Member's Voluntary Liquidation

When the business or trade carried out by a company has come to the end of its normal life cycle, or after selling the business, the owners may decide to wind up the company to release the remaining assets held within it. This is achieved by way of a Member's Voluntary Liquidation.

The members appoint a liquidator, who is responsible for the realisation of assets, which he then distributes in accordance with their instructions. There are often important tax issues to be considered in respect of the timing of the liquidation.

Dissolution of Company

Alternatively, the directors and shareholders may apply to have the company struck off under Article 603a of the Companies (Northern Ireland) Order 1986.

For a free, no obligation discussion, please do not hesitate to contact our team

on 028 87721194.

Please click on one of the following for further information

• Administration

• Company Voluntary Arrangement (CVA)

• Creditor's Voluntary Liquidation

• Compulsory Liquidation

• Administrative Receivership

• Informal Workout