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
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
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
.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
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.
Pharmatax
Pharmatax is a leading specialist in pharmacy accounting, offering tailored services that go beyond traditional bookkeeping. O...See More
Matrix Accountancy Services
"Offering a friendly and professional service, I provide ongoing advice and support for every stage of your business journey. As an AAT Licensed Acc...See More
Matrix Accountancy Services Limited
Will Farmer FMAAT, AAT Licensed Accountant and Director of Matrix Accountancy Services Limited Hi I'm Will, In 2012 I...
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
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
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
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.
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
.jpg)
.png)
FLEXIE ACCOUNTANTS LTD
Flexie Accountants is a reputable accounting firm, providing accounting, finance and tax services to sole traders, partnership and Limited companies. ...See More
Zak Partnership
The Zak Partnership have long recognized the importance of working closely with both our clients and our broader partner supplier community as a whole...See More
Frequently asked questions
What is the difference between a creditors' voluntary liquidation and a members' voluntary liquidation in Somerville?
A creditors' voluntary liquidation (CVL) is used when a company is insolvent and cannot pay its debts. The liquidator sells assets to pay creditors, and the process is overseen by creditors. A members' voluntary liquidation (MVL) is for solvent companies where directors declare solvency, and shareholders resolve to wind up the company to distribute surplus assets. In Somerville, our liquidators assess your financial position and recommend the appropriate path, ensuring legal compliance with the Corporations Act 2001.
How long does the company liquidation process take in Somerville?
The duration varies based on complexity. A straightforward members' voluntary liquidation can complete in 3 to 6 months, including the 28-day notice period for ASIC. A creditors' voluntary liquidation may take 6 to 12 months or longer if there are complex asset sales, legal disputes, or incomplete records. Our Somerville liquidators provide a timeline estimate after an initial review and work diligently to expedite the process while meeting all statutory requirements.
Can I continue trading during liquidation in Somerville?
Once a liquidator is appointed, directors lose control of the company. The liquidator may continue trading temporarily if it helps preserve asset value or complete contracts, but only with approval. For insolvent companies, trading while insolvent can lead to personal liability for directors. In Somerville, we advise directors to cease trading immediately upon deciding to liquidate and to consult us before taking any further business actions.
What are the costs involved in hiring a company liquidator in Somerville?
Liquidator fees are typically based on time spent plus disbursements, and they are paid from the company's assets. For insolvent companies, the liquidator's fees have priority over unsecured creditors. In Somerville, we provide upfront fee estimates and discuss potential funding options if assets are insufficient. For members' voluntary liquidations, fees are often fixed or capped, and we ensure cost transparency throughout the engagement.
Will I be personally liable for company debts after liquidation in Somerville?
Generally, directors are not personally liable for company debts if they have not provided personal guarantees, engaged in illegal activity, or traded while insolvent. However, if you have signed personal guarantees for loans or leases, creditors can pursue you individually. Our Somerville liquidators review your financial history to identify potential risks and advise on protecting your personal assets. We also help you understand the implications of director penalties for unpaid taxes.
What happens to employee entitlements during liquidation in Somerville?
Employee entitlements such as unpaid wages, annual leave, and redundancy pay are priority claims in liquidation. The liquidator calculates these amounts and pays them from available assets before unsecured creditors. If assets are insufficient, employees may apply to the Fair Entitlements Guarantee (FEG) scheme for government-funded compensation. Our Somerville team assists employees in lodging FEG claims and ensures their rights are protected throughout the process.
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.