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
.jpg)
Additions Accountancy
Welcome to Additions Accountancy Looking for Grantham Accountants? We are a firm of accountants in Grantham with a strong customer service ethos and ...See More
Figures (UK) Accountancy Services
Figures UK takes a different approach to company book keeping and accountancy work – you won’t find us hunched in grey suits between stacks of files. ...See More
J C Accounting Ltd
J C Accounting Ltd offer the type of bespoke service that larger Accountants can’t. We specialise in Sole Traders, Partnerships and Small Limited Com...See More
Virtue Accountants Ltd
LeeP Accountants Registered in England & Wales
Welcome to LeeP Accountants! We are a team of friendly and professional accountants based in Peterborough, Cambridgeshire. We have one key goal ...
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
Bird & Co
Bird & Co was formed by local Yaxley accountant Pete Bird and we now serve not only clients in the Yaxley and Peterborough area, but more widespread a...See More
Msi Accountancy Services
At MSI - Accountants & Bookkeepers - We have a strong network of Accountants, Bookkeepers & Tax Advisors who are very friendly and down to earth and a...See More
Zak Partnership
The Zak Partnership have long recognized the importance of working closely with both our clients and our broader partner supplier community as a whole...See More
.png)
FLEXIE ACCOUNTANTS LTD
Flexie Accountants is a reputable accounting firm, providing accounting, finance and tax services to sole traders, partnership and Limited companies. ...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
HHR ACCOUNTANCY LTD
Accounting & Bookkeeping Solutions
Accounting 4 Ltd
Registered practice offering accountancy services from Bookkeeping, Payroll, Vat, Self Assessment, Small Limited Company accounts etc Qualified to AAT...See More
T.Y.E BOOKKEEPING LTD
For all your bookkeeping needs from self assessments, VAT returns, EC Sales List, general bookkeeping for sole traders or small businesses. I work on ...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
Matrix Accountancy Services
"Offering a friendly and professional service, I provide ongoing advice and support for every stage of your business journey. As an AAT Licensed Acc...See More
Matrix Accountancy Services Limited
Will Farmer FMAAT, AAT Licensed Accountant and Director of Matrix Accountancy Services Limited Hi I'm Will, In 2012 I...
Frequently asked questions
What is the difference between Creditors Voluntary Liquidation (CVL) and Members Voluntary Liquidation (MVL)?
A CVL is used when a company is insolvent, meaning it cannot pay its debts as they fall due. It is initiated by directors but controlled by creditors, and it allows for an orderly winding-up of affairs. An MVL is used for a solvent company, typically when directors wish to retire or close the business. In an MVL, shareholders appoint a liquidator to distribute assets and dissolve the company, often with tax advantages.
How much does company liquidation cost in Woodhall Spa?
The cost of liquidation varies depending on the complexity of the company's affairs, the number of creditors, and the value of assets. For a straightforward CVL, fees typically range from £3,000 to £7,000 plus VAT, but we provide a fixed-fee quote after an initial assessment. MVL costs are often lower for solvent companies. We always provide a transparent, no-hidden-fee quotation before you commit.
Can I continue trading while my company is being liquidated?
No, once a formal liquidation process begins, the liquidator takes control of the company and trading must cease immediately, except for actions that preserve asset value or complete essential contracts. If you continue trading while insolvent, you risk personal liability for wrongful trading. Our advisers can help you decide the right timing to stop trading and start the liquidation process.
What are the legal obligations of a director when a company becomes insolvent?
Directors have a duty to act in the best interests of creditors once insolvency is apparent. This includes avoiding preferential payments, not taking excessive director loans, and not trading while insolvent. You must also convene a board meeting and call a shareholder resolution to approve a CVL. Failure to meet these obligations can lead to director disqualification or personal liability.
Will I be personally liable for company debts after liquidation?
In most cases, no. Limited liability protects directors from personal responsibility for company debts, provided you have not given personal guarantees, acted fraudulently, or traded wrongfully. However, if you have given a personal guarantee for a business loan or lease, the creditor can pursue you personally. We review all such exposures during your consultation.
How long does the liquidation process take in Woodhall Spa?
A typical CVL takes between 6 to 12 months to complete, depending on the complexity of asset realisation and creditor claims. An MVL can be faster, often 3 to 6 months, if the company's affairs are straightforward. The liquidator must file final accounts with Companies House and HMRC, and then the company is formally dissolved, which adds a few months to the timeline.
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.