Solvent liquidation in Cambridge

If you need to remove your money from a company in a tax efficient
manner then a members' voluntary liquidation could be your best choice

Contact McTear Williams & Wood for more information - call
us now on 0800 331 7417

Do you want to extract your money from a company? Whether you’re a director or a shareholder the ideal method of getting your capital is probably with a members' voluntary liquidation (MVL), which is also known a solvent liquidation. An MVL allows you to take your money out of a solvent company, where there are still enough assets within the business to continue trading and meeting its financial obligations.

McTear Williams & Wood can provide you with the professional assistance necessary to fulfil all the legal and accounting requirements of enacting an MVL. With years of experience helping a wide range of clients perform this process, we are in the best place to help you achieve your desired outcome. However if you are only interested in extracting less that £25k from your business it may be more economical to strike off your company. Find out all the facts with a solvent liquidation meeting at our Cambridge office.

Why use us?

  • Experienced business consultation - are you aware of all the options for your business? If you are thinking of taking an MVL and closing down your company there could be other ways forward.
  • Professional accounting services - an MVL works best when all your books are in appropriate order - we can make sure that the planning covers all this pre-appointment.
  • Legal obligations - one of the key elements necessary to implement an MVL is a Sworn Declaration of Solvency. There are criminal sanctions if you get this wrong and McTear Williams & Wood can guide you accordingly.

Your next step

What are the options available to you and what is the best way to proceed? Without expert advice it can be tough to understand your choices and select the best course of action. At McTear Williams & Wood we cover this in a short 1 to 2 hour free initial consultation at our Cambridge offices, helping you understand all the responsibilities and implications.  Call us now on 0800 331 7417

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