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Members Voluntary Liquidation

Members’ Voluntary Liquidation (or called “MVL”) is a procedure where a company with net assets over £25,000 is put into liquidation.

A Members’ Voluntary Liquidation is a very tax efficient way of getting money out of a company and is usually done for tax purposes to take advantage of Entrepreneur’s Relief.

The decision to liquidate using an MVL is taken by the directors and then shareholders at a meeting. The creditors are not involved.

Click on the following articles to find out more about the different members voluntary liquidation (MVL) options available to businesses.

We have just worked with Kirks to complete the closure of our company. Everything went smoothly and professionally. I would recommend this firm and the staff who were very very helpful and quickly finalised everything. Thank you Kirks.
Carol Hill

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David Kirk

Licensed Insolvency Practitioner