Voluntary Liquidation

[Maslins]

I have just completed a members voluntary liquidation with MVL Online. They were very efficient, they kept me informed at each step and the whole process took under 2 months, and most of that time was in waiting for HMRC approval. I would strongly recommend them to you.

Cheers :-) (NB as CUK usernames rarely relate to director/company name I'm clueless to who you are!)

@Scrag Meister, MVL Online fee is fixed £995+VAT. The disbursements on top are typically £500-600, so for an average case it works out at £1,700-1,800 all in inc VAT.

[Scrag Meister]

I have just completed a members voluntary liquidation with MVL Online. They were very efficient, they kept me informed at each step and the whole process took under 2 months, and most of that time was in waiting for HMRC approval. I would strongly recommend them to you.

And it cost you how much?

[Retro]

Thank you. Yes there is >25k. And my accountant is a bit nervous.

I have just completed a members voluntary liquidation with MVL Online. They were very efficient, they kept me informed at each step and the whole process took under 2 months, and most of that time was in waiting for HMRC approval. I would strongly recommend them to you.

[Isobel1988]

Thank you. Yes there is >25k. And my accountant is a bit nervous.

[Maslins]

Presumably you say liquidation rather than striking off because there's >£25k in the company? If not, just get it struck off, much cheaper.

If there is >£25k, and your concern is that you'll be starting up again straight after, then I think provided it's pretty clear the business is different, you should be absolutely fine.

Rules that could catch you out if the business would essentially be the same are "Transactions in securities", so google that together with "liquidation" and you should find a few useful articles.

[BolshieBastard]

Hello everyone,
I've been contracting for 3 years and I am looking to go into voluntary liquidation as I am changing the nature of my contract work, going from consultancy to design and after I go into design, I'll be selling my own products (on a small scale) and selling my services to more clients. I'm in fashion.
Would a change of my contact work be sufficient to convince HMRC that it's a legitimate reason for liquidation, and not because of anything dodgy.
I do have an accountant, but I'm keen to hear from more people.
Thank you!

Listen to your accountant.

You're just closing the company down (?) and, providing all taxes are accounted for and paid, hmrc should have no reason to object.

Dont do what that fool aussie suggests.

[DeludedAussie]

Hello everyone,
I've been contracting for 3 years and I am looking to go into voluntary liquidation as I am changing the nature of my contract work, going from consultancy to design and after I go into design, I'll be selling my own products (on a small scale) and selling my services to more clients. I'm in fashion.
Would a change of my contact work be sufficient to convince HMRC that it's a legitimate reason for liquidation, and not because of anything dodgy.
I do have an accountant, but I'm keen to hear from more people.
Thank you!

Just dont file an annual return and dont submit accounts - The company will be struck off by HMRC for free

[Isobel1988]

Hello everyone,
I've been contracting for 3 years and I am looking to go into voluntary liquidation as I am changing the nature of my contract work, going from consultancy to design and after I go into design, I'll be selling my own products (on a small scale) and selling my services to more clients. I'm in fashion.
Would a change of my contact work be sufficient to convince HMRC that it's a legitimate reason for liquidation, and not because of anything dodgy.
I do have an accountant, but I'm keen to hear from more people.
Thank you!