MVL

Bronze Service MVL Steps

We have consciously developed a competitively priced and easy to use Bronze Service MVL.

Aimed initially at contractors closing down their limited companies to move into employment, we have streamlined our product so it is now accessible to limited companies with up to four shareholders whose accountants have completed their company's cessation accounts and relevant HMRC filings.

Completion is straightforward - here are the steps of our Bronze Service MVL:

Instruction

  1. Sign our Letter of Engagement
  2. Complete our pre liquidation questionnaire (or ask your accountant to complete)
  3. Complete our due diligence checklist providing information in three main areas, compliance, HMRC filings and accounts
  4. Pay Frost Group's fee
  5. When advised by Frost Group make an appointment with a solicitor to swear the Declaration of Solvency
  6. When advised by Frost Group transfer money from the company bank account to shareholders in line with their shareholding as a shareholder's loan
  7. Close the company bank account and send us a closing statement

Liquidation

  1. Print all the appointment papers that Frost Group have emailed to you and work through our completion guide for putting the company into liquidation
  2. Sign Minutes of Board Meeting
  3. Sign Declaration of Solvency and have witnessed by a solicitor
  4. Sign Form ADO1 to change the company's registered office to that of Frost Group
  5. Sign Deed of Indemnity - have witnessed
  6. Sign consent to short notice
  7. Sign Notice of General Meeting
  8. Sign Attendance Register
  9. Sign Minutes of General Meeting
  10. Sign Resolutions for Registrar
  11. Sign Resolutions for Gazette
  12. Sign Certificate of Appointment
  13. Sign Deed of Assignment - have witnessed
  14. Sign CT600 nil return
  15. Scan and post the original documents back to Frost Group

Completion

Frost Group are now Liquidators of the company and will complete the following tasks:-

  1. The Liquidator will countersign the Deed of Assignment and assign the shareholder loans back to shareholders
  2. Filing with Companies House
  3. Filing with and gaining tax clearance from HMRC
  4. Refund to shareholders on VAT paid on our invoice and final accountant's invoice
  5. Provide shareholders with necessary documents for claiming entrepreneurs relief on personal tax return
  6. Send draft final account to shareholders
  7. File final account with Companies House

We aim to complete all Bronze Service MVL's from engagement to final filings with Companies House within a period of six months.

Most importantly though, using a distribution in specie you do not have to wait six months to have access to your company's money.

Correspondence is via both email and telephone - if you are interested in this service please either telephone our office on the following number - 0345 260 0101. Alternatively, email enquiries@frostbr.co.uk - we look forward to hearing from you.

Contact an expert for professional help and advice

Our team member below will be able to help with all your questions

Kelly Walford

Kelly has an ability to manage and deliver complex MVL’s

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At Frost Group, we want to make things as easy as possible for you. That is why, if you can’t come to us, we’ll come to you. We operate face to face, nationwide meetings, wherever is most convenient for you.

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Croydon

Airport House
Purley Way
Croydon CR0 0XZ

bromley

Regus One, Elmfield Park
Bromley
BR1 1LU

London

86-90 Paul Street
London
EC2A 4NE

Leicestershire

Court House, Old Police Station South Street, Ashby de la Zouch
LE65 1BR

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Frost Group Limited is authorised by the Financial Conduct Authority. Authorisation number 669247.