Members Voluntary Liquidation

Members Voluntary Liquidation (MVL) allows a solvent company to put itself into liquidation. Examples may be if a family business is sold off, or the purposes of the company have come to an end. The members (shareholders) appoint their own choice of liquidator. Creditors do not have to be notified.

The company must be able to pay its debts in full within 12 months. If the liquidator considers that this will not be possible, a meeting of creditors must be held and the liquidation becomes a Creditors' Voluntary Liquidation (CVL).

Further Information

> Guide to MVL
> MVL Frequently Asked Questions

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