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Winding up a company

Putting together a budget for managed winding up of a comapny

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Hi All

What should I include in a forecast for costs of closure of a company. I'm thinking in terms of redundancy costs, paying of lease committments, terminating contracts etc - is there anything obvious I'm missing?

MJ

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By Accountant A
10th Dec 2019 11:49

Accountant's fees?

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By Kevin Kavanagh
10th Dec 2019 13:05

Liquidator's costs?

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By bernard michael
10th Dec 2019 13:44

Corporation tax. PAYE, VAT. Closing Bank A/c, Creditors, Disposal of assets,Directors Loan A/cs

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Lisa Thomas
By Insolvency Practitioner
10th Dec 2019 14:00

Is this for a solvent Liquidation (Members Voluntary Liquidation AKA an "MVL") or an insolvent Liquidation (Creditors Voluntary Liquidation aka "CVL") or are you anticipating paying all creditors off and dissolving the Company ordinarily?

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Replying to Insolvency Practitioner:
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By Mickey Jupp
10th Dec 2019 15:26

No so it would be in anticipation of a managed closure so no liquidator. Just an anticipated budget for closing the company. Creditors are to be paid in full.

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Replying to Insolvency Practitioner:
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By Mickey Jupp
10th Dec 2019 15:26

No so it would be in anticipation of a managed closure so no liquidator. Just an anticipated budget for closing the company. Creditors are to be paid in full.

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