Solvent liquidations and dissolutions

Closing down a business, separating assets and distributing capital to shareholders can often be complex.

When the time comes to close your business, you have two main options: a voluntary strike-off or a Members’ Voluntary Liquidation (MVL). While a voluntary strike-off is usually a straightforward, low-cost process that can be handled in-house, it may attract objections and lack transparency in the public record. An MVL, on the other hand, involves appointing a liquidator to professionally manage all aspects of the process in a transparent way that minimises risk. An MVL is often a more tax-efficient way to close the business and distribute funds to shareholders through structured asset distribution.

Whether you’re a director planning for retirement, you’ve sold your business or you have a company that’s no longer required following a restructure, we can help you navigate the process with confidence.

At Kreston Reeves, we provide professional liquidation advice and comprehensive support throughout the MVL process. Our experts take the time to fully understand your objectives and will carefully evaluate, alongside our tax advisors, whether an MVL is the right option for your business.

We also provide insight into directors’ responsibilities and legal considerations in liquidation to help you make informed decisions.