Members Voluntary Liquidation (MVL)
A Members Voluntary Liquidation (MVL) is a formal winding up of a solvent company and is often used to return funds to shareholders when a company is no longer required. With an MVL, a liquidator realises the assets of the company, settles any creditor claims, and distributes remaining monies to shareholders. Has your accountant suggested an MVL for your business?
An MVL is commonly used following the sale of a business, the closure of a company upon retirement of the directors, or upon it reaching the end of its useful life. If the amount of assets to be distributed exceeds £25,000 an MVL is often advised by tax specialists.
How much will an MVL cost?
We offer expert MVL services with a transparent fixed-fee structure, so you know exactly how much your MVL will cost. Our fixed price quotations are tailored to your specific needs and include all costs including statutory advertising and the required insurance ‘bond’ which some firms may add on later. Our fees are fully explained and itemised so you can see exactly what your MVL will cost before you give us the go ahead.
To find out how we can help you successfully implement an MVL call us today on 0114 285 9500.