Solvent liquidation in Colchester

If your business is still solvent then one of the most tax efficient methods of
realising your capital is with a members' voluntary liquidation (MVL)

Let McTear Williams & Wood help you with this process - call
us now on 0800 331 7417

Sometimes a director or shareholder wishes to end their relationship with a solvent business. In such circumstances a members' voluntary liquidation is the ideal measure to extract their assets from the business. This process, which is also sometimes called a solvent liquidation allows you to distribute funds from your business both in cash or specie. In order to successfully issue an MVL you’ll need to complete a number of important legal and accounting requirements. And this is where McTear Williams & Wood can help you out.

Please note that if you have less than £25,000 worth of assets in your business that a company strike off may be more appropriate than an MVL. To discuss the best option for you please arrange a solvent liquidation meeting at our Colchester office, where we can give you the advice you need.

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 offices near Colchester, helping you understand all the responsibilities and implications.  Call us now on 0800 331 7417