Members Voluntary Liquidation(MLV)

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What Is a Members’ Voluntary Liquidation (MVL?)

If your company is Solvent then you may decide to alternatively enter into a Members’ Voluntary Liquidation (MVL). In order to do this you must enlist the assistance of an experienced Insolvency Practitioner to liquidate your company.

Depending on the level of assets and funds remaining in the business, this may be the most tax efficient way of closing your business. Funds distributed to shareholders through an MVL are treated as capital gains and not taxed in the same way an income would be.

Advantages

  • The process does not last longer than one year
  • Lower tax rates applied to shareholder distributions
  • Potential access to entrepreneurs’ relief, reducing the tax rate payable
  • Company is closed with no outstanding issues

Disadvantages

  • There will be an advert requesting creditor’s claims but will state that the company is solvent
  • There are significant consequences if the ‘Declaration of Solvency’ is incorrect
  • The control of the company’s assets is passed to the Insolvency Practitioner

If there is still value in your business and you are thinking of closing it down, do not hesitate in contacting us today for free advice.

How To Proceed With Members Voluntary Liquidation...

If you are considering closing you company via a Members Voluntary Liquidation(MVL) then we would love to talk to you. We are a national firm of Insolvency Practitioners with over 20 years industry experience. Call us in confidence on 0800 090 3041 for more information.

Call today for FREE advice on your business debts 0800 090 3041

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We are licensed and regulated by the Insolvency Practitioners Association.

We Operate Nationwide

We have offices across the United Kingdom, including Northern Ireland.

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Our team of professionals are qualified and experienced in all aspects of insolvency.

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We are on hand 24/7 to provide help and assistance to any queries/worries you have.

ADVICE PROVIDED BY PROFESSIONALS WHO CARE

‘Insolvency can be a daunting prospect for any Director which is why we tailor all of our advice to the individual circumstances of the company. We do not believe in a ‘One size fits all’ approach.

Regulatory Bodies

We are governed and regulated by the Insolvency Practitioners Association (IPA). Ensuring all our professionals provide the right advice.

Our Promice to You

We promise to provide you with the highest standard of advice and guidance to any Director. We will always ensure complete transparancy with all options/services we provide.

OUR SERVICES

We provide a range of insolvency services designed to assist Directors with either rescuing or closing a Limited Company.