Are you thinking of closing your business down?
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Is your business cash rich?
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Do you know your options?
If your cash-rich company is no longer needed and as a shareholder you want to extract your cash in a tax effective method, The MVL Company has the answer.
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A Solvent Liquidation of a company or more commonly known as a Members’ Voluntary Liquidation (often abbreviated as “MVL”), is a recognised procedure commenced by resolution of its shareholders and is a popular and widely practiced procedure enabling the final closing down of a company’s affairs.
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At The MVL Company, our extensive experience in Accounting, Finance and company restructuring has helped hundreds of businesses and owners manage the winding down of their company. We are driven by a desire and commitment to help directors and shareholders achieve success through our team of bankers, corporate lawyers, tax advisors and Insolvency Practitioners.
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Our combined mission is to bring ease and speed in the process of dealing with your valuable, yet unwanted businesses.
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You might wonder who doesn’t need a flourishing business, but if your journey in business has come to an end, it should be in the most tax efficient manner possible and we exist to make this a reality.
What's involved?
We have helped hundreds of clients have quick access to distributions through the liquidation process
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The MVL Company - Members Voluntary Liquidation
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Face to Face Consultations - £1995.00
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Full insolvency services - from £3995.00
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More details on what's included in each plan can be found at the link below
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We have listened to our clients and introduced four plans depending on your company circumstances and what you want from us.
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Remember, we pay up to 95% of gross surplus to shareholders in the initial distribution.
Frequently asked questions
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What is insolvency, and how is it different from bankruptcy or liquidation?Insolvency refers to a situation where a company is unable to pay its debts as they fall due, while bankruptcy and liquidation are legal processes that may be initiated as a result of insolvency. Bankruptcy typically refers to the process for individuals, while liquidation is the process for companies.
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What are the warning signs of insolvency, and how can I tell if my company is at risk?Warning signs of insolvency may include cash flow problems, increasing debt levels, declining sales or profits, creditor pressure or legal action, and difficulty obtaining credit or funding.
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What are my options if my company is facing insolvency or liquidation?Options for companies facing insolvency or liquidation may include seeking professional advice, exploring restructuring or refinancing options, entering into a formal insolvency process such as voluntary administration or liquidation, or pursuing informal arrangements with creditors.
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How can I find a qualified insolvency practitioner or other professional adviser to assist me?Professional advisers such as insolvency practitioners, lawyers, accountants, and financial advisers can provide guidance and support to companies facing insolvency or liquidation. Industry associations and government agencies may also provide resources and support.
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What are my legal obligations and responsibilities as a director during the liquidation process?Directors have a range of legal obligations and responsibilities during the liquidation process, including cooperating with the liquidator, providing information about the company's affairs, and avoiding wrongful trading or other breaches of their duties.
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How will the liquidation process affect my employees, customers, and other stakeholders?The liquidation process may have significant implications for employees, customers, and other stakeholders, depending on the nature of the company's business and assets.
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What happens to my company's assets during the liquidation process, and how will the proceeds be distributed?During the liquidation process, the company's assets are sold to repay creditors in order of priority. Any remaining funds may be distributed to shareholders or other stakeholders.
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What are the implications for my personal finances and assets if my company goes into liquidation?Directors may be personally liable for certain debts or obligations of the company in certain circumstances, such as if they engage in wrongful trading or breach their fiduciary duties.
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Can I avoid liquidation by restructuring my business or seeking refinancing options?It may be possible to avoid liquidation by exploring restructuring or refinancing options, or by negotiating informal arrangements with creditors
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What support and resources are available to me during the insolvency or liquidation process, and where can I find them?Resources and support for companies facing insolvency or liquidation may include professional advisers, industry associations, government agencies, and other support services such as counselling or financial assistance.
Insolvency and Liquidation Toolkit
Download our Insolvency and Liquidation Toolkit
completely free by filling in your email!
Need more details? Contact us
We are here to assist. Contact us by phone, email or via our social media channels.
© 2023 by TheMVLcompany part of the Quantuma Group
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