You have worked hard as a director all your life. Now it is time to take your money out of your company. What’s the ideal way to get your hands on the fruits of your lifetime’s labour? A solvent liquidation, otherwise known as a member’s voluntary liquidation could be the best option.
A members' voluntary liquidation is appropriate when a company has assets in excess of £25,000 and no outstanding liabilities that cannot be met. Often a business may still be fully solvent and happily trading when it is closed in this manner.
However a members' voluntary liquidation is not always a simple procedure. In order for the process to run smoothly and hassle free a considerable degree of insolvency and accounting experience is required. This is where McTear Williams & Wood can work with you to achieve the optimal outcome.
Want to know how a members' voluntary liquidation could work for you? If you are considering ending your career as a company director then why not have meeting to discuss your solvent liquidation at our Peterborough offices where we can go through all the options available to you.
If you wish to close your company then quick action will secure the most preferential options available to you. Whether you simply want to exit the company or sell the assets to another organisation McTear Williams & Wood can give you all the information you need for a successful members' voluntary liquidation in Peterborough.