
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 signs that my company in Thurso needs liquidation?
Key signs include consistent cash flow problems, inability to pay suppliers or HMRC on time, mounting debts, and loss of key contracts. If you are trading while insolvent, it is critical to seek professional advice immediately to avoid personal liability for wrongful trading.
What is the difference between a CVL and an MVL?
A Creditors Voluntary Liquidation (CVL) is for insolvent companies where liabilities exceed assets. A Members Voluntary Liquidation (MVL) is for solvent companies that wish to close, often for tax efficiency. Our liquidators will assess your financial position and recommend the correct procedure.
Can I keep trading after appointing a liquidator in Caithness?
No. Once a liquidator is appointed, their control over the company's affairs is absolute. The directors' powers cease, and the liquidator takes charge of realising assets, settling debts, and winding down operations. You must not trade after the liquidation order is made.
How much does company liquidation cost in Thurso?
Costs vary based on complexity, but we offer fixed-fee packages for standard CVLs and MVLs. The fee is typically paid from company assets, but if there are insufficient assets, directors may need to contribute to cover costs. We provide transparent quotes before you commit.
Will my employees be paid during liquidation?
Yes, employees are preferential creditors. The liquidator will claim statutory redundancy and unpaid wages from the National Insurance Fund on their behalf. We will guide you through the process to ensure your staff receive their legal entitlements without unnecessary delay.
What are the legal duties of directors during insolvency in Scotland?
Directors must act in the best interests of creditors once insolvency is inevitable. This includes avoiding preferential payments, not taking excessive benefits, and cooperating fully with the liquidator. Failure to comply can result in personal liability, disqualification, or even criminal prosecution.
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.
