MVL
Want to close your solvent company in the most cost-effective and tax-efficient way? Then you need an MVL and the Liquidation Centre can help.
- Award-winning MVL team
- Fixed fees (no hidden costs)
- Pay only 10% tax and save £1000’s
- MVL made simple
Why an MVL?
A Members’ Voluntary Liquidation is an option for solvent companies who no longer wish to trade. There are many reasons why you might be in a position to close down your solvent company, some of which we have listed below.
An MVL with the Liquidation Centre is a relatively quick and seamless process usually taking around 3-6 months to complete. During this period we will ensure all outstanding debts and related interest are settled, paying off any creditors in full and settling all disputes and legal matters professionally.
Once all payments have been made we will distribute any outstanding funds between you and any other company members. Once your company is closed down you are free to move forward with your life knowing that everything has been taken care of legally and professionally.
Why an MVL might be right for your company...
You wish to retire
You wish to return to employment
Your company has completed the work it was created for
Your company offers a service which is no longer needed or relevant
You are moving abroad
You have cash tied up in your company that you want to release tax efficiently
Once your company is closed down you are free to move forward with your life knowing that everything has been taken care of legally and professionally.
Am I eligible for an MVL?
Do these describe your company?
✓ Your company is solvent
✓ Your company has net assets of £25,000
✓ Your company has been trading for at least 24 months.
If you meet the above requirements, then an MVL could be an option for closing down your limited company. Remember by liquidating your company through an MVL with the Liquidation Centre you have access to money saving tax benefits and can release funds tied up in your company quickly, alongside receiving professional help and guidance along the way.
Contact our team of experienced MVL experts today. We keep liquidations simple.
Keeping it simple with the Liquidation Centre
In order to proceed with an MVL process, it is a legal requirement to instruct an Insolvency Practitioner (IP) to carry out the process.
The Liquidation Centre is here to provide you with an unrivalled and award winning MVL liquidation service.
By instructing the Liquidation Centre as your dedicated IP you can be assured, that we will be with you every step of the process to guide you through.
The Liquidation Centre will:
Help you to prepare your declaration of solvency
Liquidate your company's assets
Liaise with and pay your company's creditors
Provide regular progress updates
Work to settle any outstanding legal disputes
Distribute remaining funds across all company members
Our MVL service provides you with everything you need to close down your company giving you peace of mind so you can move forward with confidence.
Ready to close down your limited company and receive tax benefits that could save you £1000’s? Get a Quote now from one of our experts.
What are the benefits of an MVL?
There are substantial tax benefits to proceeding with an MVL process. The most significant of these is Business Asset Disposal (formally known as Entrepreneurs Relief). If you qualify for this allowance, you can save £1000’s by only paying tax at a fixed 10% rate on all your company assets. This benefit is not available with any other liquidation process.
An MVL is not the only option for closing down your solvent company. Always ensure you get professional expert advice on all options available to you. This is where The Liquidation Centre can help. Contact us.
By opting for an MVL through the Liquidation Centre to close down your company you can benefit from a fast moving process. In many cases we can release up to 100% of your company’s net asset value in as little as 7 days.
What is a solvent company?
In order to start the Members’ Voluntary Liquidation process your company must be solvent. If you are unsure whether your company is solvent then here are some criteria for solvency.
- Your company is able to pay its bills when due.
- Your company is able to pay all its taxes now and after closure
- Your company can pay all its creditors
- Your company can pay all its liabilities such as mortgages, loans and lease agreements
If your company is able to meet all the above criteria then it is likely you have a solvent company and an MVL would be a cost-effective liquidation option.
What does the Members' Voluntary Liquidation process look like?
If you want to speak to an experienced MVL expert today. Beginning your MVL online is simple contact us using the form below and we will be happy to help. We are here to keep liquidations simple.
STAGE 1
Choice of IP
Your first step will be to decide on your choice of IP to carry out your MVL. We will take care of the process for you from start to finish.
STAGE 2
Declaration of Solvency
The declaration of solvency is a legal document which confirms that your company is solvent and is able to pay all its debts (plus any interest and costs) within a maximum of 12 months from the start of the MVL.
STAGE 3
The liquidation process begins
The shareholders resolve to start the liquidation and appoint the liquidator. At this stage the liquidation process begins. This will include us notifying Companies House and HMRC of the liquidation.
STAGE 4
Liquidation/closure
At the end of the process, the liquidator will issue a final account and usually 3 months later your company will be removed from the register.
If you want to speak to an experienced MVL expert today. Beginning your MVL online is simple contact us using the form below and we will be happy to help. We are here to keep liquidations simple.