1. saves management time which allows resources to be focused on ongoing trading activities
2. the prompt return of cash shareholders
3. the creation of tax efficiencies which results in financial savings for a Company
Solvent Liquidations
A solvent liquidation or a Members' Voluntary Liquidation ("MVL") is a useful option in the right circumstances. Examples of when MVL can be utilised effectively includes when a Company needs to deal with a special purpose vehicle that has reached the end of its life, or when dealing with a company that has ceased trading.
Some benefits for the directors taking this option include:
Speed is always of the essence whatever the assignment. At BRS we have successfully dealt with the distribution to members within 3 days of our appointment. This fast-track approach means that there is minimal disruption and less cost involved.
