Specialist advice on solvent liquidation

With a Members’ Voluntary Liquidation (‘MVL’ or ‘Solvent Liquidation’), the company’s shareholders put the solvent company into liquidation to unlock the company’s capital. This option can secure an orderly winding-up of a company, or close down of a subsidiary, for which the shareholders no longer have any use. The shareholders appoint a Liquidator when a Statutory Declaration of Solvency is prepared by the directors of the Company. This states that the directors have conducted a full enquiry into the company’s affairs and believe that it can repay its debts, with interest, within 12 months. The Liquidator realises the company assets, settles any creditor claims and distributes the remaining assets to shareholders. In most cases, we can offer a fixed cost for this type of instruction.