Do I Need a New Accountant If I Close My Company via Liquidation?
Closing your company through liquidation doesn’t automatically mean you need a new accountant. You can continue working with your current accountant if they’re willing to assist with final accounts and tax returns. However, if your company owes your accountant money, they may be reluctant to help unless you settle the debt or arrange a payment plan, if this is allowed.
Sometimes, directors choose to work with a new accountant who specialises in insolvency and company closures. Such specialists can help ensure all your filings are completed accurately and on time, reducing the risk of penalties and complications.
What If I Owe My Accountant Money?
If you owe your accountant fees, they might:
- Refuse to prepare or file your final company accounts and tax returns until payment is made.
- Agree to a payment plan, if allowed and mutually agreed upon.
- Require full payment before continuing work.
Early communication with your accountant about outstanding fees is crucial to avoid delays. If your current accountant is unwilling or unable to continue, you can seek help from insolvency-focused accountants.
Where Can We Refer You for Accountant Help?
At The Insolvency People, we have trusted partnerships with accountants experienced in insolvency and company closures across the UK. We can refer you to reliable accountants in major cities including:
Glasgow, Edinburgh, Manchester, Leeds, London, Oxford, Birmingham, Liverpool, Sheffield, Bristol, Newcastle, Nottingham, Derby, Southampton, Coventry, Leicester, Cambridge, Brighton, York, Reading, Portsmouth, Milton Keynes, Stoke-on-Trent, Swansea, Cardiff, Plymouth, Bath, Cheltenham, Exeter, Gloucester, Hereford, Luton, Northampton, Peterborough, Preston, Salford, Sunderland, Warrington, Walsall, Wolverhampton, Worcester, Blackpool, Bournemouth
We also support clients in smaller towns such as:
Rochdale, Aylesbury, Stoke Mandeville, Bury, Wigan, Altrincham, Macclesfield, Telford, Halifax, Dewsbury, Barnsley, Hinckley, Cannock, Maldon, Saffron Walden, Abingdon, Cirencester, Faversham, Lichfield, Bicester, Witney, Didcot, Great Yarmouth, Haverhill, Kettering, Kidderminster, Leighton Buzzard, Liskeard, Louth, Mildenhall, Newbury, Oswestry, Redditch, Rugby, Shrewsbury, Stafford, Taunton, Thame, Truro, Uckfield, Uttoxeter, Wantage, Wareham, West Bromwich, Buxton, Matlock
And in villages including:
Prestbury, Alderley Edge, Clifton, Middleton Tyas, Eccleston, Culcheth, Hartfield, Haxby, Tibshelf, Wellow, Burford, Longhope, Eynsham, Great Tew, East Ilsley, Duntisbourne Rouse, Cold Aston, Shilton, Bibury, Southrop, Alfriston, Beaulieu, Castle Combe, Datchworth, Eastington, Fittleworth, Goring-on-Thames, Hambledon, Inkpen, Kelmscott, Lavenham, Minster Lovell, Nunney, Orford, Pentewan, Quenington, Rodmarton, Seend, Teffont, Uffington, Villiers, West Chiltington, Yarcombe
This wide network means you can access expert, localised accounting and insolvency support whether you’re in a major city, a smaller town, or a rural village.
Why Using a Smaller Accounting Firm Can Be Better
While large accounting firms have extensive resources, smaller accounting practices often provide more personalised, hands-on service. They tend to be more flexible, quicker to respond, and can offer tailored advice specific to your company’s unique situation. Smaller firms usually build closer relationships with clients, meaning they fully understand your business needs and can guide you through the liquidation process with greater care and attention. Additionally, smaller firms may offer more competitive pricing, which can be beneficial if you’re managing costs during insolvency.