A solvent liquidation is known as a Members’ Voluntary Liquidation (MVL), in which the liquidator is appointed by the shareholders and the company’s assets are sufficient to settle all its liabilities, including statutory interest, within twelve months.

In an MVL the liquidator is appointed by shareholders.

An MVL can only be used for a solvent company, and is under the control of the shareholders, who appoint the liquidator. There may be a number of reasons for closing down a solvent company. The proprietors may wish to unlock their capital and retire, or a group of companies may wish to close down a subsidiary which has outlived its usefulness and only exists on paper. MVLs are also used in corporate restructurings.

Durkan Cahill is able to offer very competitive quotes for undertaking MVL’s.

If you would like to discuss matters please complete the enquiry form in the Contact Us section to receive a call back or telephone on 01242 250 811 to receive more information. All matters discussed will remain completely confidential and there is no fee will be charged for the initial meeting should one be arranged.