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
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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
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
Cheaper Accountant
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GORILLA ACCOUNTING LIMITED
orilla Accounting was born after a group of specialist accountants with decades of experience amongst them, decided that accounting shouldn’t be a lab...See More
Athena Bookkeeping Services
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Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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PAYLESS ACCOUNTING & OUTSOURCING LIMITED
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Clarity Accountants
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ACCOUNTS 2U LIMITED
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BROOKSON LIMITED
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C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More
Mind Your Assets Accounts
Mind Your Assets Accounts is based in Sheffield, South Yorkshire, with offices also in Manchester and London. We have over 20 years accountancy expe...See More
MGM & CO. Chartered Certified Accountants
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MJF ACCOUNTANCY LIMITED
Holden Associates
Holden Associates are a family run business founded in 2002, we are located at V12, Merlin Park, a modern purpose-built office in Burscough, Lancashir...See More
Holdsworth Accountancy
We are a team of experienced, qualified accountants and bookkeepers providing professional services to individuals and businesses within Bradford and ...See More
Accounting 4 Ltd
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Frequently asked questions
What is the role of a company liquidator in Stockport?
A licensed company liquidator in Stockport is appointed to wind up a company's affairs when it becomes insolvent or when shareholders decide to close a solvent business. Their primary role is to collect and realise company assets, investigate the company's financial history, agree claims from creditors, and distribute any available funds in the statutory order of priority. They also ensure that the company is formally dissolved and removed from the Companies House register, while providing a professional service that protects directors from potential legal liabilities where appropriate.
How much does company liquidation cost in Stockport?
The cost of company liquidation in Stockport varies depending on the complexity of the case, the size of the company, and the type of liquidation required. For a Creditor Voluntary Liquidation (CVL), typical fees range from £3,000 to £6,000 plus VAT and disbursements, though some firms offer fixed fees. Members Voluntary Liquidation (MVL) for solvent companies is often more expensive due to the need for detailed asset distribution and tax planning. Always request a written quote before instructing a liquidator, and beware of unusually low fees that may indicate a lack of service or hidden costs.
What is the difference between CVL and MVL in Stockport?
A Creditor Voluntary Liquidation (CVL) is used for insolvent companies where directors cannot pay debts as they fall due. It is initiated by a shareholder resolution and requires creditor approval. An MVL (Members Voluntary Liquidation) is for solvent companies where directors can declare solvency and pay all debts in full within 12 months. MVL is often used for tax-efficient distribution of retained profits to shareholders. The key difference is solvency: CVL deals with debts and creditor claims, while MVL is a planned closure of a healthy company.
Can I still be a director after my Stockport company is liquidated?
Yes, you can generally remain a director of other companies after a Creditor Voluntary Liquidation (CVL), provided you have not been found guilty of wrongful trading, fraudulent trading, or other misconduct that leads to a disqualification order. However, if you have previously been a director of a company that went into compulsory liquidation (court-ordered), you may face restrictions. It is essential to seek professional advice to understand your personal liabilities and any potential disqualification risks before proceeding with liquidation.
What happens to company debts after liquidation in Stockport?
Once a company enters liquidation in Stockport, all unsecured debts are frozen and cannot be pursued directly against the company. The liquidator will assess the validity of each creditor claim and pay dividends from available assets according to the statutory hierarchy: secured creditors first, then preferential creditors (such as employees for certain wages), and finally unsecured creditors. If there are insufficient assets, unsecured creditors may receive nothing, but they cannot pursue directors personally unless there was a personal guarantee or evidence of misconduct.
How long does the liquidation process take in Stockport?
The length of the liquidation process in Stockport depends on the complexity of the case. A straightforward Creditor Voluntary Liquidation (CVL) can be completed in 6 to 12 months, but this can extend if there are complex asset realisations, legal disputes, or incomplete records. Members Voluntary Liquidation (MVL) often takes 3 to 6 months. The liquidator must file final accounts and a return to Companies House, and the company is usually dissolved within 3 months of the final meeting. Your liquidator will provide a timeline estimate at the outset.
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