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Rapid Distribution of Funds to Shareholder

In December 2008 we were appointed Liquidator of the solvent liquidation of an investment company.

Within 3 months of appointment a distribution of over 70% of the shareholders' funds had been made. 4 months later a second and final distribution was made bringing the total funds distributed in this case to £491,000 and the associated tax savings of the distribution attracting Capital Gains Tax rather than Income Tax.  

It is essential that businesses and individuals seek early advice as it is often possible to avoid formal insolvency proceedings and implement a recovery plan

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  • Head Office: Suite 3 Farleigh House, Farleigh Court, Old Weston Road, Flax Bourton, Bristol, BS48 1UR
  • Tel: 01275 464 038
    Fax: 01275 462 937
  • info@byrneassociates.co.uk

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