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
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
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
HUBBLE ACCOUNTANCY LTD
This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.
.png)
MARLIS BOOKKEEPING & ACCOUNTANCY
The team comprises of Marion and Lisa, a mother and daughter combination, who offe...
.jpg)
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
.jpg)
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
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
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...
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
MRC Accounting Services
Providing accounting services and solutions
Bell Stanley Accountants
Welcome to Bell Stanley Accountants page.
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
Financial Claims Consultants
Financial Claims Consultants offer No Win No Fee Pension Claims – we help clients&...
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
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
.jpeg)
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.
ADD- WORTH ACCOUNTANCY LTD
Helping business owners make sense of their numbers. 30+ years of progressive finance and accounting experience in various industries. Offering expert...See More
Frequently asked questions
What is the role of a company liquidator in Somerton?
A company liquidator in Somerton is a licensed insolvency practitioner who manages the winding-up of a company's affairs. Their role includes selling company assets, settling outstanding debts with creditors, distributing any remaining funds to shareholders, and ensuring all legal and regulatory requirements are met. They also investigate the company's financial history and report on the causes of insolvency, providing a clear and lawful conclusion to the business.
How much does company liquidation cost in Somerton?
The cost of company liquidation in Somerton 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 £4,000 to £8,000 plus VAT, but this can be higher for larger companies. We always provide a detailed, fixed-fee quote upfront with no hidden costs, ensuring you know exactly what to expect before proceeding.
What is the difference between CVL and MVL?
Creditors Voluntary Liquidation (CVL) is used for insolvent companies that cannot pay their debts, while Members Voluntary Liquidation (MVL) is for solvent companies where directors wish to close the business voluntarily, often for tax efficiency. In a CVL, creditors are involved in the process and may receive a dividend, whereas in an MVL, all debts are paid in full, and remaining assets are distributed to shareholders. Our experts can advise which route is suitable for your situation.
Can a company liquidator in Somerton help with director's personal guarantees?
Yes, a company liquidator can provide guidance on director's personal guarantees, which are common when securing business loans or leases. While liquidation releases the company from its debts, personal guarantees remain enforceable against you. However, a skilled liquidator can negotiate with creditors to reduce the amount claimed or arrange a settlement, potentially mitigating your personal liability. We recommend seeking advice early to explore all available options.
How long does the liquidation process take in Somerton?
The duration of the liquidation process in Somerton depends on the complexity of the case. A straightforward Creditors Voluntary Liquidation (CVL) typically takes between 6 to 12 months to complete, including the initial meeting, asset realization, and final distribution. However, if there are complex assets, legal disputes, or incomplete records, it may take longer. Our team works efficiently to conclude the process as quickly as possible while ensuring compliance.
What are the legal obligations of directors during liquidation?
Directors have several legal obligations during liquidation, including cooperating fully with the liquidator, providing all company records and financial statements, and disclosing any transactions made in the lead-up to insolvency. They must also avoid preferential payments or transferring assets to favored creditors. Failure to comply can result in personal liability, disqualification as a director, or even criminal prosecution. Our liquidators guide you through these duties to ensure full compliance.
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.