Members Voluntary Liquidation (MVL)
This procedure is also known as a Solvent Liquidation where the Shareholders appoint the Liquidator to realise and settle all the Company’s debts, plus interest, in full in 12 months.
The process provides a cost effective and tax efficient manner in which to distribute its assets to its shareholders as a capital distribution. Therefore, an MVL can also be used as part of a restructuring arrangement such as a S.110 scheme arrangement.
Here at Kingsland Business Recovery we are insolvency specialists and therefore work closely with the Company’s accountants and tax specialists in order to ensure each client receives all the necessary advice and information upfront. We also focus on ensuring our costs remain competitive and therefore a typical MVL process will start from £2,500.
Should you have any queries or would like a quote please do not hesitate to contact us on 0800 955 3595.