A Members Voluntary Liquidation (MVL) could be the answer.

 

  • An MVl will unlock the cash in your business in a fast, tax efficient manner.
  • You may qualify for Entrepreneurs Relief, reducing your tax bill to just 10% of funds withdrawn
  • You can withdraw your cash faster through an MVL with our bespoke mechanisms
  • An MVL will provide a greater degree of finality against potential or contingent liabilities than a striking off gives
  • We work as MVL specialists alongside your existing accountants and tax advisors
  • Company has achieved its purpose, e.g. a property development
  • MVLs provide a much more tax efficient way to withdraw cash from a company than salary or dividends

If you are looking for an effective, low cost and tax efficient way to close your business, a Members Voluntary Liquidation (MVL) could be the answer. An MVL is a legal process that allows shareholders to liquidate their company providing it is solvent. This means that the business must have enough funds to pay all of its liabilities.

There are many reasons why you might consider an MVL, such as:

  • Retirement
  • Company has achieved its purpose, e.g. a property development
  • Extracting surplus cash
  • New contract for IT specialists, offshore workers and other contract workers
  • Following a business and asset sale where you retained the company’s shares
  • Potential to claim Entrepreneurs Relief

At Leading Corporate Recovery we understand that business owners want a fast, reliable service giving them the advice that they need, when they need it, at the best price possible. That’s why we offer free initial consultations and should you decide to go ahead with an MVL, we will give you a fixed fee quote and be on hand every step of the way to guide you through the process.

Why use Leading Corporate Recovery?

Our team are always on hand to guide you every step of the way

We understand that you may need advice quickly. That’s why our team of experts are available by email or telephone outside of standard office hours in order to provide an efficient service without compromising quality. Additionally, we know that keeping your business running is always a priority which is why we are happy to meet with you out of hours in the evening or at weekends.

Our team are empathetic and non-judgemental

We know that it can be difficult to discuss the challenges your business has faced and that coming to terms with your current financial position can be daunting. That is why our team of experts will take the time to listen without judgement in order to help you find the best way forward for your business. Our team are empathetic, discrete and will always ensure you are fully aware of all of the options available to you.

We offer flexible payment plans

We appreciate that many of our corporate clients are already strapped for cash. That’s why we always provide a free, no obligation consultation to discuss your options and if you would like us to act for you, we are always prepared to agree a flexible payment plan.