Regardless of the reasons behind your company’s closure a solvent liquidation or members' voluntary liquidation ("MVL") allows you to access the capital that remains on your books. It’s a simple procedure, implemented by an insolvency practitioner, that dissolves the business.
Once your creditors have all been satisfied any remaining assets of the company are sold and a formal Declaration of Solvency is produced. During the latter part of the process it’s vital to have the support and knowledge of a fully licensed Insolvency Practitioner to confirm all accounting and legal matters.
If your liquidity is less that £25,000 we would recommend that you strike off your business from the register at Companies House. Find out more with an appointment to go through all your questions with our team of senior experts.
During a simple one to two hour meeting we’ll be able to talk you through the full implications of a members' voluntary liquidation at our Kettering offices and guide you to our best options for your future and finances.
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