Are you looking to make sure your business is closed
correctly before moving onto your next role or project?
Our team can explain the options available to help return your business to profitability. We help business owners, directors and all stakeholders navigate their way through the uncertainty that distress brings.
An MVL is a process used to wind up the affairs of a solvent company, i.e. one that can pay its debts in full.
An MVL is typically used where a company has (or multiple companies have) come to the end of its useful life. For example, the business and/or assets of a company being sold leaving only a ‘shell’; or a cumbersome corporate structure requiring simplification to reduce administrative costs; or there is a desire to move assets or value within a corporate structure.
Our dedicated team is on hand to provide assistance to Directors of companies in financial difficulties. When a company is insolvent, a Director has a duty to minimise losses to stakeholders. Our senior management are available to talk to you about the problems you and your company face with complete confidentiality.
The Members Voluntary Liquidation process facilitates a controlled exit allowing the shareholders or parent to extract the cash or assets in their business in a tax-effective manner. There are often substantial tax advantages in conducting an MVL as the value that will be distributed to shareholders represents a return of capital, rather than dividend income which typically attracts a higher rate.
The process also provides greater protection for directors and shareholders than a dissolution application made without following a liquidation procedure.
We try to keep the process as simple as possible for you. If you are ready to close your business, complete our straightforward questionnaire. This will be sent directly to our Members Voluntary Liquidation team who will contact you to discuss the next steps.
Our latest articles to support decision making for business owners and directors. These provide an overview on what is going on in the market and information about the options available when a company is facing challenges.
For more information on business options, we offer an initial free consultation to review the situation and make recommendations on the best way forward.
For a no obligation chat, complete the form below, include a best time for us to call you and a Partner will be in touch.
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