CLIENT
The client previously traded in the building and construction industry.
OPPORTUNITY
The client approached us in late October 2025 having already ceased trading. They wished to place the company into Members’ Voluntary Liquidation (MVL) and, crucially, receive a first and majority distribution of funds before the Government Budget on 27 November 2025.
A challenge we encountered was that the client was due to be away from mid-November, meaning we needed to work around their availability while ensuring the process remained thorough and fully compliant with legislation.
ACTIONS
We worked closely with the client’s accountant to review the company’s financial position and confirm solvency, ensuring suitability for an MVL.
We maintained regular communication with the director, providing clear guidance on the liquidation process and outlining the required actions to keep matters progressing efficiently.
OUTCOME
The company entered into liquidation on 11 November 2025, within two weeks of our engagement.
The client received a majority distribution on 20 November, almost a week before the anticipated Budget. This amounted to approximately 98% of their equity in the company (after costs had been considered).
“Menzies were very professional in helping me with the solvent liquidation of my company from first meeting to the completion of the Liquidation. Iona Murray, Bethan Evans and Gareth Dyer have been incredibly helpful and supportive throughout the whole process from start to finish. On the whole the process has been made very easy and I wouldn’t hesitate to recommend Menzies as a company.”
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