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
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
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...
Financial Claims Consultants
Financial Claims Consultants offer No Win No Fee Pension Claims – we help clients&...
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HUBBLE ACCOUNTANCY LTD
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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
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
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
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
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
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
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
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MARLIS BOOKKEEPING & ACCOUNTANCY
The team comprises of Marion and Lisa, a mother and daughter combination, who offe...
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
Bell Stanley Accountants
Welcome to Bell Stanley Accountants page.
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
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
BARNES MAYER LIMITED
Barnes Mayer Ltd is an independent, family run business providing accounting and taxation services throughout Maidenhead, Berkshire and Buckinghamshir...See More
Frequently asked questions
What is a Creditors Voluntary Liquidation (CVL) in Shaftesbury?
A Creditors Voluntary Liquidation (CVL) is a formal insolvency procedure for a company that cannot pay its debts. A licensed insolvency practitioner is appointed to sell company assets, investigate the directors' conduct, and distribute the proceeds to creditors. In Shaftesbury, we guide directors through this process, ensuring all legal obligations are met and the company is dissolved at the end.
How much does company liquidation cost in Shaftesbury?
The cost of liquidation in Shaftesbury varies based on the complexity of your case, the number of creditors, and the company's asset structure. Typically, fees range from £3,000 to £6,000 plus VAT for a straightforward CVL. We provide a fixed-fee quote after an initial assessment, so you know the costs upfront with no hidden charges.
Can I liquidate a solvent company in Shaftesbury?
Yes, if your company is solvent but you wish to close it, a Members Voluntary Liquidation (MVL) is the appropriate procedure. This is often used for tax planning purposes, allowing shareholders to extract retained profits as capital gains rather than income. Our Shaftesbury team can help you complete the MVL process efficiently.
What are the responsibilities of directors during liquidation?
Directors must cooperate fully with the liquidator, provide all company records and financial information, and attend meetings as required. They must also avoid taking any action that could be considered wrongful trading. Our advisors in Shaftesbury will explain your duties clearly and help you comply with all legal requirements to avoid personal liability.
How long does the liquidation process take in Shaftesbury?
A typical Creditors Voluntary Liquidation takes between 6 to 12 months to complete, depending on the complexity of the asset realisation and creditor claims. A Members Voluntary Liquidation can often be completed in 6 to 9 months. We keep you informed at every stage and work to resolve matters as quickly as possible.
What happens to employees when a company goes into liquidation?
When a company enters liquidation, employees are automatically made redundant. The liquidator will assist with claims for statutory redundancy pay, unpaid wages, holiday pay, and pension contributions through the Redundancy Payments Service. Our Shaftesbury team provides guidance to directors on handling employee communications and ensuring their rights are respected.
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