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This is when your company is solvent, but you and your fellow directors wish to cease trading and wind up the company. It works by realising all the assets, using these funds to pay off the creditors and return the remaining funds as shareholders’ capital. First of all you should know that Insolvency Practitioners will refer to these as Members' Voluntary Liquidations or MVLs.
Whilst a solvent liquidation is a process, we know we can add value to that process. In the weeks and months before putting your business into a solvent liquidation, we’ll work with you to set out a clear process for bringing your business to a close.
Clearly, the cost of the liquidation process is important. We’ll be open and fair about the cost to you, which we’ll often apply on a fixed fee basis.
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Find out more about how we can guide you through a Members Voluntary Liquidation (MVL). We’re here to help with clear, straightforward support.
Call us on 0116 2325117 (Leicester), 01926 671891 (Warwick), 02476 017639 (Coventry), 01604 263179 (Northampton) or email us on email@example.com