Contractor MVL Solutions From Liquidation Centre
Close Your Company With an MVL
Fast, tax-efficient liquidation handled by industry experts
- Tax Benefits: Pay just 14% tax on liquidated assets with Business Asset Disposal Relief.
- Quick Access to Funds: Release up to 100% of your money within 7 days of appointment.
- Specialist Support: Trusted MVL experts experienced in helping contractors shut down their businesses.
What is an MVL and Does Your Business Qualify?
If your company is solvent and has net assets over £25,000, a Members Voluntary Liquidation (MVL) is the most tax-efficient way to close it down. Thanks to Business Asset Disposal Relief, you could significantly reduce your tax liability when assets are released from the business.
Speaking to an expert will help you understand the process, ensure it’s the right option, and advise you on optimising tax savings.
How to Liquidate Your Company With an MVL:
- Stop Trading: Your company must have ceased trading before starting the MVL process.
- Appoint an Insolvency Practitioner: You’ll need a licensed insolvency.
- Prepare Final Accounts: Ask your accountant to prepare the final accounts.
- Settle Debts: Pay off all company debts, including taxes, before starting.
- Get Shareholder Approval: 75% of Shareholders must agree to the liquidation and sign the necessary documents.
- Organise Paperwork: Gather ID and proof of solvency.
The Liquidation Centre will work closely with you and your accountant to make sure documents are up-to-date and compliant. Their guidance helps speed up the process and avoid delays in releasing your assets.
How The Liquidation Centre Has Helped Businesses Like Yours With Their MVL:
Trust The Liquidation Centre to Close Your Solvent Company
The Liquidation Centre is one of the UK’s leading MVL providers, trusted by contractors and recommended by top contractor accountants nationwide.
Our award-winning team delivers a fast, efficient, and tax-saving process, giving you peace of mind every step of the way.
Call 0203 800 0582 to speak with an expert today.
Trusted by Contractor Accountants Across The UK
Frequently Asked Questions
An MVL is a liquidation process available to solvent companies where a liquidator is appointed to formally close down the company.
An MVL can be a tax-efficient way to close your company if it has significant assets and you want to reduce your tax liabilities.
If the company has debts, an MVL might not be the best option. Instead, a creditors' voluntary liquidation (CVL) may be used with the aim of paying off creditors.
The Liquidation Centre are regulated insolvency specialists with years of experience in handling procedures for businesses large and small. All funds that pass under our care are handled and distributed with the utmost care and attention. All of our insolvency practitioners are licensed and our liquidation operations are overseen by the Recognised Professional Bodies.
Liquidations start from £1499. There is a fixed fee for the Insolvency Practitioner’s fees as well as various expenses you will have to pay which will be explained in detail to you before the process begins. Almost all these expenses are unavoidable third-party costs incurred by the liquidator during the process of placing the company into an MVL.