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
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
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
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
Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...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
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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MJF ACCOUNTANCY LIMITED
PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...See More
Oakes Accounting
Oakes Accounting specializes in providing tailor made accounting services, including bookkeeping, VAT and self assessment to small businesses.
BROOKSON LIMITED
Why Brookson? There are plenty of reasons. We’re specialists at dealing with self-employed finances, and have been doing this for over 20 years, so we...See More
GORILLA ACCOUNTING LIMITED
orilla Accounting was born after a group of specialist accountants with decades of experience amongst them, decided that accounting shouldn’t be a lab...See More
Athena Bookkeeping Services
Athena Accounting and Bookkeeping Services. ?Let us take good care of your finances giving you more time to focus on the day to day running of your bu...See More
Holdsworth Accountancy
We are a team of experienced, qualified accountants and bookkeepers providing professional services to individuals and businesses within Bradford and ...See More
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...See More
Clarity Accountants
We work closely with our clients and act for a broad range of business and personal clients. Apart from the more general accountancy services we can a...See More
Frequently asked questions
What is the role of a company liquidator in Ulverston?
A company liquidator in Ulverston is a licensed insolvency practitioner who takes control of a company that is being wound up. Their primary role is to realise the company's assets, settle outstanding debts with creditors in the correct legal order, and distribute any remaining funds to shareholders. They also investigate the directors' conduct and report to the Insolvency Service if any wrongful trading or misfeasance is found.
How much does company liquidation cost in Ulverston?
The cost of liquidation in Ulverston varies depending on the complexity of the company's affairs, the number of assets, and the level of creditor involvement. For a straightforward Creditors' Voluntary Liquidation (CVL), fees typically range from £3,000 to £6,000 plus VAT and disbursements. We always provide a fixed-fee quote after an initial free consultation, so you know the exact cost upfront with no hidden charges.
What is the difference between CVL and MVL?
A Creditors' Voluntary Liquidation (CVL) is used when a company is insolvent and cannot pay its debts. It is initiated by the directors and involves a meeting of creditors. A Members' Voluntary Liquidation (MVL) is used when a company is solvent but the shareholders decide to close it, often for tax efficiency. In an MVL, a liquidator is appointed to distribute assets to shareholders, and it requires a statutory declaration of solvency from the directors.
Can a director be held personally liable for company debts in Ulverston?
Yes, in certain circumstances a director can be personally liable for company debts in Ulverston. This occurs if the director has given a personal guarantee, engaged in wrongful trading, or acted fraudulently. Additionally, if the director continues to trade while knowing the company is insolvent, they may be liable for debts incurred during that period. Our advisors can help you understand your exposure and take protective steps.
How long does a company liquidation take in Ulverston?
A typical Creditors' Voluntary Liquidation in Ulverston takes between 6 to 12 months to complete, depending on the complexity of asset realisation and creditor claims. A Members' Voluntary Liquidation can often be completed in as little as 3 to 6 months. The liquidator must also finalise the company's tax affairs with HMRC, which can sometimes extend the timeline.
What happens to employees during a company liquidation in Ulverston?
When a company enters liquidation in Ulverston, all employees are automatically dismissed from the date the winding-up order is made or the resolution is passed. Employees may be entitled to claim redundancy pay, unpaid wages, holiday pay, and notice pay from the National Insurance Fund (via the Redundancy Payments Service). The liquidator will provide each employee with the necessary claim forms and guidance.
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