Solvent Liquidations (MVL)
Our skilled team can carry out solvent liquidations anywhere in the UK
We work closely with all parties to ensure an effective 'liquidation' of the company and an efficient return of assets to Shareholders.
What is a Members’ Voluntary Liquidation (MVL)?
A Members’ Voluntary Liquidation is a tax efficient way to place a solvent company into Liquidation with a view to paying all creditors in full and returning excess funds to Shareholders.
Key advantages of an MVL are:
How does a Members’ Voluntary Liquidation work?
A Members’ Voluntary Liquidation is initiated by the Directors of a solvent company. This process is used where creditors will be paid in full. It is a way for Directors to close a company and demonstrate that all loose ends have been tied up.
The Directors of the solvent company approach an Insolvency Practitioner to undertake the work involved in an MVL. Once appointed, the IP will ensure that everything is closed down correctly and all statutory issues are dealt with. They will then pay creditors in full within 12 months of the date of the Liquidation and any excess funds will be returns to the Shareholders.
At the end of an MVL, the company will cease to exist.