Closing or Liquidating a personal services company

[skray]

Hi,
I own a personal services company. My accountants have explained to me that there are 2 ways of shutting down a company, namely “closing” it by my accountants, or “liquidating” it by hiring the services of a professional liquidator or firm. The pros and cons are “closing” is more cost effective (accountants’ charges are nominal) as if saves the cost of a liquidator (e,g 4K + VAT), but only the first 25K of the profit qualifies for entrepreneur’s relief – the rest must be drawn as dividends (hence less tax efficient); whereas in case of liquidating the entire balance qualify for entrepreneur’s relief. So in certain cases it is better to opt for liquidating.
I think I was also given to understand that in case of liquidating it is easier to setup a new personal services company, whereas if a new personal services company is setup immediately following closing a company then there is a risk that HMRC might deem it as an attempt to avoid paying tax.
Can anyone comment on the advantages and disadvantages of closing as opposed to liquidating – or is there any literature available on the internet.
Thanks

[skray]

Apparently if the distributable reserves are more than 25K then law dictates that in order for the entire amount to qualify for enterpreneur's relief a liquidator must be appointed.
Thanks