Members Voluntary Liquidation - MVL
Benefits of Frost Managing Your MVL
Low costs - prices as low as £1,000 + VAT
Tax Efficient -shareholders pay as little as 10% capital gains tax with Business Asset Disposal Relief (formerly called entrepreneurs' relief)
Quick turnaround - distribution of cash to shareholders from day one of appointment (Bronze)
Distribution in specie - we won't hold your cash in our company account
Fully Licensed - regulated by the Insolvency Practitioners Association and the Financial Conduct Authority
Pricing
If you can answer YES to the questions below, then you are ready to make the first step with us.
- Are you (or your clients) planning to make distributions of more than £25,000 to shareholders?
- Can the shareholders claim reliefs allowing them to pay 10% tax?
- Is the company nearing the end of its life?
- Have recent changes in tax legislation caused you or your clients to complete a corporate structure check-up? Having many corporate vehicles is no longer tax beneficial.
Trusted by Directors & Accountants to Close Limited Companies
Don’t just take our word for it, we are rated excellent on TrustPilot
Are you ready for an MVL?
The Process
1. The Company must be solvent (able to pay all of their debts in full) and a meeting of directors is held where they swear a statutory declaration of solvency.
2. A meeting of shareholders is held to pass resolutions to put the company into liquidation
3. The liquidator will review the company's books and records looking for any liabilities, will close any bank accounts and realise all assets
4. All creditors' claims will be agreed and paid in full (with statutory interest). Any surplus assets will be distributed to shareholders
5. Corporation tax, PAYE & NIC and VAT compliance will be concluded - with all clearances received before closure of the liquidation
6. A final meeting is held to close the liquidation and dissolution of the company is approximately three months later.
Contact an expert for professional help and advice
Our team member below will be able to help with all your questions
Kelly Walford
Kelly has an ability to manage and deliver complex MVL's
Over Two Decades of Experience
Over £400 Million of Capital Distributions
FCA Regulated
"Frost group were very professional throughout, and responded quickly to any queries. They were also quite patient with me, as I had other matters to deal with, which elongated the process.
Also, costings were clear and straightforward, there were no large fees for work that was unnecessary. "
-Rob, MVL Service
"First class service, they were able to pull out all the stops and get the liquidation of my company done in quite a short time.
Highly recommended. "
- David Hicks, Client
"Good value and efficient Member's Voluntary Liquidation of my husband's company. Processes always set out clearly and my questions answered promptly, helpfully and clearly. I would highly recommend this company to anyone needing a liquidation. "
-Mrs. Williams, MVL Service
"Step by step instructions from Kerry and frequent communications while I was abroad helped complete the liquidation process with much ease."
- Dixon Thomas
Testimonials
Bronze MVL
Non advisory, process driven service
Ideal for contractors or sone sole director or shareholder
Designed to be easy to understand and navigate, making it accessible to all
Best MVL if a company has stopped training and has no assets or liabilities, just a cash balance
Distribution in Specie (Quick access to your companies money
Tax friendly - Pay less Capital Gains Tax by using Business Asset Disposal Relief
From £1,000
Plus disbursements & VAT
Silver MVL
Advice drive service for peace of mind
Suitable for contractors, consultants or larger comapnies
Best MVL if S455 is due, if Corporation Tax is not finalised, there are asstets on balance sheet and employees
Quick access to funds from day one of liquidation
Tax friendly - Pay less Capital Gains Tax by using Business Asset Disposal Relief
Fixed Fee £3,500
Plus disbursements & VAT
Gold MVL
Bespoke advice driven service for complex MVLs that require a higher degree of expertise and skill
Proactive approach with discussions with company’s professional advisors
Restructuring and realisation of going from a live business to liquidation
Commercial approach to asset realisation
Fixed Fee £6,000
Plus disbursements & VAT
Handling of all creditors and contingent liabilities
