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
KUBED SOLUTIONS LIMITED
Gouri Kubair, the founding director of the business has over a decade of experience in the field of accountancy. Including 8 years in Deloitte, ...See More
BLUEBIRD ACCOUNTANCY LIMITED
Bluebird Accountancy was created with the needs of modern day contractors and freelancers like you in mind. With modern day accountancy software makin...See More
John Lavender accounting ltd
John Lavender Accounting Firm is a beacon of precision and expertise in the financial landscape. With a legacy steeped in integrity and excellence, we...See More
SJD ACCOUNTANCY LIMITED
SJD Accountancy is the UK’s largest specialist provider of fixed fee, limited company accountancy services to contractors and freelancers; we’ve been ...See More
Ashden Accountants
Ashden Accountants are Accountants, Registered Statutory Auditors, Personal and Business Tax Specialists and Business Consultants. We provide accounti...See More
TAA CONSULTANTS LTD
TAA Consultants- Super Accountants 69201 - Accounting and auditing activities 69202 - Bookkeeping activities
MARK SASTA & ASSOCIATES
Mark Sasta & Associates Ltd is a member firm of the Institute of Chartered&nbs...
Accounting4Actors
Accounting4actors is not only for actors! We also represent dancers, musicians, sports professionals, models, writers, artists, directors, camerapeopl...See More
Numerii Ltd
Informed financial support for your business. We are a small, friendly and highly motivated team who offer a professional and efficient service to our...See More
MAKESWORTH LIMITED
Makesworth
Accountants is an award-winning accountancy practice of Chartered
Certified Accountants tax and business advisors. We a...
See More
MINT FORMATIONS LTD
We have over 100 years of combined industry experience, having worked with hundreds of startups and small businesses in every industry imaginable. We ...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
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
Ahmed-Cliffords Ltd
Ahmed-Cliffords has grown to become one of the region's most successful accountants and tax consultancy offices. From simple beginnings, when we wer...See More
DOLAN ACCOUNTANCY LIMITED
If our name sounds familiar, don’t be surprised. Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. A...See More
MADE SIMPLE GROUP LIMITED
Founded in 2003, we've formed over 1 million companies and helped thousands of business owners start, run and grow their business. We help you form ...See More
GOFORMA LIMITED
GoForma is a trusted team of accountants in UK, helping contractors, freelancers, sole&...
Frequently asked questions
What is the difference between CVL and MVL in Welwyn Garden City?
A Creditors Voluntary Liquidation (CVL) is used for insolvent companies where debts cannot be paid, while a Members Voluntary Liquidation (MVL) is for solvent companies that wish to close, often for tax efficiency. In a CVL, a licensed insolvency practitioner realises assets and distributes proceeds to creditors, whereas in an MVL, shareholders receive the surplus after all debts are settled. Our Welwyn Garden City liquidators can assess your financial position and recommend the correct procedure.
How much does company liquidation cost in Welwyn Garden City?
The cost of liquidation varies based on the complexity of your company's affairs, the number of creditors, and the assets involved. For a straightforward CVL, fees typically range from £4,000 to £8,000 plus VAT, while MVL costs are often similar but depend on asset realisation. We provide a fixed-fee quote after a free initial consultation, with no hidden charges. Payment options can be structured, and we will explain all costs upfront.
Can I continue trading after my company enters liquidation?
No, once a company enters compulsory liquidation or a CVL is approved, the directors lose control and the company ceases trading immediately. However, in some cases, the liquidator may continue trading for a short period to complete contracts or sell assets as a going concern. If you wish to continue your business operations, you may need to consider alternatives like administration or a company voluntary arrangement (CVA) instead.
What happens to employees when a company is liquidated in Welwyn Garden City?
Employees are automatically made redundant when a company enters liquidation. The liquidator will terminate employment contracts, and employees may be entitled to statutory redundancy pay, unpaid wages, holiday pay, and notice pay. These claims are preferential and can be claimed from the National Insurance Fund (via the Redundancy Payments Service) if company funds are insufficient. Our team will guide you through the employee process and ensure all legal obligations are met.
Are directors personally liable for company debts after liquidation?
Generally, directors are not personally liable for company debts if they have acted lawfully and in good faith. However, personal liability can arise if you have given personal guarantees, traded wrongfully or fraudulently, or misused company funds. Our liquidators will investigate the conduct of directors, but if you have maintained proper records and acted responsibly, you will not be held accountable for unpaid corporate debts.
How long does the liquidation process take in Welwyn Garden City?
The timeline for a CVL is typically 6 to 12 months from the date of the creditors' meeting to the final dissolution of the company, depending on the complexity of asset realisation and creditor claims. An MVL can be completed faster, often within 3 to 6 months. Delays can occur if there are legal disputes or incomplete records. Our experienced liquidators aim to expedite the process while ensuring full compliance with insolvency law.
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.