MVL A members’ voluntary liquidation (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. The liquidator’s actions in winding up the company’s affairs should provide some certainty to all stakeholders and provide further protection to directors and shareholders. Though the cost of an MVL is usually higher than dissolution/striking off, the overall benefits may outweigh the additional costs. MVL may be a preferable option if: • the company has a trading history or is still trading • there are contingent claims that need to be agreed/settled • the value of net assets is greater than that of liabilities • there are liabilities not dealt