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Business recovery and insolvency

Solvent liquidation (members voluntary)

  • Business recovery and insolvency
  • A solvent entity seeking to conclude tax efficiently
  • Solvent liquidation (members voluntary)

Members voluntary liquidation (MVL) enables a company to be closed down, its assets realised and its creditors paid, with the residual funds being distributed as capital to its shareholders in a tax-efficient manner.

Shareholders appoint a liquidator, requiring 75% approval, and a declaration of solvency is prepared by the directors, which states that the company can pay its liabilities in full, plus statutory interest, within a 12-month period.

The tax implications of an MVL need to be fully understood prior to the solvent liquidation being commenced in order to maximise the shareholders’ return.

Our expert insolvency practitioners are here to assist you with advice surrounding the MVL process at a free, no-obligation meeting.

Dean Nelson, Nicholas Lee, Andrew Stevens and Michael Roome are all licensed in the United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales. They are bound by the insolvency code of ethics, which can be found here.
When acting as receivers, administrative receivers or administrators, they act as agents only, without personal liability, and when acting as administrators, the affairs, business and property of the company are being managed by them.
When taking appointments, they are data controllers of personal data as defined by the Data Protection Act 1998 and the General Data Protection Regulation 2018. Smith Cooper will act as data processor on their instructions. Personal data will be kept secure and processed only for matters relating to the appointments that they take. For further details, see the firm’s privacy policy.

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Speak to an expert for advice on 03333 446306 or get in touch online.

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Related Services

  • Business recovery and insolvency

Related Case Studies

  • Business recovery and insolvency – A solicitors’ practice in distress

Meet the experts

Dean Nelson

Partner

Based in Derby

Michael Roome

Partner

Based in Nottingham

Nick Lee

Partner

Based in Birmingham

Andrew Stevens

Insolvency Director

Based in Derby

Emily Oliver

Insolvency Senior Manager

Based in Derby

Kimberley Wapplington

Insolvency Senior Manager

Based in Nottingham

Marina Bray

Insolvency Manager

Based in Birmingham

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