Solvent Liquidation Services for Companies
Close your solvent company with an orderly distribution of funds.
Understanding Members' Voluntary Liquidation (MVL)
An MVL is suitable for companies that are solvent, meaning they can pay their debts in full within 12 months. It provides a structured way to wind up a company’s affairs, allowing directors and shareholders to extract the company’s assets in a tax-efficient manner.
We start with a detailed consultation to assess your company’s financial situation and determine if an MVL is the right solution.
Directors must sign a declaration stating that the company can pay its debts in full within 12 months. We assist in preparing this document.
A resolution to wind up the company is passed by the shareholders. We help coordinate this process.
Our team manages the liquidation, including asset valuation and distribution to shareholders, handling creditor claims, and finalising legal requirements.
Once the liquidation is complete, a final meeting with shareholders is held to present the liquidation accounts and formally close the company.
FAQs about Members Voluntary Liquidation (Solvent Liquidation)
Explore frequently asked questions related to this topic.
MVL is a process for closing a solvent company and distributing surplus assets to shareholders.
Directors must sign a declaration of solvency, confirming that the company can pay its debts within 12 months.
An MVL typically takes 6-12 months, depending on the complexity of the company’s affairs.
Yes, MVLs can provide tax-efficient distributions to shareholders under capital gains tax rules.
A licensed insolvency practitioner is appointed to oversee the MVL process.
Meet Our Team
Get to know the dedicated professionals at Kennway Francis.
Melissa Jackson
Licensed Insolvency Practitioner
Over 20 years of experience in insolvency.
View My Profile
Chris Towler
Insolvency Senior Case Manager
Over 15 years of experience in corporate and personal insolvency.
View My Profile
Stella Walker
Office Manager
Experienced in financial management with a CIMA qualification.
View My Profile
Lindsey O'Shea
Financial Assistant and Cashier
Over 14 years of experience in cashiering and financial management.
View My ProfileGet In Touch
Need assistance or have questions? Complete the form below, and our team will respond within 1-2 business days.
By using this contact form you agree to our Terms & Conditions and our Privacy Policy.
Access Creditor Portal
Important Notice: Office Holders who act as Administrators act as agents for the company and contract without personal liability. Where a company is in Administration, the affairs, business, and property of the company are being managed by the Administrator, who acts as agent of the company. Melissa Jackson is licensed as an insolvency practitioner in the UK by the Institute of Chartered Accountants in England and Wales.
Access Creditor Portal