It seems each day we see a different report and a different opinion on the UK economy as a whole and the various subsectors of the business arena. Even though headline figures may be indicating a potential recovery in the overall UK economy it seems that many areas underneath the surface are still struggling and [...]
Liquidation
There are 3 types of liquidation
(i) Members Voluntary Liquidation
A Members Voluntary Liquidation MVL is a voluntary procedure to wind up the affairs of a solvent company.
Solvent, what does this mean?A company is capable of paying its liabilities in full plus statutory interest plus the costs involved in winding up, within 12 [...]
