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
Agility Bookkeeping
Agility Bookkeeping is a Xero online bookkeeping firm based in the UK having three offices in Glasgow, Stirling, and Edinburgh. Whether you are a new ...See More
Stewart Accounting Services
Stewart Accounting Services, Chartered Accountants, is a CA firm with its main office in Alloa, Clackmannanshire. We also have offices in Falkirk and ...See More
IDEO BUSINESS SERVICES LTD
This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.
Breco Accounting Services
Client centered accountant concentrating on helping small businesses and individuals. Friendly Service, Competitive rates. Payroll Services, Vat Retur...See More
TaxKings Tax Made Simple
TaxKings work with owner managed businesses all over the UK. With off...
CloudBook Accountants Ltd
Since we were established in 2013, we have done everything online - from getting a quote to signing off your accounts. It's easier and quicker, so it ...See More
Tax Returns - London
At Cheap Tax Returns, we love to give a personalized touch to the service we provide. As an accountancy firm, we understand small business owners and ...See More
LFR Accounting
Accountancy and taxation services
Sabre Accountants
Sabre Accountants have built up a fantastic reputation as a trustworthy, affordable & reliable accountancy service. We provide accountancy services a...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
Pepperhill Associates
Xero Certified Adviser - Remote service taking care of all your bookkeeping needs. Providing a professional, confidential, flexible and reliable bookk...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
Holdsworth Accountancy
We are a team of experienced, qualified accountants and bookkeepers providing professional services to individuals and businesses within Bradford and ...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
GE ACCOUNTANCY LTD
Specialist Motor Trade Accountant with over 20 years. Accountancy & Book Keeping Services offered including VAT Preparation & Submission, Self Assessm...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
C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
Frequently asked questions
What is the difference between a Creditors' Voluntary Liquidation (CVL) and a Compulsory Liquidation?
A Creditors' Voluntary Liquidation (CVL) is initiated by the directors when the company is insolvent, and they choose to wind up the business voluntarily. The directors pass a resolution, and a meeting of creditors is held to appoint a liquidator. In contrast, a Compulsory Liquidation is a court-ordered process, usually initiated by a creditor who files a winding-up petition because the company cannot pay its debts. In a compulsory liquidation, the court appoints the liquidator, and the process is often more formal and adversarial.
Can I liquidate a solvent company in Westfield?
Yes, if your company is solvent and you wish to close it down, you can use a Members' Voluntary Liquidation (MVL). This process is designed for companies that can pay all debts in full within 12 months. It allows for tax-efficient distribution of retained profits to shareholders and is often used for capital extraction. Our liquidators can help you determine if an MVL is suitable and guide you through the entire process.
What are the legal duties of a liquidator in Westfield?
A liquidator's primary legal duties include taking control of the company's assets, investigating its financial affairs, realizing assets for the benefit of creditors, and distributing proceeds according to the statutory priority order. They must also ensure compliance with the Corporations Act 2001, report any potential insolvent trading or director misconduct to ASIC, and maintain transparent records. The liquidator acts as a fiduciary and must act impartially in the interests of all creditors.
How long does the liquidation process take?
The duration of a liquidation varies depending on the complexity of the company's affairs. A simple Members' Voluntary Liquidation may be completed in a few months, while a Creditors' Voluntary Liquidation or Compulsory Liquidation can take longer, often 6 to 12 months or more, especially if there are complex asset realizations, legal disputes, or investigations. Our team will provide a realistic timeline based on your specific circumstances during the initial consultation.
What happens to employees during a company liquidation?
Employees are considered priority creditors in a liquidation. They are entitled to claim unpaid wages, annual leave, long service leave, and redundancy entitlements. The liquidator will notify employees of the liquidation and provide them with forms to lodge claims with the Fair Entitlements Guarantee (FEG) scheme, which can cover certain unpaid entitlements if the company cannot pay. We assist employees in understanding their rights and the claims process.
Can a director be held personally liable for company debts during liquidation?
Directors can be held personally liable in certain circumstances, such as if they engaged insolvent trading, breached their director duties, or provided personal guarantees for company debts. The liquidator has a duty to investigate and may pursue recovery actions against directors if there is evidence of misconduct. However, if the directors have acted responsibly and complied with their obligations, they typically are not personally liable for unsecured company debts. We offer advice on how to minimize personal risk.
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.