Need to contract services for winding up my LTD

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craigy1874 replied

3 March 2020, 09:18
Originally posted by bul View Post

Hi guys,

Last year I created an UK LTD, for a promising/long term contract, well giving the contract finally was not that long term, and the involved hassel in managing the LTD I decide to Wind up it.

On my LTD account book There is only 4 invoices and some VAT return...

1. Do you know any CHEAP services/agency that could wind up my company?
2. What is the usual amount for winding up a company? I guess that depends on how big account book you have.
3. How long can I take?

To be perfectly honest you won't find someone who will deal with this CHEAPLY. As an accountant, the hassle involved in taking you on, completing anti-money laundering checks, having HMRC 64-8's completed, getting engagement letters signed to then carry out one piece of work for you is not really that appealing.

Therefore I would actually charge a PREMIUM for this work, rather than doing it CHEAPLY.
Leave a comment:
eek replied

3 March 2020, 08:15
Originally posted by cojak View Post

Do you mean MVL?

1. Around £1500 - £1800 depending on your assets (that's cheap - others cost more than twice that).
2. I had a quote for £3500
3. As long as you want - longer means cheaper. The £3500 would have turned it around more quickly but I valued the money over the speed.

As I keep saying - quick/complicated and cheap MVL services don't exist. Pick either/or.

I don't think MVLK is relevant if you haven't got significant funds in the company (and 4 invoices probably isn't sufficient funds)

The Differences Between Striking Off And Members Voluntary Liquidations | DCA Business Recovery LLP covers the options - I suspect you want to work on striking off your firm.

Professionals are expensive though so it would be cheaper to work out what bits you can do yourself first.
Leave a comment:
cojak replied

3 March 2020, 08:10
Originally posted by bul View Post

Hi guys,

Last year I created an UK LTD, for a promising/long term contract, well giving the contract finally was not that long term, and the involved hassel in managing the LTD I decide to Wind up it.

On my LTD account book There is only 4 invoices and some VAT return...

1. Do you know any CHEAP services/agency that could wind up my company?
2. What is the usual amount for winding up a company? I guess that depends on how big account book you have.
3. How long can I take?

Do you mean MVL?

1. Around £1500 - £1800 depending on your assets (that's cheap - others cost more than twice that).
2. I had a quote for £3500
3. As long as you want - longer means cheaper. The £3500 would have turned it around more quickly but I valued the money over the speed.

As I keep saying - quick/complicated and cheap MVL services don't exist. Pick either/or.
Leave a comment:
northernladuk replied

2 March 2020, 20:21
1. Nope
2. Why would it? Takes the same amount of time to fill in the same paperwork.
3. As long as you want.
Leave a comment:
bul started a topic Need to contract services for winding up my LTD

2 March 2020, 18:25
Need to contract services for winding up my LTD

Hi guys,

Last year I created an UK LTD, for a promising/long term contract, well giving the contract finally was not that long term, and the involved hassel in managing the LTD I decide to Wind up it.

On my LTD account book There is only 4 invoices and some VAT return...

1. Do you know any CHEAP services/agency that could wind up my company?
2. What is the usual amount for winding up a company? I guess that depends on how big account book you have.
3. How long can I take?
Tags: mvl