Members voluntary liquidation (“MVL”)

This is a procedure where a solvent company is able to formally end the trading life of the company, leaving no loose ends and possibly provide a tax efficient exit route for shareholders.

The procedure requires the directors of the company to sign a declaration of solvency, the veracity of which the directors must be absolutely certain about as if it subsequently transpires that the company was insolvent the directors may then face imprisonment and/or fines by virtue of having sworn the declaration.

If you would like some more information on the members voluntary liquidation services we provide, please contact corporate.insolvency@aabrs.com