Simple Liquidation

SimpleLiquidation.co.uk is a regulated insolvency practice. Our liquidators are authorized by the Insolvency Practitioners Association and the Institute of Chartered Accountants in England and Wales. We are not an intermediary, broker, or sales company. As a solvent company, there must be sufficient assets to repay all the creditors as well as funds to pay the shareholders. The MVL may be initiated by the directors of the company but it will also need the approval of 75% of the shareholders to pass. If you are currently solvent but thinking of closing down a company, then a members  voluntary solvent liquidation  might be the best option. You can find out more about the process by getting in touch with our team. We look forward to hearing from you. Visit now!

Insolvency and the closure of a company can easily scare the directors and members of the company. This is the last stage for a company and is always taken in some unforeseeable situations. If you feel that your company is at this stage, you can easily take some company insolvency advice to protect your company.  There are many insolvency liquidators and practitioners available in the United Kingdom. These are extremely professional in their tasks and efficiently with their work. This process includes many legal aspects to be followed and comes with a proper order of proceeding ahead. If you feel that your company is in a bad state and cannot cope with adverse situations, it is better to close the company after following all the legal procedures. From a legal point of view, every country has a separate set of things to be followed in a specific order. The company can be closed either by Creditors’ Voluntary Liquidation (CVL) or by Members Voluntary Liquidation (MVL). Both these ty...

A members voluntary liquidation process allows shareholders to appoint a liquidator in order to formally close down a solvent company. If you decide the MVL is the best course of action, you need to make a declaration of solvency. This will state that a full enquiry has been made into the state of the business that everything is in order. If you are currently solvent but thinking of closing down a company, then an MVL might be the best option for you. Our liquidators are authorised by the insolvency practitioners association and the Institute of Chartered Accountants in England & Wales. We are not a broker or sales company. Find more about the process by getting in touch with our team. We look forward to hearing from you. Visit now!