MVL: How Opus Business Rescue can help you

We are here to support you with

  • Closing Down a Business

  • Insolvency & Rescue Specialists

  • Independent Advice

Immediate Assistance

Our dedicated team is on hand to provide assistance to Directors of companies that have come to the end of useful life.  Our senior management are available to talk to you about the process you and your company will need to follow with our support and complete confidentiality.

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What is the process

A Guide to Members Voluntary Liquidation

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.

The MVL 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.

  • It can only be conducted by a Licensed Insolvency Practitioner
  • It enables an orderly wind-down of assets and affairs of a solvent company
  • It is not appropriate where the company will be unable to pay its debts in full; this would require a CVL
  • It can give rise to significant tax advantages
  • If appropriate, assets can be distributed in their existing form
  • It provides greater protection for directors and shareholders

Are you looking to close your Business now?

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 MVL team who will contact you to discuss the next steps.

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Let’s Talk

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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