What is a Members Voluntary Liquidation?

In summary, it is a solvent liquidation. Ironically, you need an insolvency practitioner to assist you with this assignment.  This process is ideal when your Company has completed what it set out to achieve and can pay all creditors, as well as provide a return of capital to its members.

An MVL is a really efficient way to close your Company down once it has served its purpose, whilst also taking advantage of numerous tax reliefs coupled with the efficiency of receiving your Company’s capital in a short space of time.

Our dedicated MVL team has worked extremely hard with UK banks, accountants, and tax advisors over the last 10 years to refine this process and ensure that this option works perfectly for your Company.  We provide a fixed fee to offer you certainty and deal with the complete closure of your Company.

This formal process can be broken down into five simple steps:

1 – The Company’s directors confirm the solvency of the Company – this is done by a Declaration of Solvency

2- The Company appoints an Insolvency Practitioner

3 – A special resolution is passed ( 75%  of eligible votes ) and the Company is placed into Liquidation

4 – The Company’s liquidator realises the Company's assets and distributes them

5 – Once all assets are distributed and legal obligations are met, the Company is dissolved

The key benefits of an MVL

• Tax efficiency
• Orderly closing-down process
• Certainty
• Professional oversight