Members Voluntary Liquidation Companies - Recommendations? Members Voluntary Liquidation Companies - Recommendations? - Page 4
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  1. #31

    Contractor Among Contractors


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    Sep 2009
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    Tunbridge Wells
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    Quote Originally Posted by jamesearljones View Post
    Thanks. Is HMRC taking about 6 months at present to finalise closures?
    Sadly, yes, that's what we're typically seeing. Couple of links to demonstrate that we're not the only liquidators having a nightmare with HMRC (used to be ~3 months average) here and here. Both a bit old now, but we're yet to see any improvement unfortunately.

  2. #32

    More time posting than coding

    castoff101's Avatar
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    Jul 2005
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    North Wales
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    Hi Maslins

    Can you provide some details of the bond that is given during the liquidation period?

    If anything did happen, who gives the bond and how secure is this?

    Thank you

  3. #33

    Contractor Among Contractors


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    Tunbridge Wells
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    Quote Originally Posted by castoff101 View Post
    Can you provide some details of the bond that is given during the liquidation period?

    If anything did happen, who gives the bond and how secure is this?
    All licensed insolvency practitioners will have a bond in place (and they can't do a liquidation without it). Not something any client of ours has had to call on. Perhaps someone else can explain the techy side of how it works...but I personally don't know.

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