For help and advice contact Sheffield 0114 2859500 or Rotherham 01709 331300
Members Voluntary Liquidation
A Members Voluntary Liquidation (MVL) is a formal winding up of a solvent company. With an MVL, the liquidator realises the assets of the company, settles any creditor claims, and distributes remaining monies to shareholders. Right 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 advised.
To find out how we can help you successfully implement an MVL call us today on 0114 285 9500.