"Our company is solvent but we need to wind it up - what is the solution"?
A guide to Members Voluntary Liquidation (MVL)
Got a company that has cash, assets, few liabilities and no future purpose? Then MVL could be the most cost effective solution to your problem. If the company has cash or properties that can be turned into cash then MVL can be used to distribute the liquid assets to shareholders for example. The company can then be dissolved and directors' obligations removed.
Ok, what is an MVL"?
This is a voluntary procedure to wind up the affairs of a SOLVENT company. If your company has cashflow problems or creditor's actions against it, then this is not for you!!
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