Members Voluntary Liquidation

Why Us:

• Extremely quick turnaround
• Flexible, tailor made solutions
• Low Costs
• Repeatedly recommended by professional advisors
• Seamless integration with other advisors
• Reliable, Reputable and Trustworthy

When a Company reaches the end of its useful life but is solvent, a liquidation can often be an extremely tax efficient way of extracting any remaining funds quickly.

It is important that shareholders and directors are aware of the restrictions that may mean a Liquidation is not appropriate but some examples of where it may be the best solution are;

• orderly wind down
• retirement
• restructuring
• business sale
• dormant/ non trading subsidiaries

A solvent Liquidation can only be undertaken by a licensed insolvency practitioner and as well as understanding the restrictions it is also crucial that the practitioner works in partnership with other professional advisors, in particular tax advisors, to ensure the best solution is achieved for the business and its owners.

Assist have many years of experience and are liquidation specialists and most importantly understand how important it is to have a reputable and trustworthy professional handling the process.  Often many years of hard work have gone into the business resulting in a healthy asset base to be distributed and it can be very difficult to relinquish control of the funds to an unknown party.  Here at assist we are recommended time and time again by professional advisors and work hard to ensure clients are reassured at all stages.  We build our business on referrals due to our reliability and integrity and efficient services.

We pride ourselves on delivering your solutions quickly and efficiently to ensure you receive any distributions without delay and are able to do so at an extremely cost effective price.

If you wish to chat through your options and find out more please do contact us now.

Why is a Liquidation tax efficient?

• It allows the distributed funds to be classed as capital rather than income, therefore a lower tax rate is applicable and the monies can be withdrawn immediately without any adverse tax consequences.  The MVL will also mean tax bands for that year are not utilised and remain free for alternative sources or income.
• There may also be the possibility of entreprenuers relief.
• A distribution in specie may be possible where assets can be distributed directly to shareholders without the need for sale/ realisation first.

When may it be suitable?

• Solvent financial position (including contingent claims)
• Assets above £25,000
• Shareholders in agreement above 75%

These are general guidelines to use as a starting point as the final strategy will be subject to company’s individual articles of association, the shareholder’s personal tax position and the intentions of the directors post liquidation.

How quickly can I get my money?

Assist works extremely hard to ensure our clients are able to receive their monies as soon as possible.  Through a combination of fast turnaround of documents, flexibility on meetings for initial advice and the inclusion of suitable indemnities we can ensure you receive your distribution almost immediately.  Contact us now for your individual timescale estimate.