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mvl

  1. A

    Striking the company off - None MVL

    Hi, Just looking at all options at closing down my Limited Company, and although not tax efficient, would striking the company off rather than going down the MVL route also be tied to the 2 year "phoenixing" rule. i.e if I took dividends to get company funds down to £25k, then struck the...
  2. A

    MVL scenarios

    Hi, Just got a couple of things I wanted to raise in regards to some MVL scenarios, and im interested in knowing peoples thoughts on both of them. You'll be able to figure out from these that Im one of life's worriers :-) What happens if someone starts the MVL process off now, and the...
  3. D

    MVL advice

    Hi, I've been back in the world of permie for 3 years now, and still have a reasonable amount of funds in my limited company, my view was to leave the company open in the event that I had to go back to contracting. Now I've rather annoyingly only just found out about the 3-year rule in regards...
  4. R

    Company Wind Up

    Hi Has anyone had experience with winding up a limited company and the most tax efficient method for doing this: My last invoice/payment will come through mid October (2019) and I plan on moving back to NZ mid December, on the last payment I'll have around £90000 in my company bank account (so...
  5. T

    Closing LTD options

    I took a full time PAYE position a couple of years ago and haven't had any trading in my LTD for around 18 months. I've been slow to enter anything like dormancy / closure due to being super busy, I miss being my own boss :violin: In my time running the LTD I amassed a war chest which totals...
  6. L

    contractor goes perm with mvl and wants to go back to contracting

    TL;DR; I liquidated my LTD company and went for a permanent position. Unfortunately, it did not work out and I want to go back to contracting, but I can't open a new LTD for 1.5 year. What are my options? I was a contractor for many years and around 1.5 year ago I decided to try a very...
  7. C

    MVL - Liquidators Bond Question

    Hi there, I've had a search on the forum and can’t find a definitive answer to my query, so can I ask the consensus of the board: I’ve recently moved into permanent employment after a number of years contracting. In order to get the 25k+ cash out of my company in a tax efficient manner, I’m...
  8. C

    Planning an MVL - preparation

    Hi, This is my first post, but I did a search and can't find an answer to this question or a similar question already. I've been offered the option to go permie with my current client, but there's a long lead time on it, like it's now January and we're talking about it being in Sept. In the...
  9. C

    MVL

    Good afternoon, I will be starting a permanent job early next year, and I want to start the process to liquidate my company. I have checked with my accountants and they provide the service (via a 3rd party) and it costs around £2,000 (+VAT + disbursements...). I was checking online and found...
  10. K

    How long to get funds from MVL process?

    I am looking to close down my ltd company as my contract is coming to an end and been offered a permie role. My final invoice is at the end of this month. I was wondering for those who went down the MVL route, how long did it take to get the funds issued to you personally? Some places quote...
  11. U

    Company close down (via MVL) and moving into permanent role

    Looking to close down ltd company via MVL to take up a permie role. I'll be starting the permanent role pretty much straight after my contract ends and given the timing there'll be at least one invoice outstanding. 1) From what I understand, the MVL process can't begin until all invoices are...
  12. C

    Introduction

    Hi everyone Having recently registered I wanted to introduce myself and also to make sure that my participation would be acceptable / welcome on the forum. I'm a solvent liquidation (members voluntary liquidation or MVL) specialist which I'm able to carry out as a licensed insolvency...
  13. G

    Can I liquidate my company with an MVL without repaying the director's loan?

    I am looking to close my company via an MVL but the DLA balance is £62,007. I understand many liquidators require that all debts be repaid before getting involved in case of unexpected liabilities. My company's retained profit is around £65,000, so it would be used to pay off the loan. Given...
  14. swebb

    Members Voluntary Liquidation Companies - Recommendations?

    Hi after a fair while contracting I have finally decided to go back to a permanent role. I will use MVL to close my company and get the cash out of it, 25k+. There are a fair few companies who offer MVL services, the prices vary a fair bit. I would love to hear some recommendations if anyone...
  15. N

    Closing down company

    Hi, Wondering if someone may be able to help here. I have decided to close down my company and have been advised by my accountant to go down the MVL route with appointment of a liquidator etc. with corresponding costs. I understand that there is a simpler option of doing this via ESC C16 but I...

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  1. Contracting
    1. General
      1. Brexit
    2. Business / Contracts
      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
      2. HMRC Scheme Enquiries
      3. The Future of Contracting
      4. IR35 Reform
    4. Technical
    5. Welcome / FAQs
  2. Social
    1. Light Relief
    2. Social / Events
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