Members’ voluntary liquidations

Members’ voluntary liquidations (MVLs) are a vital means of returning value to shareholders and to bringing limited companies affairs to an orderly conclusion.  We work closely with directors and advisors to:

  • Understand the strategy and timelines to the proposed MVL
  • Review and advise upon necessary steps to be taken in preparation for the process
  • Manage the appointment and statutory processes
  • Liaise with tax advisors  and HMRC to obtain confirmation of the final tax liabilities
  • Ensure any assets requiring realisation are realised for maximum benefit to the company
  • Distribute cash, property and other assets to shareholders

We are regularly appointed to companies which will shortly dispose of their trade and assets (or a key subsidiary) and will work with legal advisors to assist in the disposal process and to ensure that the subsequent MVL can proceed smoothly. 

A S110 reorganisation, a specialist variant of the MVL, enables the division of assets (or subsidiary companies) between shareholders without triggering the tax liabilities that might arise on a disposal.  It can be utilised to demerge assets (so shareholders retain the same percentage ownership of all assets via now separated companies) or to partition assets (so that different assets are divided amongst various shareholders).

Get in touch

To find out more about how we can help you or your business, call us on 0808 144 5575 and speak to a member of our team. Alternatively use our contact form to send us a message or arrange a callback.

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Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is 15 Victoria Place, Carlisle, CA1 1EW where a list of members is kept. Armstrong Watson Accountants, Business & Financial Advisers is a trading style of Armstrong Watson LLP. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities.

Armstrong Watson Audit Limited is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales. Registered as a limited company in England and Wales No. 8800970. Registered office: 15 Victoria Place, Carlisle, CA1 1EW

Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales No. 7208672. Armstrong Watson Financial Planning & Wealth Management is a trading name of Armstrong Watson Financial Planning Limited. Registered Office: 15 Victoria Place, Carlisle, CA1 1EW