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
IDEO BUSINESS SERVICES LTD
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Breco Accounting Services
Client centered accountant concentrating on helping small businesses and individuals. Friendly Service, Competitive rates. Payroll Services, Vat Retur...See More
TaxKings Tax Made Simple
TaxKings work with owner managed businesses all over the UK. With off...
Agility Bookkeeping
Agility Bookkeeping is a Xero online bookkeeping firm based in the UK having three offices in Glasgow, Stirling, and Edinburgh. Whether you are a new ...See More
TI Accountancy Limtied
TI Accountancy was established in 2002 by its owner Tracy Irwin, who grew the company organically through her hard work and determination to the Emplo...See More
Stewart Accounting Services
Stewart Accounting Services, Chartered Accountants, is a CA firm with its main office in Alloa, Clackmannanshire. We also have offices in Falkirk and ...See More
LFR Accounting
Accountancy and taxation services
CloudBook Accountants Ltd
Since we were established in 2013, we have done everything online - from getting a quote to signing off your accounts. It's easier and quicker, so it ...See More
Tax Returns - London
At Cheap Tax Returns, we love to give a personalized touch to the service we provide. As an accountancy firm, we understand small business owners and ...See More
NIXON WILLIAMS LIMITED
Nixon Williams has been providing specialist accountancy services to contractors, freelancers, consultants and interim professionals throughout the UK...See More
LLOYDS ACCOUNTANTS LTD
We offer accounts, taxation and business advisory and support services to a wide range of businesses and individuals, nationwide. We continue to build...See More
Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...See More
Sabre Accountants
Sabre Accountants have built up a fantastic reputation as a trustworthy, affordable & reliable accountancy service. We provide accountancy services a...See More
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
GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More
C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
Holdsworth Accountancy
We are a team of experienced, qualified accountants and bookkeepers providing professional services to individuals and businesses within Bradford and ...See More
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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Frequently asked questions
What is the role of a company liquidator in Suffolk?
A company liquidator in Suffolk is a licensed insolvency practitioner who takes control of a company's affairs when it is being wound up. Their role includes realising assets, settling creditor claims, investigating director conduct, and ensuring legal compliance. They act in the best interests of creditors while providing clear guidance to directors throughout the process.
How much does company liquidation cost in Suffolk?
The cost of liquidation in Suffolk varies depending on the complexity of the case, the size of the company, and the number of creditors. Typically, a Creditors' Voluntary Liquidation (CVL) can range from £4,000 to £8,000 plus VAT, but many firms offer fixed fees. A free initial consultation will provide an accurate quote after reviewing your company's financial position.
What is the difference between CVL and MVL liquidation?
A Creditors' Voluntary Liquidation (CVL) is used when a company is insolvent and cannot pay its debts. A Members' Voluntary Liquidation (MVL) is used when a company is solvent and directors wish to close it, often for tax efficiency. In an MVL, creditors are paid in full, whereas in a CVL, they may receive a partial repayment depending on available assets.
Can directors be held personally liable during liquidation?
Directors can be held personally liable if they have acted wrongfully, traded while insolvent, or misused company funds. However, if you seek professional advice early and cooperate fully with the liquidator, personal liability is rare. A licensed liquidator will review your conduct and help you avoid potential claims from creditors or the Insolvency Service.
How long does the liquidation process take in Suffolk?
A straightforward Creditors' Voluntary Liquidation typically takes between 6 to 12 months to complete, depending on how quickly assets are sold and creditor claims are resolved. Members' Voluntary Liquidations can be faster, often closing within 3 to 6 months. The liquidator will provide a timeline after assessing your specific situation.
What happens to employees when a company goes into liquidation?
When a company enters liquidation, employees are automatically made redundant from the date the winding-up order is granted. They may be entitled to claim redundancy pay, unpaid wages, and holiday pay from the National Insurance Fund. The liquidator will provide the necessary forms and guide employees on how to submit their claims to the Redundancy Payments Service.
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