A Members Voluntary Liquidation or MVL is a process for closing down a Company that either has no debts, or can repay all of its debts in full (i.e. a Solvent Company). It is a tax-efficient way of extracting the shareholders’ funds as a capital receipt and the procedure has been approved by H M Revenue & Customs. You will always remain in control of the process, and we will prepare all the statutory-compliant documentation when you are ready to proceed.
We will ensure everything is in line with current insolvency legislation so you can be confident that the MVL has been carried out correctly.
While there are various stages that need to be carried out when placing your company into an MVL, it will not be a long process. Parker Walsh will agree a convenient time to meet with you and finalise each stage of the procedure in an orderly manner. This can be tailored to suit your timescales and to help distribute the Company’s assets.
Unlike other Insolvency Practitioners, we include the cost of expenses in the price we quote you, giving you peace of mind there will be no additional unforeseen costs.
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