MVL and credit rating impact - Contractor UK Bulletin Board

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northernladuk replied

13 February 2020, 11:34
Why would closing a company affect your personal credit score?
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ahspooner started a topic MVL and credit rating impact

13 February 2020, 11:20
MVL and credit rating impact

Hi,

I've had a look through the forums and haven't been able to find a definitive answer on this. Essentially when you conduct an MVL does this impact your personal credit rating? I'd assume not, as this is an entirely voluntary process, with typically large amounts of cash and zero debt in the business.

Can anyone clarify this at all?
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