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
J. Jervis Accounting Services LTD
THE FINANCIAL MANAGEMENT CENTRE UK LTD
Online firm
MRC Accounting Services
Providing accounting services and solutions
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R Albert Accountancy Ltd
We are an AAT Licensed accountancy practice providing a professional and friendly service. A new accountancy practice offering fantastic one to one s...See More
Business Partners Accountants & Bookkeepers
An accounting firm for all your accounting and bookkeeping needs Business Partners Accountants & Bookkeepers is a reputable accounting firm serving so...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
AMSTOR ACCOUNTANTS LIMITED
Amstor Accountants Limited T/A Premier Accountants, Auditors and Tax Advisers want to help you pay less tax and keep more of the profit your business ...See More
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Raven Solution
This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.
Naseems Accountants
Established in 1978, Naseems Accountants is a small but growing business with our clients doubled over the last decade. We honor ourselves in ou...See More
Capital Accountancy - Accountants & Tax Advisors
WE at CAPITAL ACCOUNTANCY specialises in helping small-to-medium sized businesses, sole traders, contractors and landlords. We make sure you pay the r...See More
Oakes Accounting
Oakes Accounting specializes in providing tailor made accounting services, including bookkeeping, VAT and self assessment to small businesses.
MJF ACCOUNTANCY LIMITED
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
T.Y.E BOOKKEEPING LTD
For all your bookkeeping needs from self assessments, VAT returns, EC Sales List, general bookkeeping for sole traders or small businesses. I work on ...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
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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
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
HHR ACCOUNTANCY LTD
Accounting & Bookkeeping Solutions
Frequently asked questions
What is the role of a company liquidator in Shrewsbury?
A company liquidator in Shrewsbury is a licensed insolvency practitioner who manages the process of closing down a company. Their role includes realising company assets, settling outstanding debts with creditors in the correct legal order, investigating the company's financial affairs, and ensuring compliance with statutory requirements. They also handle employee redundancies, communicate with HMRC, and work to achieve the best possible return for creditors while ensuring directors understand their legal duties.
How much does it cost to appoint a liquidator in Shrewsbury?
The cost of liquidation in Shrewsbury varies depending on the complexity of the case, the size of the company, and the type of liquidation required. For a Creditors Voluntary Liquidation (CVL), fees typically range from £3,000 to £7,000 plus VAT, often paid from company assets. For a solvent Members Voluntary Liquidation (MVL), costs may be fixed or based on asset value. We offer a free consultation to provide a precise quote based on your specific circumstances.
What is the difference between CVL and MVL?
A Creditors Voluntary Liquidation (CVL) is used for insolvent companies where directors cannot pay debts, and it protects them from personal liability for wrongful trading. A Members Voluntary Liquidation (MVL) is for solvent companies that have surplus assets to distribute, often used for tax efficiency. In an MVL, directors must swear a statutory declaration of solvency, and the process typically lasts 6-12 months. Both require a licensed insolvency practitioner to act as liquidator.
Can a liquidator be held personally liable for company debts?
No, a liquidator cannot be held personally liable for company debts. However, they are personally liable for any loss caused by their own negligence, breach of duty, or misconduct. Liquidators are regulated by professional bodies and must follow strict insolvency law. Directors may face personal liability for debts if they traded wrongfully or fraudulently, but the liquidator's role is to investigate and report, not to assume the company's liabilities.
How long does a company liquidation take in Shrewsbury?
The duration of liquidation depends on the type and complexity. A Creditors Voluntary Liquidation (CVL) typically takes 6-12 months to complete, including the final dissolution of the company. A Members Voluntary Liquidation (MVL) can also take around 6-12 months, but may be shorter if assets are simple. Compulsory liquidation via court can take longer due to legal processes. Your liquidator will provide a timeline after assessing your case.
What happens to employees when a company goes into liquidation?
When a company enters liquidation, employees are automatically dismissed from the date the liquidation order is made or the resolution is passed. The liquidator is responsible for calculating statutory redundancy pay, notice pay, and unpaid wages. Employees may be able to claim these amounts from the National Insurance Fund through the Redundancy Payments Service if the company cannot pay. The liquidator provides necessary documentation to support these claims.
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