Solvent liquidations also known as Members Voluntary Liquidation (MVL) can be used for a variety of purposes such as:

• Corporation taxation benefits;
• Company or divisional restructuring;
• Striking off dormant companies;
• Tidying the corporate structure;
• Remitting profits to Shareholder in a tax efficient manner (capital v income); and
• Ending the life of a trading business for example at the end of a project.

Advantages

In addition to the tax benefits, MVLs provide a number of advantages over the striking off process such as:

• Protection to shareholders if a creditor claim arises at a later date;
• Avoids potentially being pursued by the treasury for any distribution of share capital; and
• No dormancy requirements.

Our service

Our MVL service can be structured to the needs of our client - some require a full MVL service whilst others may just require us to undertake the formal statutory work, leaving management to finalise the more commercial aspects.

Fees

We do not charge for an initial consultation to discuss your requirements and will provide a free quote for the work required.

Our fees for assisting in the process and conducting the MVL are agreed up front and are based upon the level of work required.

Where additional advisors are required such as lawyers (for reorganisations), agents (for selling assets) or tax advisors we will assist in obtaining quotations for the work required.

More information

If you require further information regarding MVLs please contact us via our webform or call us on 0870 495 7854.