Hi,

Has anyone used FA SIMMS for Member's Voluntary Liquidation ?

Didn't find your answer?

Hi,

I am considering going down the route of MVL for my limited company (IT contracting) with the intention of claiming ER . Want to check if anyone has availed the services of FA SIMMS for this purpose and what has been their experience. 

Feel free to suggest other MVL companies that you have had good experience with.

Thanks

Umang

Replies (5)

Please login or register to join the discussion.

avatar
By frankfx
21st Feb 2021 14:24

Would you expect any Awebers to give a thumbs down to a professional business?

Are you expecting tax advice for ER from the Liquidator.

If yes, you need to do more research.

You may want to appoint an accountant.

The company would appear to have the resources to afford professional advice

Thanks (1)
Lisa Thomas
By Lisa Thomas - Insolvency Practitioner
22nd Feb 2021 09:24

Not to rush you, but assuming you want to do this before the budget on 3rd March you need to make a quick decision in order to be able to get your Declaration of Solvency produced and sworn, the Company Liquidated and distribution paid to shareholders before then.

If you are not concerned about the risk of any potential ER changes then of course you have more time to do your research.

You could ask FA Simms to speak to some of their previous MVL clients so you can get a testimonial or two for added comfort.

Have the Company's accountants recommended FA Simms to you?

Thanks (0)
avatar
By Justin Bryant
22nd Feb 2021 09:28

I would try get this done with anyone before 3.3.21, so it may be a case of beggars can't be choosers.

Thanks (0)
Red Leader
By Red Leader
22nd Feb 2021 10:54

Will all of the conditions for ER be met?

Thanks (0)
Psycho
By Wilson Philips
22nd Feb 2021 16:28

To the OP - what do you intend to do after you've closed down your company?

Thanks (0)