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
MJF ACCOUNTANCY LIMITED
Oakes Accounting
Oakes Accounting specializes in providing tailor made accounting services, including bookkeeping, VAT and self assessment to small businesses.
C & B Accounting Solutions Ltd
All aspects of bookkeeping, payroll & accounting undertaken
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
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
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
PAYLESS ACCOUNTING & OUTSOURCING LIMITED
We provide businesses with greater flexi...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
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
Harris Rosenberg Chartered Accountants
We help small-scale and early-stage businesses get to where ...
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Cheaper Accountant
We're the UK's leading low cost accountants. Simple & affordable fees with Company Accounts & Co. Tax Retu...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
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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
J. Jervis Accounting Services LTD
THE FINANCIAL MANAGEMENT CENTRE UK LTD
Online firm
Frequently asked questions
What is the difference between a Creditors Voluntary Liquidation (CVL) and a Members Voluntary Liquidation (MVL)?
A Creditors Voluntary Liquidation (CVL) is used when a company is insolvent and cannot pay its debts. The process is initiated by the directors, and a licensed insolvency practitioner is appointed to wind up the company, sell assets, and distribute funds to creditors. A Members Voluntary Liquidation (MVL) is for solvent companies where the directors can declare solvency. In an MVL, the company's assets are distributed to shareholders after all debts are paid, often used for tax efficiency.
How much does it cost to appoint a company liquidator in Woolton?
The cost of liquidation varies depending on the complexity of your case, the size of the company, and the type of liquidation required. For a Creditors Voluntary Liquidation (CVL), fees are typically based on the realisation of assets and the work involved. We provide a free initial consultation and a clear, fixed-fee quote before you commit. For Members Voluntary Liquidation (MVL), fees are often more predictable and can be agreed upfront.
Can I continue trading after I have started liquidation proceedings?
Once a formal liquidation process begins, the appointed liquidator takes control of the company. Directors cease to have authority to trade or make decisions. However, before liquidation is formally initiated, you may continue trading if it is in the best interest of creditors and does not worsen their position. Our advisors can guide you on the correct steps to avoid wrongful trading.
What are the legal obligations of a director during liquidation?
Directors have a duty to act in the best interests of creditors once insolvency is apparent. They must cooperate fully with the liquidator, provide all company records and financial information, and avoid preferential payments or transactions that disadvantage creditors. Failure to comply can result in personal liability, disqualification, or even criminal prosecution. We help directors understand and fulfil these obligations.
How long does the liquidation process take in Woolton?
The duration of a liquidation process depends on the complexity of the company's affairs. A simple Creditors Voluntary Liquidation (CVL) can be completed in 6 to 12 months, while a Members Voluntary Liquidation (MVL) may take only a few months. Factors such as the sale of assets, disputes with creditors, and legal issues can extend the timeline. Your liquidator will provide a realistic estimate after reviewing your case.
What happens to employees if my company goes into liquidation?
When a company enters liquidation, employees are automatically made redundant from the date the winding-up order is made. The liquidator will handle employee claims, including unpaid wages, holiday pay, and redundancy entitlements. In many cases, employees can claim certain payments from the National Insurance Fund. We ensure that employee rights are protected and all statutory requirements are met.
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