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
Argents Chartered Accountants
An established firm of chartered accountants based in Norwich, we provide a range of accountancy and business support services to clients throughout t...See More
GO 2 Girl Limited
I offer a fully flexible remote work or local on site and assist you with anything relating to finance within the business and any necessary admin tas...See More
J C Accounting Ltd
J C Accounting Ltd offer the type of bespoke service that larger Accountants can’t. We specialise in Sole Traders, Partnerships and Small Limited Com...See More
Virtue Accountants Ltd
Bird & Co
Bird & Co was formed by local Yaxley accountant Pete Bird and we now serve not only clients in the Yaxley and Peterborough area, but more widespread a...See More
LeeP Accountants Registered in England & Wales
Welcome to LeeP Accountants! We are a team of friendly and professional accountants based in Peterborough, Cambridgeshire. We have one key goal ...
Figures (UK) Accountancy Services
Figures UK takes a different approach to company book keeping and accountancy work – you won’t find us hunched in grey suits between stacks of files. ...See More
Accounting4Actors
Accounting4actors is not only for actors! We also represent dancers, musicians, sports professionals, models, writers, artists, directors, camerapeopl...See More
Ashden Accountants
Ashden Accountants are Accountants, Registered Statutory Auditors, Personal and Business Tax Specialists and Business Consultants. We provide accounti...See More
.jpg)
Additions Accountancy
Welcome to Additions Accountancy Looking for Grantham Accountants? We are a firm of accountants in Grantham with a strong customer service ethos and ...See More
John Lavender accounting ltd
John Lavender Accounting Firm is a beacon of precision and expertise in the financial landscape. With a legacy steeped in integrity and excellence, we...See More
AWS ACCOUNTANTS (LONDON) LLP
KUBED SOLUTIONS LIMITED
Gouri Kubair, the founding director of the business has over a decade of experience in the field of accountancy. Including 8 years in Deloitte, ...See More
SARA COOPERS ACCOUNTANTS LTD
About Sara Coopers Whatever business you are in; you owe it to yourself to find an accountancy service that operates for your benefit – not the taxma...See More
MQPLUS LTD
MQplus LTD provides accurate, flexible and cost-effective managment accounting services for sole traders,partnerships and Limited Companies
Ahmed-Cliffords Ltd
Ahmed-Cliffords has grown to become one of the region's most successful accountants and tax consultancy offices. From simple beginnings, when we wer...See More
BLUEBIRD ACCOUNTANCY LIMITED
Bluebird Accountancy was created with the needs of modern day contractors and freelancers like you in mind. With modern day accountancy software makin...See More
Frequently asked questions
What is the difference between a Members' Voluntary Liquidation (MVL) and a Creditors' Voluntary Liquidation (CVL)?
An MVL is used for a solvent company where directors swear a declaration of solvency, confirming the company can pay its debts in full within a set period. It is often used for tax-efficient extraction of retained profits. A CVL is for an insolvent company that cannot pay its debts, where a liquidator is appointed to realize assets and distribute proceeds to creditors fairly. The choice depends on your company's financial status and goals.
How long does the liquidation process take in Suton?
The duration varies based on complexity. For a straightforward CVL, the process typically takes 6 to 12 months, while an MVL can be completed in as little as 3 to 6 months. However, cases involving complex asset sales, litigation, or disputes may take longer. Your liquidator will provide a realistic timeline after reviewing your company's situation.
Can a company continue trading during liquidation?
Once a liquidation order is made or a resolution is passed, the liquidator takes control, and the directors' powers cease. Trading is generally not permitted except for the purpose of winding up the company's affairs, such as completing existing contracts or selling stock. The liquidator will decide whether any limited trading is beneficial to maximize creditor returns.
What are the legal duties of directors when their company is insolvent?
Directors must act in the interests of creditors rather than shareholders once insolvency is apparent. This includes avoiding wrongful trading, not taking preferential payments, and providing full disclosure of company finances. Failure to comply can lead to personal liability, disqualification, or even criminal penalties. Professional advice from a licensed liquidator is crucial to navigate these duties.
Will employees be paid if the company goes into liquidation?
Employees are entitled to claim certain arrears of wages, holiday pay, and redundancy payments from the National Insurance Fund, subject to statutory caps. The liquidator will assist employees in making these claims and will also prioritize preferential payments for unpaid wages up to a limit. However, secured creditors and liquidation expenses may take precedence over unsecured claims.
How much does it cost to hire a company liquidator in Suton?
Liquidation costs vary based on the complexity of the case and the size of the company. For a CVL, fees are often based on a percentage of assets realized or an hourly rate, but many firms offer fixed fees for straightforward cases. An MVL typically has a fixed fee starting around £1,500 to £3,000 plus disbursements. Always obtain a clear written quote before appointing a liquidator.
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.