“You have earned every penny of your fee”
The details of this Members Voluntary Liquidation
The Company’s principal trading activity was property investment and development. The decision of the sole director to liquidate via a Members Voluntary Liquidation was simply that the company had come to the end of its useful life as a result of the sole director and member retiring following the sale of the Company’s property. The only asset of the Company shown in the Declaration of Solvency was a credit balance held in the Company’s Bank Account.
The liquidation progressed smoothly to a speedy and successful conclusion. We were able to obtain a Corporation Tax refund of £4,293 in respect of settling the final Corporation tax liability of £130,787 early in the liquidation. The client was eligible for Business Asset Disposal Relief.
