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
PAYLESS ACCOUNTING & OUTSOURCING LIMITED
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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
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
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...See More
Sambhav Management Limited
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Norbury Bookkeeping Services
We offer a complete bookkeeping and computerized payroll service throughout Cheshire and South Manchester and are able to offer support for all financ...See More
BROOKSON LIMITED
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Clarity Accountants
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C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
ACCOUNTS 2U LIMITED
Our director, Howard Turner MAAT ATT, qualified as an accounting and taxation technician in 1995 after training with chartered accountants in Cheshire...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
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
MJF ACCOUNTANCY LIMITED
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
Oakes Accounting
Oakes Accounting specializes in providing tailor made accounting services, including bookkeeping, VAT and self assessment to small businesses.
Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...See More
MGM & CO. Chartered Certified Accountants
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Frequently asked questions
What is the role of a company liquidator in Urmston?
A company liquidator in Urmston is a licensed insolvency practitioner who manages the closure of a limited company that cannot pay its debts. Their role includes selling company assets, settling creditor claims, investigating the company's affairs, and distributing any remaining funds to shareholders. They also ensure all legal and statutory requirements are met, and they handle employee redundancies and final accounts.
How much does company liquidation cost in Urmston?
The cost of company liquidation in Urmston varies depending on the complexity of the case, the size of the company, and the number of creditors. Typically, fees range from £1,500 to £5,000 plus VAT for a straightforward Creditors' Voluntary Liquidation (CVL). The liquidator's fees are usually paid from the company's assets, but if there are no assets, directors may need to fund the process personally. Always request a fixed fee quote before engaging a liquidator.
Can I liquidate my company myself in Urmston?
No, you cannot liquidate your company yourself if it is insolvent. Only a licensed insolvency practitioner can act as a liquidator for a formal liquidation process. Attempting to wind up a company without professional help can lead to serious legal consequences, including personal liability for debts, director disqualification, or even criminal prosecution for wrongful trading or fraudulent activity.
What is the difference between a Creditors' Voluntary Liquidation and a Members' Voluntary Liquidation?
A Creditors' Voluntary Liquidation (CVL) is used for insolvent companies where debts cannot be paid. It is initiated by directors and involves creditors' approval. A Members' Voluntary Liquidation (MVL) is for solvent companies where directors and shareholders decide to close the business while it can still pay all debts. MVL is often used for tax efficiency to extract retained profits as capital rather than income.
What happens to employees during company liquidation in Urmston?
When a company goes into liquidation, all employees are automatically made redundant from the date the liquidation order is made. The liquidator is responsible for ensuring employees receive their statutory redundancy pay, notice pay, unpaid wages, and holiday pay. These claims are often paid from the National Insurance Fund (via the Redundancy Payments Service) if the company lacks sufficient assets to cover them.
Can I start a new business after liquidating my company in Urmston?
Yes, you can start a new business after liquidation, but there are restrictions. If your company was liquidated due to insolvency, you must not use the same or a similar company name that suggests a connection with the old company for a period of five years, unless you obtain court permission or follow the 'phoenix' rules. You should also consider the impact on your credit rating and any personal guarantees you signed.
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