Members Voluntary Liquidation (MVL)
Members Voluntary Liquidation (MVL)
Call Now: 08000 842 844
Members Voluntary Liquidation (MVL)
A Members Voluntary Liquidation is a a solution to close a solvent company down wit the intention of dividing out the assets and cash between the shareholders and directors.
If your company has realisable assets such as property or vehicles that can be turned into cash and or the company has cash in the bank then a Members Voluntary Liquidation may well be the ideal solution for you.
It is important to emphasise that a Members Voluntary Liquidation can only be processed if the company in question is solvent. This means that company cannot owe any money to creditors and its assets should outweigh its liabilities.
The following are types of scenarios where a Members Voluntary Liquidation would be appropriate:
- The company has plenty of assets such as property and vehicles with cash in the bank, yet there is no future use for the company.
- The shareholders and directors of the company would like to retire and transfer the company's assets and cash over to their personal side and close the company down.
- The current directors and shareholders may not wish to have anything to do with the company going forward and may want to realise the assets along with the cash that are within the company.
- The current directors and shareholders may wish to start a new venture with a new company and would like to get what they can out of the existing company beforehand.
So if any of the scenarios above sound similar to your situation then you may wish to process a Members Voluntary Liquidation.
Call us today & find out how to proceed further: 08000 842 844
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