If you're considering the option of entering into an MVL to close a company and extract its value in the form of cash distributed amongst the shareholders, then you're probably wondering how long the process will take overall and what to expect in the way of time frames. For this reason we have created the following members voluntary liquidation timeline guide:
The end of the procedure is marked by the members voluntary liquidation final meeting held by the liquidator. The liquidator will send a notice of the final meeting to the London Gazette, and about three months later the company will be struck off the Registrar. However, the directors of the company may be able to restore the company via a Court order at any point within 6 years of dissolution.
If you have any questions about the members voluntary liquidation process feel free to ask one of our experts online or call us on 0800 231 6040 for a free phone consultation. We have an extensive network of 75 offices offering confidential director support across the UK.
21st June 2019
The government has announced plans that should soon see large companies being fined for failing to pay their smaller scale suppliers in a timely fashion.Read More
20th June 2019
The bathroom retail business Bathstore is facing the prospect of entering administration and potentially putting around 700 jobs in jeopardy.Read More