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The Book-keepers Forum -> Corporate Law & Companies House -> Small business liquidation
Post Info TOPIC: Small business liquidation
KAZ


Member

Status: Offline
Posts: 18
Date: Mon Nov 14 09:54 2011
Small business liquidation
 

How much would you expect to pay a liquidator for liquidating a small business with 3 creditors - bank, landlord and rates.

Have been quoted £6k for one of my clients but it seems an awful lot.



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MarkS


Senior Member

Status: Offline
Posts: 427
Date: Tue Nov 15 06:44 2011
 

Hi There

Last time i was involved in a liquidation (which was 3 years ago) the cost was £3k each for 2 companies.  Both were small limited companies.

Regards

MarkS



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www.stewartaccountingservices.co.uk

Providing bookkeeping, accounting and taxation services to small and medium sized businesses.

Kingslandbr


Newbie

Status: Offline
Posts: 3
Date: Sun Dec 18 23:03 2011
 

Most insolvency practices (including ourselves) charge around £5,000 (plus vat). However with cases where there is little work involved the fee is likely to be reduced. There aren't many practices out there who will charge £3k from three years ago, but most will be flexible, including ourselves with the fees to make it more viable and appropriate to the company an directors. If anyone wants an explanation of fees please contact me privately. Thanks.

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Rehan ahmed
Shamus


Forum Moderator & Expert

Status: Offline
Posts: 4055
Date: Sun Dec 18 23:34 2011
 

Hi Rehan,

welcome to the forum.

the poster actually posted the same thread under two categories. This one fell by the wayside and people responded to the other so you would probably be better off cutting and pasting your post under this thread :

http://www.book-keepers.org.uk/t46171489/small-business-liquidation/

kindest regards,

Shaun.

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All responses are copyright and may not be repoduced or referenced in whole or part outside the forum. Answers given are for outline only and formal advice should be sought from a suitably qualified Accountant.
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