Solvent businesses looking to formally close down can complete this process with a members' voluntary liquidation ("MVL"). Directors and shareholders are free to access the remaining capital in a tax efficient manner once all matters have been formally closed by an insolvency practitioner.
This process which is also known as a solvent liquidation requires various stages to be completed including the production of a formal Declaration of Solvency. Achieve a fast, smooth and practical result with the legal and accounting proficiency of McTear Williams & Wood with years of successfully implementing MVLs.
It is worth noting that if your company has less than £25,000 in its accounts, then it may be more prudent to undergo the process of striking it off at Companies House. Get all your questions about an MVL answer in a meeting with our senior experts.
Make booking an appointment with McTear Williams & Wood your next step. In a simple 1 to 2 hour meeting we’ll talk through all considerations for a member’s voluntary arrangement at our Bedford offices. Furnish yourself with all the information you need for your financial future.
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