The Details of this Members Voluntary Liquidation
The director had incorporated the Company in London in October 2010, and had always traded profitably. Having decided he wanted to retire and realise the assets of his Company, he contacted one of our Licensed Insolvency Practitioners, Hugh Jesseman, at our London office, for an initial discussion via his accountant. Hugh was appointed to act on this Liquidation on 8 March.
Our Work was Quick and Efficient
We made sure that any tax due was paid prior to the appointment, following recent HMRC changes incorporation tax payments for MVLs (see more below). This paved the way for the first distribution to take place on 7th April 2017, less than a month after we started work. The total cash in the case was £384,547 of which £380,708 went to the shareholders, who were all family members. The Liquidation was finally closed in November, 2017, the whole process taking 8 months.
