Solvent company liquidations service

Do you have a large quantity of your money tied up in your company? We can assist you in getting your hands on this amount, tax efficiently using a solvent liquidation process (or MVL). Getting money from your company at 10% tax is easier than you expect.

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Business services

Do you need a solvent liquidation?

Perhaps you are retiring and have no one to run the business effectively or you may be a shareholder looking to realise your assets. Regardless of the reason, if you need to withdraw your cash tax efficiently and distribute less than £25,000 an application to strike off might be the answer. If you are distributing more, a solvent liquidation might meet your needs.

This process known as a members’ voluntary liquidation (or MVL) allows you to distribute assets from your company either in cash or in specie. However, there are a number of legal and accounting requirements that you need to meet before you receive your money. 

We help you understand these requirements. Thanks to our years of experience and knowledge working on hundreds of MVLs we not only assess your suitability for an MVL but help you at every stage of the process of liquidating your company.  

How can we help you?

  • Free impartial business advice – let us take you through all the options available to get the best outcome. Get in contact with our expert team.
  • Producing accurate accounts – our expert accountants help check and verify the financial records Meeting legal requirements – ranging from collecting the book debts to selling the business and assets through to de-registering with HMRC.
  • Sworn Declaration of Solvency – to implement an MVL your company must be solvent and must produce this declaration as proof of this.
  • Helping you understand the law – in April 2016 the rules concerning the tax breaks offered by MVLs were revised. We can help you understand how the tax rules work. of your company to ensure that it is ready for the MVL to proceed.

Gary Rupping

Director

Colchester office contact details:

Ipswich office contact details:

Gary has over 15 years of experience having qualified as a Chartered Accountant in 2005, a Licensed Insolvency Practitioner in 2013 and appointed as a Director in March 2024.

Gary advises stakeholders on all aspects of business rescue and insolvency focussing on providing the most appropriate bespoke strategy for each situation and acts as an insolvency practitioner in all forms of corporate insolvency including administrations, creditors’ voluntary liquidations, compulsory liquidations and leads the offering for solvent liquidations (members’ voluntary liquidations).

Your next step

If you are thinking of going through a solvent liquidation contact our expert advisors to find out exactly what is required. With a proven record of helping hundreds of directors and operating to the highest professional standards, we are the sensible and safe choice.

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