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Members Liquidations and Debt Management Services from Sinclair Harris

Members Voluntary Liquidation

This is solvent liquidation which the liquidator is appointed by the shareholders and the company's assets are sufficient to settle all its liabilities, including interest within twelve month. The Members Voluntary Liquidation is usually legated when the company comes to the end of its useful life and the directors wish to retire or work on new projects. The procedure is for benefit of shareholders whereby the value of the assets of the company are passed to them either in money or in specie. The directors usually utilise a Members Voluntary Liquidation for tax purposes in that the rate of tax suffered by shareholders from the sale of the business would be much less than if the proceeds of business were received via a dividend.

Actual Cases

Sinclair Harris has conducted solvent Liquidations for stand alone companies and groups of companies. 

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Sinclair Harris is fully regulated by the Department of Trade & Industry (Berr), are Members of the R3 Association of Business Company Professionals, as well as the Institute of Chartered Accountants of England and Wales.

We have helped hundreds of businesses and individuals in the past and understand their problems.

is proud to be associated with

The Institute of Chartered Accountants of England and Wales

R3 - Association of Business Recovery Professionals