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
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
Frequently asked questions
What are the different types of company liquidation available in South East London?
There are three main types: Creditors Voluntary Liquidation (CVL) for insolvent companies, Members Voluntary Liquidation (MVL) for solvent companies, and Compulsory Liquidation which is court-ordered. A licensed insolvency practitioner will assess your financial position and recommend the most appropriate procedure for your circumstances.
How much does it cost to liquidate a company in South East London?
The cost varies depending on the complexity of the company's affairs, asset values, and the number of creditors. For a straightforward CVL, fees typically range from £4,000 to £8,000 plus VAT, but we offer fixed-fee packages with no hidden charges. MVL costs are often lower as there is less investigation required.
How long does the liquidation process take in South East London?
A Creditors Voluntary Liquidation usually takes between 6 to 12 months to complete, depending on how quickly assets can be sold and claims resolved. Members Voluntary Liquidation can be concluded in as little as 3 to 6 months. Compulsory liquidation may take longer due to court processes.
Can I continue trading while my company is being liquidated?
No, once a liquidation order is made or a resolution is passed to wind up the company, trading must cease immediately. However, the liquidator may allow limited trading to complete existing contracts if it benefits creditors. Directors must not take on new obligations during this period.
What happens to employees during a company liquidation in South East London?
All employees are automatically dismissed when liquidation begins. They can claim redundancy pay, unpaid wages, holiday pay, and notice pay from the National Insurance Fund (via the Redundancy Payments Service). Our liquidators will provide employees with the necessary forms and guidance to make these claims.
Will I be personally liable for company debts after liquidation?
Generally, no, if the company is a limited liability entity and you have not given personal guarantees or acted wrongfully. However, if there is evidence of fraudulent trading, wrongful trading, or misfeasance, directors can be held personally liable. Our advisors will help you understand your exposure and ensure compliance to minimise risks.
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.