Members’ Voluntary Liquidation (MVL) is an option open to solvent companies which formally winds-up and closes the business. There are many reasons to consider Members’ Voluntary Liquidation, not least because it is a highly tax-efficient way of closing a business. If you are considering an MVL in 2021 and are looking for more information before…
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Dissolution and liquidation are terms that can sometimes get confused and be used interchangeably. However, they are two different processes that mean different things. To help you understand the difference between liquidation vs dissolution, Clarke Bell has put together this handy guide outlining what each term means as well as the key differences between both,…
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Voluntary liquidation occurs when a company director chooses to wind-up and dissolve their company. Unlike in the case of compulsory liquidation, this is a completely voluntary process initiated by a company director that must be approved by its shareholders. The outcome of voluntary liquidation is that the company ceases to trade, its finances are wrapped…
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An insolvent company has several options open to it. From liquidation, a Company Voluntary Arrangement (CVA), entering into Administration to a Scheme of Arrangement. Each option is unique and will lead to a different outcome for the company. So, if your company is facing financial difficulties, it is important to get insolvency advice as quickly…
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Members’ Voluntary Liquidation (MVL) is a formal process that winds-up a solvent company, consequently freeing up funds and realising its assets. Unlike with other forms of liquidation, such as Creditors’ Voluntary Liquidation and Compulsory Liquidation, it is a voluntary process that is only available to companies that are solvent. There are many reasons a director…
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