MVLs versus striking off
Produced in partnership with Robert Smailes of Leonard Curtis Business Solutions Group & Simon Hunter of ThreeStone
MVLs versus striking off

The following Restructuring & Insolvency guidance note Produced in partnership with Robert Smailes of Leonard Curtis Business Solutions Group & Simon Hunter of ThreeStone provides comprehensive and up to date legal information covering:

  • MVLs versus striking off
  • Advantages of MVLs
  • Advantages of striking off
  • Disadvantages of striking off

Advantages of MVLs

An MVL is a much-used, versatile process as the timing and strategy of the liquidation is initially in the hands of the shareholders and then, on appointment, under the control of the liquidator. This can also prove a useful tool as part of an overall strategy to include a number of different companies in the group. For full details of where an MVL is appropriate, see Practice Note: What is a members' voluntary liquidation (MVL) and where/when is it typically used?

The time of any contingency period for any further action to be taken against the company is six years from dissolution.