Kirk Byrne Home page

Closure of No Longer Required Company

The director of a group of companies approached us when one of his companies that had been used to provide a legal services business was no longer required and that he no longer wished to pursue that line of work. 

This type of business may have potential claims arising from advice given and so to take advantage of the protection that the MVL affords it was decided to implement the MVL procedure rather than simply let the company be struck off at companies house – which would allow any future creditors with old claims to resurrect the company and pursue it via an insolvent winding up, leaving the directors exposed with potential personal liabilities.

The liquidation will be complete within 6 months. 

It is important to take early advice - whilst all options are still open. The longer matters are left, the less control you will have over the outcome, and the harder it becomes to save a business

Contact Us

  • Head Office: Suite 3 Farleigh House, Farleigh Court, Old Weston Road, Flax Bourton, Bristol, BS48 1UR
  • Tel: 07889 363 321

Copyright © 2012-2021 Byrne Associates   |  Privacy Policy  |  Sitemap

R3 - Association of Business Recovery Professionals
ACCA - global body for professional accountants
Byrne Associates twitter feed
Byrne Associates LinkedIn profile

Can we help?

Contact us now - 07889 363 321

Call now