Skip to main content

Member’s Voluntary Liquidation

A Members Voluntary Liquidation (or MVL) is relevant if you have a solvent company that needs to be closed down by Shareholders. This may be to do with the retirement of the Director or the company not trading anymore in a certain industry.

Pay Lower TAX on shareholder distributions

By using the MVL process, any shareholder distributions will be classed as capital receipts and therefore attract a lower rate of tax versus any normal distribution to shareholders… so it makes sense to use an MVL and be tax effective.

The process can also allow for the Entrepreneur’s Relief, which is a personal tax relief and can bring the tax rate down for shareholder distributions to as low as 10%!

Please do get independent tax advice before you confirm taking this route.

Contact Us

Our Services

No Asset Liquidation

If your company has no assets and unmanageable debt, a No Asset Liquidation is the safest way to close it. It protects you from future legal action that can follow if you simply walk away.

Creditor’s Voluntary Liquidation

A CVL lets you close a company that can’t pay its debts. It’s a formal process that gives you control while dealing with creditors the right way.

Member’s Voluntary Liquidation

An MVL is the most efficient way to close a solvent company. It’s started by shareholders and allows for a clean, tax-effective exit.

Company Dissolution

Dissolution is a low-cost way to close a dormant company with no debts. If eligible, it removes your company from the register without liquidation.

Voluntary Administration

Voluntary Administration gives you time to explore a restructure or turnaround strategy. It halts creditor action and may help you reduce debt or restart the business.

Restructure & Turnaround

We help viable businesses recover through fast, tailored plans. If needed, an Administrator can be appointed to pause legal action.

Company Voluntary Arrangements

A CVA is a formal deal with creditors to repay some or all debt over time. It’s especially useful when pressure is coming from unsecured creditors and can keep your business trading.

Time To Pay Arrangement

A TTP spreads your tax payments and eases cash flow pressure. We help negotiate directly with HMRC.

Bankruptcy

Bankruptcy is a legal way to clear unsecured personal debt you can’t repay. Ask us about our tailored service for those with over £100,000 in debt and equity in their home.