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Members Voluntary Liquidation

A Members’ Voluntary Liquidation (or called “MVL”) is a procedure where a company with net assets over £25,000 is put into liquidation. Below that level it can be dealt with informally by concession. 

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 Business Asset Disposal Relief at just 10% tax.

Business Asset Disposal Relief is the new name for 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. All creditors must be paid in full within statutory interest at 8% within 12 months of the date of liquidation.

We can put a company into Liquidation within 7 days and pay out the shareholders a few days after that. It can all be done for a fixed fee.

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 Portrait

David Kirk

Licensed Insolvency Practitioner