London Team Receives Excellent Members Voluntary Liquidation Testimonial

A Quick and Efficient Members Voluntary Liquidation by our London Office

As Insolvency Practitioners, we handle many Members Voluntary Liquidations, or solvent liquidations, every year, and we are always delighted when the client gives us a positive testimonial for our work. In this case the testimonial was for our London office, with the team being headed up by Hugh Jesseman, as the liquidator, supported by senior administrator, Sunney Sagoo. It was a quick and efficient Members Voluntary Liquidation resulting in a very happy client.

What was the Reason for this Members’ Voluntary Liquidation?

There are many reasons why directors/shareholders decide on a Members’ Voluntary Liquidation. In this case, the Company, Silverbyte Limited, based in greater London, provided IT Consultancy services with one director and traded profitably. However, at the end of one particular contract, the director decided to accept a move into a permanent role with another company, meaning that Silverbyte had reached the end of its useful life.

We were approached by the director to liquidate the company and Hugh was appointed as Liquidator in March 2018. The Declaration of Solvency showed that the value of the Company’s assets was c.£25,000, all of which was cash in bank.

There were no secured creditors, preferential creditors or Crown creditors, and just one non-preferential unsecured creditor, the director himself.

The liquidation ran very smoothly, and was finalised in July 2018, within 4 months, with a distribution to the director of c.£22,000 after fees and disbursements.

This is What the Client Said

“Thank you so much for handling the voluntary liquidation of my company in a prompt and timely manner. You kept me informed at all times during the process and were always available to answer any queries. I would not hesitate to recommend your firm’s services.”

It’s the final sentence, of course, that means the most, as it shows that our customer service as well as the end result was appreciated by the client. Click here to see some of our other testimonials for MVLs.

Contact us if you’re Considering a Members’ Voluntary Liquidation

Our Members’ Voluntary Liquidation Specialists work with clients across the country, not just in London, delivering what we call ‘Big 4’ levels of service at competitive prices. Ranked in the top 25 of insolvency practitioners by number of appointments by Insolytics, it’s testimonials like these that demonstrate the quality of our work as well as the quality.

If you are considering a solvent Members Voluntary Liquidation for your company, contact us or call us on 0208 088 0633 for a FREE initial discussion.

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