Why an MVL?
See our introductory video
Or have you simply decided to stop contracting and want to close your limited company and have funds remaining in your business bank account?
There are a variety of ways to close down your company. The most common way is just to take any remaining profit as a dividend. However, depending upon how much profit is left, you may be able to close it via an MVL which could potentially be more tax efficient saving you thousands of pounds.
You may however already have accelerated the cash flow from the company and taken a loan as a shareholder, which can then be distributed in specie on liquidation without the need for funds to change hands.