Five star review for My-MVL
To further streamline the MVL process and give accountants more control, Leonard Curtis Business Solutions Group (LCBSG) has developed My-MVL - easy-to-use specialist software to facilitate the Members’ Voluntary Liquidation (MVL) process for straight forward liquidations.
The recently launched offering saves professional advisors - who are members of the LCBSG Lifecycle network - both time and money by streamlining the entire MVL process for a fixed fee of £1,500 + VAT.
It means that accountants can then extend their service lines to clients by offering this specialised, professional and managed service to their clients through LCBSG’s bespoke, white-label platform. As a result, they are able to provide an enhanced offering with greater control of the MVL fee and its process.
In return, clients benefit from a seamless online documentation journey via a simple, transparent process that can be undertaken remotely, removing the need for face-to-face meetings.
One accountant to use My-MVL and experience its benefits is Peter Edwards, Partner at Warr & Co Chartered Accountants in Stockport. He said: “As an accountant specialising in freelance contractors, My-MVL was the perfect solution for our clients to close a solvent limited company.
“Prior to its introduction, providing general advice and identifying the most lucrative way to close a company wasn’t compensated. With My-MVL, we find that the modest fee charged by LCBSG allows us to provide a clear, fixed-cost solution and gives us with the opportunity to include additional fees for the tax advice we provide.
“The My-MVL process is simple to use and surprisingly quick - providing clients with email prompts and deadlines in order to expedite the process. Yes, to some degree this is an automated service but it’s truly innovative in terms of client service and satisfaction. My-MVL has received 100% positive feedback from my clients and I would recommend it to any advisor. It gets five stars from me.”
About the Lifecycle network
Lifecycle is free to join and also offers members many additional benefits. These include eligibility for a highly competitive Professional Indemnity insurance scheme, a regular programme of free training and education and discounts on products and services relevant to their business and clients’ needs.
Services offered by Lifecycle include: Company secretarial and formation; equity finance for SMEs; debt advisory for SMEs; personal debt advice; corporate restructuring, insolvency and cessation; debt finance for SMEs; cashflow maximisation; property solutions and legal services.