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
MGM & CO. Chartered Certified Accountants
If you are looking for professional accountants offering a full range of accountancy and tax services to clients from across the UK, you have come to ...See More
Accounting 4 Ltd
Registered practice offering accountancy services from Bookkeeping, Payroll, Vat, Self Assessment, Small Limited Company accounts etc Qualified to AAT...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
Mind Your Assets Accounts
Mind Your Assets Accounts is based in Sheffield, South Yorkshire, with offices also in Manchester and London. We have over 20 years accountancy expe...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
Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...See More
Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...See More
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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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
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
Sambhav Management Limited
Since 2012, we’ve offered clients the tools, resources and guidance necessary for all their accounting needs. Clients receive the personalized attenti...See More
PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...See More
SAFEBOOKS4U BOOKKEEPING SERVICES
For all Your Bookkeeping Needs Safebooks4u specializes in a variety of bookkeeping services with outstanding support. We understand how busy you are,...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
GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...See More
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
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
Frequently asked questions
What is a company liquidator in Wakefield?
A company liquidator in Wakefield is a licensed insolvency practitioner who manages the closure of a company. They take control of the company's assets, sell them, and distribute the proceeds to creditors in a legally compliant order. They also investigate the directors' conduct and ensure that all statutory duties are fulfilled during the winding-up process.
When should a company in Wakefield consider liquidation?
A company should consider liquidation when it cannot pay its debts as they fall due, such as when it faces statutory demands, winding-up petitions, or when liabilities exceed assets. Directors should seek advice as soon as financial difficulties arise to avoid wrongful trading claims. Early liquidation can protect personal guarantees and reduce creditor pressure.
What is the difference between CVL and MVL?
Creditors Voluntary Liquidation (CVL) is for insolvent companies where directors initiate the process to avoid compulsory liquidation. Members Voluntary Liquidation (MVL) is for solvent companies that have paid all debts and wish to close, often for tax efficiency. A licensed insolvency practitioner must confirm solvency before an MVL can proceed.
How much does a company liquidation cost in Wakefield?
The cost of liquidation in Wakefield varies depending on the company's size, asset complexity, and creditor structure. Typically, CVL fees range from £3,000 to £7,000 plus VAT, and may be taken from the company's assets. For MVL, fees are often fixed and can be agreed in advance. We provide a transparent quote after a free initial assessment.
Can directors be held personally liable after liquidation?
Directors can be held personally liable if they have acted wrongfully, such as trading while insolvent without reasonable prospect of recovery, or if they have misused company funds. A liquidator investigates director conduct. If evidence of misconduct is found, they may seek a court order for compensation or disqualification. Seeking professional advice early can mitigate these risks.
What happens to employees when a company goes into liquidation?
When a company enters liquidation, employees are automatically dismissed by the liquidator. They may claim redundancy pay, unpaid wages, holiday pay, and notice pay from the National Insurance Fund via the Redundancy Payments Service. The liquidator provides the necessary forms and guidance to help employees submit their claims promptly.
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