50 years Business Recovery Experience

Independent advice tailored to you

You could claim on average £12,000 redundancy

Caring and reassuring professional advice

Our advice could stop creditor action

Experienced to stop court Action

Offering free director advice

Next day face to face meeting if required

Contact us in confidence on 0800 0465 608

50 Years
Insolvency Experience
0800 0465 600
FREE DIRECTOR ADVICE

Worried About Your Limited Company?

Experts In Business Recovery

What Our Clients Say

“My business was struggling, I contacted Business Solution Centre and they took all of the stress away and provide me with my options”

“The Insolvency Practitioner gave me his mobile number and told me to contact him directly at any time if I had concerns, he was true to his word and all my calls were answered and my concerns removed”

“I had one point of contact right the way through my liquidation journey. I never had to wait and listen to hold music or press option buttons to speak to my Professional Advisor”

“Polite, knowledgeable, professional and courteous”

“I honestly thought that I had failed at business, if I hadn’t sought advice, I wouldn’t still have my company”

“I spoke to Andrew Ryder, he was caring and reassuring from our first conversation”

“The decision to declare insolvency can never be an easy one, bringing with it feelings of doubt and fear. Seeking advice and taking the necessary course of action has lifted a weight off my shoulders.”

“At our first meeting they explained all of my options and the necessary steps of each. I was then able to make an informed decision”

“After providing me with my options, they suggested taking 24 hours for me to decide whether or not to engage them to work on my behalf”

“I can honestly say that Business Solution Centre took a situation which I was dreading and made it as painless as possible”

What Our Clients Say

“My business was struggling, I contacted Business Solution Centre and they took all of the stress away and provide me with my options”

“The Insolvency Practitioner gave me his mobile number and told me to contact him directly at any time if I had concerns, he was true to his word and all my calls were answered and my concerns removed”

“I had one point of contact right the way through my liquidation journey. I never had to wait and listen to hold music or press option buttons to speak to my Professional Advisor”

“Polite, knowledgeable, professional and courteous”

“I honestly thought that I had failed at business, if I hadn’t sought advice, I wouldn’t still have my company”

“I spoke to Andrew Ryder, he was caring and reassuring from our first conversation”

“The decision to declare insolvency can never be an easy one, bringing with it feelings of doubt and fear. Seeking advice and taking the necessary course of action has lifted a weight off my shoulders.”

“At our first meeting they explained all of my options and the necessary steps of each. I was then able to make an informed decision”

“After providing me with my options, they suggested taking 24 hours for me to decide whether or not to engage them to work on my behalf”

“I can honestly say that Business Solution Centre took a situation which I was dreading and made it as painless as possible”

Members Voluntary Liquidation Explained

Independent advice tailored to you

Claim on average £12,000 redundancy

Our advice could stop creditor action

Experienced in stopping court Action

Offering free director advice

Next day face to face meeting if required

Tired of paying too much tax? We can help

Would you turn down the chance to only pay 10% tax?

We can reduce your tax bill significantly

Call us now and start saving money

Call us in confidence on 0800 0465 600

What Is a Members’ Voluntary Liquidation (MVL?)

 If your company is Solvent then you may decide to alternatively enter into a Members’ Voluntary Liquidation (MVL). In order to do this you must enlist the assistance of an experienced Insolvency Practitioner to liquidate your company.

Depending on the level of assets and funds remaining in the business, this may be the most tax efficient way of closing your business. Funds distributed to shareholders through an MVL are treated as capital gains and not taxed in the same way an income would be. The shareholders are usually entitled to Entrepreneurs relief and taxed at 10%. The process usually takes no longer than six months dependant on the company structure and complexity.

How do I enter into an MVL?

The majority of Directors will need to sign a ‘Declaration of Solvency’ which states that a full enquiry into the company’s affairs has been completed. It also states that it is the opinion of the Directors that the company is able to pay all of its debts within 12 months of the commencement of the liquidation. This is also accompanied by a statement of assets and liabilities.

There are significant consequences if the declaration is false or incorrect which is why you should enlist the assistance of an Insolvency Practitioner at an early stage.

A general meeting is then called at least five weeks later where a resolution is passed for voluntary winding up the company. An authorised Insolvency Practitioner is then appointed to wind up the company.

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Advantages

  • The process does not last longer than one year
  • Lower tax rates applied to shareholder distributions
  • Potential access to entrepreneurs’ relief, reducing the tax rate payable
  • Company is closed with no outstanding issues

Disadvantages

  • There are significant consequences if the ‘Declaration of Solvency’ is incorrect
  • The control of the company’s assets is passed to the Insolvency Practitioner

If there is still value in your business and you are thinking of closing it down, do not hesitate in contacting us today for free advice on 0800 0465 600.

Obtain your free online liquidation quote:

Free Online Liquidation Quote

Alternatively speak to our team on 0800 0465 605

There are many ways in which debt can affect a business. Lines of credit from suppliers are the lifeblood of most businesses as it allows them to purchase the required stock that they otherwise wouldn’t have been able to. If these were to cease it could have a devastating impact on production and subsequently profit.

Speak to me directly for free advice on 0800 0465 600

Andrew Ryder

Insolvency Practitioner, Business Solution Centre

Free Telephone Advice

Free Telephone Advice
Contact us today for free insolvency advice and information on our services:

+44 (0)800 0465 600

Mon-Fri: 8am-8pm

Redundancy Calculator


try our online calculator to see if you are eligible for a redundancy claim between £7000- £12,000.

Calculate Now

Contact our team today on 0800 0465 600

Case Studies

Manufacturing

Manufacturing Mr B – Northern Ireland. The Company was a small manufacturing business incorporated in 2010. The company was profitable with staff numbers increasing with six employees working at the company in its height of trade. Contact our Insolvency Specialists...

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Construction

Construction Mr H – Manchester. The company was incorporated in 2007 and the initial start-up costs were funded by the Director in hope that these will be repaid once the company became successful. Contact our Insolvency Specialists for Free Advice Today Make Your...

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Hospitality

Hospitality Mr B – Hartlepool. The company was incorporated in 2016 by the director and the start-up costs were self-funded by the Director. The Company ran a public house in the town centre of Hartlepool and relied on the Directors contacts within the industry such...

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About Us

What makes us different is our friendly and empathetic approach. Our team of experts, combined, have over 50 years’ insolvency industry experience. That’s why we genuinely understand the impact that insolvency can have not just on individuals, but on their families.

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