A “Valuable Partner” in Delivering the Members Voluntary Liquidation for The Sausage Man Ltd
Our London Team Provided “A Relationship Driven Service”
On 26th May 2020, the final meeting was held for the Members Voluntary Liquidation and winding up of The Sausage Man Limited, which has been led by Licensed Insolvency Practitioner Stephen Evans and Senior Administrator Sunney Sagoo at our Central London Office. We were appointed as the Liquidator in May 2019, and the final cash distribution to the Guarantor was £1,017,759.
Our Client Was Delighted with the Outcome of the MVL
“My experience with Antony Batty & Company LLP has proven them to be a valuable partner in our company matters. They understood our requirements and provided a relationship driven service with excellent skills. A great company to work with, highly recommended.”
(Owner – www.sausageman.co.uk)
The Details of this Members’ Voluntary Liquidation
Based in South Darenth, Kent, The Sausage Man UK Ltd is the UK’s leading wholesaler and importer of German Sausages and Hot Dogs with over 7 million sausages per year. The reason for deciding upon an MVL was that the director wished to restructure the business and it was considered that a solvent liquidation was the best way to do this.
The liquidation process took just under a year and realised a total cash return to the business’s guarantor of £1,017,758, which was paid in four tranches between July 2019 and May 2020.
The liquidation progressed smoothly, with the main features being that: the company was limited by guarantee and therefore had no share capital, only a guarantor; an S455/S458 tax refund on a Director’s Loan account was required; an overseas client, bases in Thailand had to be contacted as part of the process.
Interested in this Liquidation Testimonial? Want to find out more?
If you or your business is facing insolvency, the sooner you contact us, the more we can help.
Contact us if you are Considering a Members Voluntary Liquidation
Here at Antony Batty and Company we have successfully completed hundreds of Members Voluntary Liquidations, through our teams in London, Brentwood, Salisbury, Croydon, Bournemouth and The Cotswolds. Click here to see more testimonials for MVL’s. In 2019 we were instructed on 49 MVLs. Click here to see our quick guide to MVLs.
If you are considering a solvent Members Voluntary Liquidation for your company, contact us or call us on 0208 088 0633 for a FREE initial discussion.
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