Solvent liquidation

Useful opportunity

At CG&Co, we recognise that a solvent liquidation – also known as a Members Voluntary Liquidation (MVL) – can be immensely useful when entrepreneurs want to retire or move onto other ventures.

Solvent companies

As its name suggests, this is a liquidation procedure for solvent companies

When handled correctly, there may be significant tax advantages for directors and shareholders in winding a company up through an MVL, but this needs to be fully assessed on an individual basis.

If a business owner liquidates a profitable business using an MVL, shareholders may be entitled to entrepreneur’s relief meaning they will pay lower rates of tax.

Expert insolvency guidance

“An MVL is often used as part of the restructuring process. It’s imperative that anyone considering this option engages the services of highly experienced and knowledgeable advisers who fully understand the intricacies of closing down a profitable business to ensure the best possible financial outcome.”

Edward Gee, Partner – CG&CO

For independent and expert guidance on solvent liquidation, call CG&Co today on
0161 358 0210. Alternatively, click here.