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Members Voluntary Liquidation - MVL

At Salient Insolvency, we can offer expert guidance with all matters relating to company liquidations including the process of membership voluntary liquidation (MVL).

An MVL is sometimes a desirable course of action when the owners or directors of a business want to wind it up. As such, MVLs are an appropriate choice for solvent firms. We can advise you of what to do if your business is insolvent, too, of course. That said, an MVL will still require careful management including understanding what a company’s responsibilities are with respect to any outstanding debt it may have.

At Salient Insolvency, we have a wealth of experience with all types of voluntary liquidation processes to share. If you would like to discuss the implications of proceeding with an MVL or would like to know more because another shareholder or director has suggested applying for one, then we are at your disposal.

FINANCIAL ASSISTANCE

Although there are other options available to business owners, MVLs are often considered to be one of the most tax-efficient ways of winding a company up.

This is often true but it will depend on the level of debt the firm has on its books as well as the value of its assets and reserves. Because all companies face unique financial circumstances, turning to experts in insolvency practice, like those at Salient Insolvency, will make a lot of sense. We can advise you on whether it is in your interests to proceed with an MVL as well as when you would be best looking into other options.

Salient Insolvency can help you in all aspects of membership voluntary liquidations.

  • Dividends and income tax
  • HMRC references
  • Identification documents
  • Asset and reserve accounting
  • Assessing liabilities

Winding up a Business

If you are a business owner who would like to wind up a company rather than selling or passing it on, then pursuing an MVL may be the best choice.

Winding up Outstanding Tax

If you need help dealing with the outstanding tax issues of your firm before applying to an MVL, then we are here to offer tailored professional assistance.

ASK SALIENT INSOLVENCY ABOUT…

Membership Voluntary Liquidations

Liquidating a company is a big step and should not be one that is taken without professional advice. At Salient Insolvency, we can help you to go about an MVL in the right way so that your company is fully liquidated in the legal sense of the term. We will also offer you advice so that the liquidation happens in a way that is of the greatest benefit to owners and shareholders from the perspective of taxation.

Online Liquidation Assessment

Take our online assessment to see for yourself whether or not an MVL might be the best route for your company to go down.

Take the assessment
WE PROVIDE TOP-LEVEL GUIDANCE ON MEMBERSHIP VOLUNTARY LIQUIDATIONS IN LOTS OF…

Service Sectors

Tailored MVL advice in the following sectors from Salient Insolvency.

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