liquidation | AccountingWEB


Our client company has ceased trading with a positive balance sheet and is looking to liquidate. It will be appointing an Insolvency Practitioner.


Company with a 30 November year-end. Accounts & CT returns submitted for 30/11/2014.
The company has net assets of £10k and this is the first liquidation of a company for my clients.


I have a couple with large personal capital losses.

They also own a company which has a large capital gain in current tax. 


A property Company 'went under' a while back.  It could not pay its bills.  It became insolvent because the Bank withdrew funding.


New national statistics showing a continued decline in corporate and personal insolvencies across the country for the last quarter of 2014 have been welcomed showing a positive improvement for indu

A High Court ruling has found that Companies House was to blame after Cardiff-based engineering firm Taylor & Sons collapsed into administration.


In August 2014, my company won a county court small claim judgement plus costs against a company for approx £2600. The company has subsequently sent me the following letter:



Good Day


Accounts Assist Franchise Limited, trading as Brilliant Bookkeeping, has gone into voluntary liquidation.


This case highlights HMRC's increasingly aggressive approach to the collection of tax, but also shows the satisfactory outcome that HMRC are being treated in the same way as other creditors and can