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Insolvency Practitioner Business Assistance
Professional advice for directors, shareholders and businesses needing practical insolvency and restructuring solutions.
Whether you need to close an insolvent company, liquidate a solvent business, restructure debts or discuss bankruptcy options, our experienced team can help you understand your choices clearly and confidentially.
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A Members' Voluntary Liquidation (MVL) is a formal process used to close a solvent company in a tax-efficient manner. It is commonly used by directors and shareholders who wish to retire, restructure or bring a company to an orderly close.
Where a company has fulfilled its purpose or is no longer required, an MVL can provide a structured method of distributing assets and retained profits to shareholders.
Seeking advice before starting the process can help ensure the most suitable approach is taken. Contact Us now to discuss your options.
A Members' Voluntary Liquidation is a formal procedure available to solvent limited companies that are able to pay all of their debts in full.
The process involves appointing a licensed insolvency practitioner who will oversee the liquidation, settle any remaining liabilities and distribute company assets to shareholders.
An MVL may be suitable where:
An MVL can offer a structured and potentially tax-efficient route for bringing a company to a close.
Review of the company's financial position and objectives.
Confirmation that the company can settle all liabilities and meets the criteria for an MVL.
Shareholders pass the necessary resolutions and a liquidator is formally appointed.
Company assets are realised where required and funds distributed to shareholders.
Once all matters have been concluded, the company is dissolved and removed from the register.
Yes. The company must be able to pay all of its debts, together with any interest, within the required period.
Depending on individual circumstances, an MVL may provide tax advantages compared with taking funds through other methods. Independent tax advice should always be considered.
Timescales vary depending on company assets and the complexity of the case.
Many companies will have ceased trading before entering the process, although circumstances can vary.
If you are considering closing a solvent company and would like advice on whether an MVL is suitable, Contact Us for a confidential discussion.
