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


Veteran Member

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Posts: 70
Date:
Small business liquidation
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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


Expert

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Posts: 1501
Date:
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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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Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.
Kingslandbr


Newbie

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Posts: 3
Date:
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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

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Posts: 11981
Date:
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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.

__________________

Shaun

Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
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