Members Voluntary Liquidation of Deron Developments Limited – Testimonial
“You have earned every penny of your fee”
On 8th September 2022, the winding up of Deron Developments Limited through a Members’ Voluntary Liquidation was concluded, which was led by Licensed Insolvency Practitioner Hugh Jesseman and Senior Administrator Sunney Sagoo at our Central London Office. We were appointed as the liquidator in December 2021, and the final cash distribution, totalling c.£1.15 million, was distributed to the sole member.
The client was delighted with the outcome
“I would like to thank you for all your hard work on behalf of Deron Developments Limited. You have earned every penny of your fee.”
Jill Stopps, Sole Director & Member
The details of this Members’ Voluntary Liquidation
The Company’s principal trading activity was property investment and development. The decision of the sole director to liquidate was simply that the company had come to the end of its useful life as a result of the sole director and member retiring following the sale of the Company’s property. The only asset of the Company shown in the Declaration of Solvency was a credit balance held in the Company’s Bank Account.
The liquidation progressed smoothly to a speedy and successful conclusion. We were able to obtain a Corporation Tax refund of £4,293 in respect of settling the final Corporation tax liability of £130,787 early in the liquidation. The client was eligible for Business Asset Disposal Relief.
Contact us if you are Considering a Members Voluntary Liquidation
We have a great deal of experience and expertise in successfully completing Members’ Voluntary Liquidations. Click here to see our quick guide to MVLs.
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. It is testimonials like these that demonstrate the quality of our work. Click here to see some more testimonials.
If you are considering a solvent Members Voluntary Liquidation for your company, contact us or call us on any of the following numbers for a FREE initial discussion.
Also, K&W Recovery, trading as Antony Batty and Company, Thames Valley:
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