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
Purnells - Licensed Insolvency Practitioners
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Woody's Payroll & Bookkeeping Services
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Bell Stanley Accountants
Welcome to Bell Stanley Accountants page.
Kings Oak Accountancy
Accountants based in Bristol, Bath & Somerset providing accounting and tax services to small and medium size owner-managed businesses. Our services in...See More
KINGS OAK ACCOUNTANCY (SOMERSET) LTD
We are a small firm of Accountants based in Somerset. Michael is a fellow of the Chartered Institute of Management Accounting with over 30 years expe...See More
Financial Claims Consultants
Financial Claims Consultants offer No Win No Fee Pension Claims – we help clients&...
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HUBBLE ACCOUNTANCY LTD
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Williamslester Brilliant Accounting Services
Our range of services are provided by fully qualified and experienced staff who always monitor, advise and review both new and existing clients. This ...See More
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MARLIS BOOKKEEPING & ACCOUNTANCY
The team comprises of Marion and Lisa, a mother and daughter combination, who offe...
TKI Bookkeeping & Accounts
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SG CONTRACTOR ACCOUNTING LIMITED
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Modus Accountants Limited
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DEAD SIMPLE ACCOUNTING LTD
Dead Simple Accounting is an expert accounting firm based in Reading, Berkshire. We’ve been supporting the local business community in Reading with a ...See More
Turner Barratt
At Turner Barratt we believe that we have something unique to offer. Just Corporate Finance Turner Barratt are Chartered Accountants who are dedicate...See More
Accounting etc. limited
We are a small firm of Chartered Management Accountants dedicated to providing you with a high quality accountancy service and sound business advice a...See More
QUENTELA ACCOUNTING LIMITED
Quentela Accounting is a family run accountancy practise based in Wokingham, Berkshire. We are a small business but with an emphasis on BIG commitment...See More
The Bean Counters Accountants LLP
Established in 2011, The Bean Counters Accountants is a growing accounting firm in Maidenhead which specializes in cloud accounting and bookkeeping, p...See More
BARNES MAYER LIMITED
Barnes Mayer Ltd is an independent, family run business providing accounting and taxation services throughout Maidenhead, Berkshire and Buckinghamshir...See More
Frequently asked questions
What is the difference between a CVL and an MVL for my company in Ware?
A Creditors Voluntary Liquidation (CVL) is for insolvent companies that cannot pay their debts, where a licensed insolvency practitioner winds up the business and distributes assets to creditors. A Members Voluntary Liquidation (MVL) is for solvent companies, typically used by directors to close a business and access retained profits under capital gains tax treatment. Our Ware liquidators will assess your financial position and recommend the correct procedure.
How long does the liquidation process take in Ware?
The timeline varies depending on the complexity of the company's affairs. A straightforward MVL can be completed in as little as six to nine months, while a CVL often takes between six and twelve months to finalise, including the investigation period and distribution of funds. Our liquidators in Ware provide a clear timeline at the outset and keep you informed throughout.
Can I keep trading while my company is being liquidated?
Once a liquidation order is made (CVL), directors' powers cease, and trading must stop immediately. However, in certain circumstances, the liquidator may continue trading for a short period to complete work-in-progress or sell assets for better value. For an MVL, trading must also stop before the resolution is passed. Our Ware liquidators will advise on the legal boundaries to avoid personal liability.
What are the costs of using a company liquidator in Ware?
Costs vary based on the size of the company, asset complexity, and creditor involvement. For a CVL, fees are often paid from the company's assets, and we provide a fixed-fee quote upfront with no hidden charges. For an MVL, our fees are typically agreed as a percentage of distributions or a fixed fee. We offer transparent pricing and a free initial consultation to discuss costs in detail.
Will I be personally liable for company debts after liquidation?
In most cases, directors are not personally liable for company debts if they have acted in good faith and not engaged in wrongful trading or fraudulent activity. A successful liquidation provides a legal shield against outstanding business debts. Our liquidators in Ware will review your conduct and advise on any potential risks, but we always aim to protect directors from personal claims.
What happens to employees and their claims during liquidation in Ware?
When a company goes into liquidation, employees are automatically made redundant. They may be entitled to redundancy pay, unpaid wages, holiday pay, and notice pay. These claims are preferential debts and are paid from the company's assets, or if insufficient, through the National Insurance Fund (Redundancy Payments Service). Our liquidators handle all employee communications and statutory claims correctly.
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