Members' Voluntary Liquidation (MVL) Services

Peterbrown92930 Mar, 2021Business

MVL process enables shareholders to liquidate their Company providing it is solvent. It means that the business must have enough funds to pay all of its liabilities, in addition to the cost of the MVL and statutory interest that is payable. A company may commence the voluntary liquidation with the approval of a majority of the directors of the board. It includes the approval of the majority of their shareholders and creditors. The company will have stopped trading by the end of the liquidation process. It will be removed from Companies House & cease to exist.