What needs to happen before you procced with Leading MVL?
Stop trading
Sell off any remaining fixed assets/stock (to yourself if necessary)
Prepare accounts, corporation tax and VAT returns at least up to the period that your company ceased trading
Submit final Corporate Tax/VAT/PAYE returns
Deregister for VAT
Deregister as an employer
Collect in any debts owed to the company
Settle all company liabilities, including tax liabilities
Director loans DO count as creditors/debtors of the company, if these exist they must be cleared or agreed with us beforehand
Check you understand what’s involved and discuss with your accountant to ensure it’s best for your personal circumstances
Ask us any questions about things you may be unclear of with the service / process
What happens once you have engaged Leading MVL to process the liquidation?
Complete online form
Our team will review your information and send out our letter of engagement and invoice along with a Declaration of Solvency.
Sign and return our letter of engagement and pay our invoice.
You take your ID and Declaration of Solvency to be certified and signed in front of a solicitor of your choice.Return these documents to us by fax, email or post.
We prepare the liquidation documentation for you to sign.
Return these documents…
You transfer the Company’s funds to our designated client bank account.
We complete the Companies House filing and statutory advertising of our appointment as liquidator.
We make an interim payment to you of the majority of your funds.
We request clearance from HMRC for Corporation Tax, PAYE, and VAT.
Within 4-6 months (dependant on HMRC) tax clearance is received.
All remaining funds are transferred to the shareholders.
Our final report is issued.
Final documents are filed with Companies House.
The company is dissolved and struck off the Register.
