Corporate
Members’ Voluntary Liquidations
Liquidation of solvent companies and strike-offs.
What does this entail?
Members’ Voluntary Liquidations (MVLs) apply when the purpose for which a company was set up, comes to an end, or the shareholders wish to liquidate the assets and receive a distribution of the realisations either in cash or in specie.
MVL is possible when a company is able to meet its liabilities in full. It is a shareholder-led process that allows a solvent company to be liquidated in an orderly and controlled manner.
A company without assets and/or liabilities, can simply be struck-off from the Registrar of Companies, following the making of an application to the Registrar by the directors.
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Chris Iacovides
Chief Executive Officer
Andri Antoniou
Director - Licensed Insolvency Practitioner
Marios Kofteros
Director - Licensed Insolvency Practitioner
When is it appropriate?
The MVL process is utilised, apart from when a company has fulfilled its original purpose and/or completed a specific project and/or is no longer required within a group structure. It is commonly used following business sales, group re-organisations or strategic exits, where shareholders wish to conclude the company’s affairs efficiently.
An MVL may also be appropriate where a company remains solvent but inactive, or where simplification is required to reduce administrative burden and ongoing costs, while maintaining full compliance with legal requirements.
How we can help
CRI Consulting assists directors and shareholders with all statutory matters, leading to placing a company in MVL and distributing its assets to the shareholders in the most cost-effective manner.
Next steps
Speak with our team for guidance and advice either relating to MVLs or Strike-Offs.
Key Benefits
Efficient outcomes for solvent companies
- Orderly distribution of assets in a tax efficient way
- Full statutory compliance
- Clear and controlled exit strategy
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Experienced, Trusted Advisers
Our services are delivered by experienced, qualified professionals who follow a structured and transparent process, from initial assessment through to implementation. We combine technical expertise with a practical approach to ensure each engagement is managed professionally and focused on achieving appropriate outcomes for all stakeholders.