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 Partnership London
The Financial Partnership LLP, London, is a young, dynamic and innovative firm of Accountants & Business Advisors who can help improve the performance...See More
City Tax London
City Tax London provides unparalleled personalized accounting services and th...
" Accountify – Chartered Certified Accountants"
A firm of Chartered Certified Accountants based in London and Portsmouth. Accountify is an established brand in Accounting and Tax, serving its client...See More
Fitzgeralds Accountants Limited
We are a well established firm of accountants and tax advisors based in South West London, dealing with small businesses and high net worth individual...See More
Not Just Bookkeeping Ltd
Friendly Consulting offers a wide range of consulting services for several indu...
See More
Hayes Accountants
Hayes Accountancy is your local accountancy service provider & part of the group BNW Accountants & Tax Consultants. We offer high-quality accounting a...See More
Tax Cruncher
Tax Cruncher is an online accounting &Tax consulting firm serving clients nationwide. Our aim is to help SMEs to grow their business by crunching thei...See More
Startup Accountants
Our startup accountants London operate with a specific approach to keep your business afloat. Gradually positioning it where you have dreamt it to be....See More
Central London Accountants
We are proud partners of leading software provider firm Xero, and we can help if you require Xero Accountants in London, Xero training, or need remote...See More
Cheap - Accountants
As a small business owner, your main focus is to work on your business strengths to help it grow, and you can’t just achieve it through juggling every...See More
London Accountants
We have been providing a range of tailored accounting and taxation services to individuals as well as small and medium sized businesses. See More
EXPEDIENT ACCOUNTANCY
Expedient Accountancy Limited provides a wide range of expert accounting services. We are a partnership of 3 Chartered Certified Accountants with more...See More
Taxeasy Ltd
TaxEasy Ltd is an experienced and proactive firm of certified accountants and bookkeepers offering high quality accounting services to clients through...See More
Abu Umar & Co.
Welcome to Abu Umar & Co. We are a small Accounting firm, based in London, We specialize in dealing with all accounting problems. As we have been o...See More
Yourtaxhelp
Our motto is “Accountants and Tax Advisers with simple technology”. We will not stop being innovative or using cutting edge technology to help you out...See More
MAKESWORTH LIMITED
Makesworth
Accountants is an award-winning accountancy practice of Chartered
Certified Accountants tax and business advisors. We a...
See More
Clear House Accountants
Clear House Accountants are Performance-driven Business Accountants in London. We are Chartered Accountants focused on helping startups and small bus...See More
ION Chartered Accountant
ION Chartered Accountants are a boutique accountancy and consulting practice that supports small and medium enterprises in a wide range of business se...See More
Frequently asked questions
What is the role of a company liquidator in Twickenham?
A company liquidator in Twickenham is a licensed insolvency practitioner who manages the formal closure of a company. Their role includes assessing the company's financial position, realising assets, settling creditor claims, and distributing any remaining funds to shareholders. They also ensure compliance with the Insolvency Act and handle all necessary paperwork, such as filing forms with Companies House and notifying HMRC. In a Creditors Voluntary Liquidation, they investigate director conduct and report any wrongful trading or misfeasance. Ultimately, they aim to achieve the best possible return for creditors while providing a structured and legally compliant end to the company.
How much does company liquidation cost in Twickenham?
The cost of company liquidation in Twickenham varies depending on the complexity of the case, the size of the company, and the type of liquidation required. For a Creditors Voluntary Liquidation (CVL), fees typically range from £3,000 to £7,000 plus VAT and disbursements, but many firms offer fixed fees for straightforward cases. Members Voluntary Liquidation (MVL) costs are often higher, starting around £2,500, because they involve additional tax planning. It is essential to obtain a detailed quote upfront and ask about any hidden charges, such as asset realisation fees or legal costs. Always choose a licensed insolvency practitioner who provides transparent pricing.
What is the difference between CVL and MVL liquidation?
A Creditors Voluntary Liquidation (CVL) is used when a company is insolvent, meaning it cannot pay its debts as they fall due. The liquidator sells assets and distributes proceeds to creditors, and the company is then dissolved. A Members Voluntary Liquidation (MVL) is for solvent companies where directors can declare solvency and wish to close the business, often for tax efficiency or retirement. In an MVL, the liquidator distributes assets to shareholders after paying all debts. The key difference is solvency: CVL is for insolvent companies, while MVL is for solvent ones. Each has different legal procedures and implications for directors.
Can I liquidate my own company without a liquidator?
No, you cannot liquidate your own company without a licensed insolvency practitioner. The Insolvency Act 1986 requires that a qualified and licensed insolvency practitioner acts as the liquidator in both CVL and MVL processes. Attempting to strike off a company informally is only possible if it is solvent, has not traded in the last three months, and has no assets or liabilities. However, this process does not properly deal with debts or creditor claims and can leave directors personally liable. For any formal liquidation, you must appoint an official liquidator to ensure legal compliance and protect your interests.
What happens to employees when a company goes into liquidation?
When a company enters liquidation, employees are automatically dismissed from the date the liquidation order is made. The liquidator becomes responsible for their employment matters. Employees may be able to claim redundancy pay, unpaid wages, holiday pay, and notice pay from the National Insurance Fund through the Redundancy Payments Service. The liquidator will provide each employee with the necessary forms (e.g., RP1) to make these claims. Preferential creditors, including employees, are paid before unsecured creditors from any available assets. The liquidator will also advise employees on their rights and assist with any claims for unfair dismissal if applicable.
How long does the liquidation process take in Twickenham?
The length of the liquidation process depends on the complexity of the company's affairs. A straightforward Creditors Voluntary Liquidation (CVL) can complete in as little as six to nine months, while more complex cases with numerous assets or legal disputes may take over a year. Members Voluntary Liquidation (MVL) often takes around six months, but if there are tax investigations or property sales, it can extend. The liquidator must first collect and value assets, agree claims, and then distribute funds. Once all matters are resolved, the company is dissolved, which typically occurs three months after the final meeting. Your liquidator will provide a timeline based on your specific situation.
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.