Are you thinking of closing down your company? If so, a Members' Voluntary Liquidation (MVL) may be the best route for you to take.
An MVL is a formal process for closing down a solvent company in a cost-effective way, where a company with net assets over £25,000 is put into liquidation.
Alternatively, do you need to liquidate your company? If your business can no longer meet its financial obligations and you’d like to wind up the company in an orderly and controlled manner a Creditors’ Voluntary Liquidation (CVL) may be the best route to take.
A CVL is a formal process for closing down an insolvent company. A licensed insolvency practitioner will be appointed to distribute all assets fairly among your creditors and dissolve the company.
If you need more information on MVL or CVL, need some advice about where to turn, or want to start the process today, get in touch with the experts below for a free, no-obligation consultation to assess your options.