Hello, I wonder if anyone can help me.
I have a client company who wishes to wind up his company and obtain capital treatment on the monies distributed to the shareholders and, hence, the liquidation will need to be via Members Voluntary Liquidation (company is solvent).
When ESC C16 came to an end, many contributors were concerned about the cost of taking this route - but I recall, felt that it would not be as expensive an option as first thought, due to the potential influx of these cases.
I've contacted a couple of Insolvency Practitioners and am getting seriously high quotes - lowest £3,500 plus vat and highest £7,000 plus vat. This is a non-trading company holding roughly £85,000 worth of shares and £25,000 cash with no creditors other than a directors loan of roughly £40,000.
These quotes seem very high to me - do any AWebb members agree? And has anyone used a reasonably priced firm that you could now recommend?
Thanks in advance