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.
How it works
Free assessment - in the first instance we always provide our clients with a clear review of the all the potential options during a 1-2 hour consultation session.
Years of insolvency knowledge - access dedicated experience of the legal and accounting expertise necessary to ensure that your members' voluntary liquidation is a smooth and simple process.
Completely confidential - you can be assured that all your details will be protected by our company policy and by the standards set by our industry. Additionally, we can meet you outside of office hours.
Work with one of our directors - all our professional appointments are handled by our company directors, ensuring that you receive the best level of care and attention possible from McTear Williams & Wood.
Dedicated company - unlike many of our competition we are solely concerned with providing a high standard of insolvency services and do not offer these services as an addition to accounting practices.
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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