The company had accumulated assets as it was a co-operative buying group but had stopped trading in the last three years. The company was based in Evesham.
The directors did not know what to do with the reserves built up and how to get them out so we helped them put the company into Members Voluntary Liquidation. This is a tax efficient way of winding up a limited company that is solvent.
It also has the added benefit of stopping all Companies House notices and penalties. Once a company has gone into Members Voluntary Liquidation there is no need to file further annual accounts or returns.
In this case the company had been in arrears of Companies House returns for some time and it was decided that an MVL would be the best possible option moving forward.
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