sell them, and distribute the proceeds to creditors in the statutory order of priority. The process typically takes 6-12 months to complete, ending with the company being struck off the Companies House register.
Can a company in Sandwich be liquidated if it is solvent?
Yes, a solvent company can be closed using a Members' Voluntary Liquidation (MVL). This is a cost-effective and tax-efficient way to wind up a profitable company, often used by business owners who are retiring or restructuring. In an MVL, the directors must make a statutory declaration of solvency, stating the company can pay its debts in full within 12 months. Our Sandwich liquidators manage the entire process, ensuring distributions are made to shareholders in a tax-efficient manner.
What are the legal responsibilities of directors during a company liquidation in Sandwich?
Directors have a legal duty to act in the best interests of creditors once insolvency is inevitable. This includes avoiding wrongful trading, not disposing of company assets at undervalue, and maintaining proper financial records. Our Sandwich liquidators will review your conduct during the liquidation. If you have acted honestly and reasonably, you will not face personal liability for the company's debts. We provide clear guidance to help you fulfil your obligations and avoid potential penalties.
How much does a company liquidation cost in Sandwich?
The cost of a CVL in Sandwich varies depending on the complexity of the company's affairs, the number of creditors, and the asset base. However, we offer fixed-fee liquidation packages starting from £3,500 plus VAT, which cover the statutory advertising, filing fees, and the liquidator's professional time. For solvent MVLs, fees are typically higher due to the additional tax planning involved. We always provide a detailed written quote before any work begins, with no hidden charges.
What happens to employees when a company is liquidated in Sandwich?
When a company enters liquidation, employees are automatically made redundant. The liquidator in Sandwich will assess claims for unpaid wages, holiday pay, and statutory redundancy payments. These claims are preferential debts and are paid from the company's assets or through the National Insurance Fund (via the Redundancy Payments Service) if assets are insufficient. Our team will guide employees through the claims process and ensure they receive all their statutory entitlements.
Can I liquidate a company in Sandwich if I have already tried to sell it?
Yes, if you have been unable to sell the company as a going concern, liquidation is a viable alternative. Our Sandwich liquidators will first assess whether a pre-pack sale of the business's assets to a new entity is possible, which can preserve jobs and customer contracts. If no buyer is found, we proceed with a standard CVL. We always explore all rescue options, including administration or company voluntary arrangements (CVAs), before recommending liquidation.
About Accounting Firms
AccountingFirms.co.uk is the UK's dedicated accountant comparison website, helping individuals, sole traders, landlords, startups, and SMEs instantly compare accountancy and tax fees from trusted UK accounting firms.
Find and connect with qualified accountants, tax advisers, bookkeepers, and business advisers using advanced search filters, verified profiles, and genuine reviews aggregated from Google, Trustpilot, Yelp, and other trusted platforms.
Over 26,000+ UK Accountants in One Place
Explore the UK's largest independent directory of accountants regulated by professional bodies including ICAEW, ACCA, AAT, CIMA, CIPFA, AIA, IFA, and other recognised UK accountancy bodies.
Affordable Online Accounting Services
Buy fixed-fee accounting packages online with confidence. Services are delivered by experienced UK-qualified accountants and tax advisers, covering:
A Marketplace for Accountants
For accounting firms, AccountingFirms.co.uk is more than a directory. It's a powerful lead generation platform, accountant marketplace, and business growth hub, helping practices attract new clients, increase online visibility, generate qualified leads, and win more accounting and taxation work across the UK.