On 9th March 2020, Stephen Evans, one of the Insolvency Practitioners at Antony Batty and Company was appointed as the liquidator of Masako Limited. This was a solvent liquidation, using the Members Voluntary Liquidation process. It proved to be a well-executed and organised liquidation, with the winding up being completed less than 6 months later, on 2nd September 2020. The liquidation delivered a cash distribution to the director.
The Details of This Members’ Voluntary Liquidation
Masako Limited traded as a consultancy company and was based in London. The reason why the director decided on a solvent liquidation was because he had moved to the USA on a permanent basis and felt that his company had reached the end of its useful life. He wanted to liquidate the company as quickly and efficiently as possible and realise the maximum cash distribution.
Customer service is always paramount, of course, and in this case not only was our client concerned that the process might prove to be cumbersome, but he was also concerned that his being overseas might slow things down.
We ensured that our client was always kept informed of the process and the progress being made. As a result, we were able to make sure that the client always felt at ease, hence the positive testimonial he gave us.
There were two cash distributions, the first after only a week following our appointment on 10th March and the second on 20th August, just before the winding-up was completed and the Final Account was delivered to the members on 2nd September.
Contact us if you are Considering a Members Voluntary Liquidation
We have a great deal of experience and expertise in successfully completing Members’ Voluntary Liquidations. In 2019 we were instructed on 49 MVLs.
Our Members’ Voluntary Liquidation specialists work with clients across the country delivering what we call ‘Big 4’ levels of service at competitive prices. It is testimonials like these that demonstrate the quality of our work.
If you are considering a solvent Members Voluntary Liquidation for your company, contact us or call us at any of our offices for a FREE initial discussion:
