A solvent liquidation, also known as a members’ voluntary liquidation or members’ voluntary winding up, occurs when the shareholders decide to put the company that has sufficient assets to pay all its debts into liquidation.
A solvent liquidation may be appropriate for various reasons. For example, you may want to retire and do not want to sell, or cannot find a buyer for, your business or you are stepping down from a family business and there is no successor. A members’ voluntary liquidation can also generate significant tax savings.
To find out more about how our East London and Essex solvent liquidation services can help you, please contact us.