Members’ Voluntary Liquidation (MVL)

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A board of directors may need to consider the winding up of a corporate entity by way of Members' Voluntary Liquidation (MVL) or solvent liquidation in a number of scenarios including but not limited to the following:

The corporate entity has completed its specific purpose (e.g. Special Purpose Vehicle or regulated investment fund)
Cessation of trade and cash extraction / return on investment (e.g. upon retirement of a shareholder)
Business break-up / separation (e.g. shareholder dispute)
Corporate group simplification (e.g. removal of an obsolete entity from an existing group structure)

Grant Thornton is the leading provider of solvent liquidation services in Ireland. We have a dedicated team within our Transaction Advisory Services department specialising in the area of solvent liquidations. The team draws on their experience of dealing with large numbers of solvent liquidation appointments.

We provide an efficient total service advising on statutory winding up procedures and implementing the necessary steps to asset realisation and corporate dissolution.

How we can help

Strategic options

Advising company directors on strategic outcomes in a winding up scenario. Drafting of relevant documentation.

Direct liquidator management

Direct liquidator management and control over corporate entities, their assets and statutory and tax requirements.

Creditor discharge

Agreeing and discharging outstanding liabilities. Management and control of payments.

Distribution of fund

Processing of shareholder distributions and liaising with shareholder service providers.

Project management

Project managing orderly wind down of balance sheet followed by dissolution of corporate structures.

Asset realisation

Realising assets and cash in conjunction with all key parties including investment managers, corporate services providers, legal and tax advisers.

Revenue and CBI engagement

Liaising with the Revenue Commissioners and the Central Bank of Ireland in relation to tax clearance on pre-liquidation tax affairs and regulatory revocation respectively.

Statutory administration

Filing of statutory documentation with the CRO, dissolution and removal from the companies’ register.

Strategic options

Advising company directors on strategic outcomes in a winding up scenario. Drafting of relevant documentation.

Project management

Project managing orderly wind down of balance sheet followed by dissolution of corporate structures.

Direct liquidator management

Direct liquidator management and control over corporate entities, their assets and statutory and tax requirements.

Asset realisation

Realising assets and cash in conjunction with all key parties including investment managers, corporate services providers, legal and tax advisers.

Creditor discharge

Agreeing and discharging outstanding liabilities. Management and control of payments.

Revenue and CBI engagement

Liaising with the Revenue Commissioners and the Central Bank of Ireland in relation to tax clearance on pre-liquidation tax affairs and regulatory revocation respectively.

Distribution of fund

Processing of shareholder distributions and liaising with shareholder service providers.

Statutory administration

Filing of statutory documentation with the CRO, dissolution and removal from the companies’ register.

Get in touch

Nicholas O’Dwyer

Partner - Advisory

Contact Nicholas O’Dwyer Learn more about Nicholas O’Dwyer

Why Grant Thornton

Grant Thornton is the leading provider of Members’ Voluntary Liquidation (MVL) services in Ireland.

We have a dedicated team of multi-disciplinary professionals with deep experience in asset realisation and dissolution of:

Special Purpose Vehicles and Section 110 Companies
Regulated Fund and Management Companies
ICAV Corporate Fund Structures
Offshore Tax Resident and Multi-Jurisdictional Group Companies
Corporate Non-Filing Structures
Holding Companies
Indigenous Family Owned Companies

Contact us today for a free and confidential consultation. We provide bespoke fee proposals and step plans to reflect the specific requirements of individual clients.

Members’ Voluntary Liquidation (MVL)

How we can help

Why Grant Thornton

Get in touch with our MVL experts