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
Financial Claims Consultants
Financial Claims Consultants offer No Win No Fee Pension Claims – we help clients&...
Purnells - Licensed Insolvency Practitioners
As insolvency practitioners we also specialise in interpreting the legislation set out in The Insolvency Act 1986, The Insolvency (England and Wale...
SG CONTRACTOR ACCOUNTING LIMITED
SG Accounting was established in 1995 to service the accountancy and taxation needs of professional contractors and freelancers. We are based in Winc...See More
Kings Oak Accountancy
Accountants based in Bristol, Bath & Somerset providing accounting and tax services to small and medium size owner-managed businesses. Our services in...See More
KINGS OAK ACCOUNTANCY (SOMERSET) LTD
We are a small firm of Accountants based in Somerset. Michael is a fellow of the Chartered Institute of Management Accounting with over 30 years expe...See More
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HUBBLE ACCOUNTANCY LTD
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Woody's Payroll & Bookkeeping Services
Here at Woody's we have years of experience in providing a dedicated, professional and highly personal service to our clients. We offer a wide range o...See More
Bell Stanley Accountants
Welcome to Bell Stanley Accountants page.
DEAD SIMPLE ACCOUNTING LTD
Dead Simple Accounting is an expert accounting firm based in Reading, Berkshire. We’ve been supporting the local business community in Reading with a ...See More
Turner Barratt
At Turner Barratt we believe that we have something unique to offer. Just Corporate Finance Turner Barratt are Chartered Accountants who are dedicate...See More
Accounting etc. limited
We are a small firm of Chartered Management Accountants dedicated to providing you with a high quality accountancy service and sound business advice a...See More
QUENTELA ACCOUNTING LIMITED
Quentela Accounting is a family run accountancy practise based in Wokingham, Berkshire. We are a small business but with an emphasis on BIG commitment...See More
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
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
TITUS ACCOUNTS LTD
I know that telling you the truth won’t make me very popular with other accountants. If I'm honest I never liked them much anyway. Chances are (if yo...See More
OVAL ACCOUNTANTS LTD
Your Bookkeeping, Accounting And Self Assessment Experts, Here To Bring You The Highest Standard Of Service.
Williamslester Brilliant Accounting Services
Our range of services are provided by fully qualified and experienced staff who always monitor, advise and review both new and existing clients. This ...See More
BARNES MAYER LIMITED
Barnes Mayer Ltd is an independent, family run business providing accounting and taxation services throughout Maidenhead, Berkshire and Buckinghamshir...See More
Frequently asked questions
What is the role of a company liquidator in Swanage?
A company liquidator in Swanage is a licensed insolvency practitioner who manages the closure of a company. Their role includes assessing the company's financial position, selling assets, settling creditor claims, and distributing any remaining funds to shareholders. They also ensure compliance with legal requirements and handle all necessary paperwork to formally dissolve the company.
How much does company liquidation cost in Swanage?
The cost of company liquidation in Swanage varies depending on the complexity of the case, the size of the company, and the type of liquidation required (CVL or MVL). Typically, fees range from £1,500 to £5,000 plus VAT for a straightforward CVL. We provide a fixed-fee quote after an initial consultation, ensuring no hidden costs.
What is the difference between CVL and MVL?
A Creditors Voluntary Liquidation (CVL) is used for insolvent companies where liabilities exceed assets. It is initiated by directors to avoid compulsory winding up. A Members Voluntary Liquidation (MVL) is for solvent companies that wish to close, often for tax efficiency. In an MVL, directors must swear a declaration of solvency, confirming the company can pay its debts within 12 months.
Can a company liquidator help if I have personal guarantees?
Yes, a company liquidator can advise on the implications of personal guarantees. If you have personally guaranteed business loans or leases, the lender may pursue you for repayment after liquidation. Our team can negotiate with creditors, explore options like individual voluntary arrangements (IVAs), and help you understand your legal rights and potential risks.
How long does the liquidation process take in Swanage?
The duration depends on the type of liquidation and the complexity of the company's affairs. A CVL typically takes between 6 to 12 months to complete, including the final dissolution. An MVL can be faster, often completed in 3 to 6 months. However, if there are complex asset sales or legal disputes, it may take longer.
What are the legal duties of directors during liquidation?
Directors have a legal duty to act in the best interests of creditors once insolvency is apparent. They must cooperate with the liquidator, provide accurate financial records, and avoid wrongful trading. Failing to comply can result in personal liability, disqualification, or even criminal prosecution. Our liquidators guide directors through these obligations to minimize risk.
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