A members’ voluntary liquidation, or solvent liquidation, can be used to unlock capital in a company when its owners wish to retire, or where the specific purpose for which the company was formed has been completed.

Having too many companies in a group structure can be costly leading, for example, to unnecessary administrative and compliance costs and potentially tying up capital and restricting dividend opportunities. Winding up dormant or unwanted subsidiaries creates a leaner and more efficient group structure.

We work closely with directors and their professional advisers to ensure the most tax-efficient way of distributing the capital is achieved, and any risks associated with eliminating companies are minimised.

Our Team has extensive experience in realising value for shareholders in a cost-effective way, whilst recognising the interests of all stakeholders. We’re also able to able to assist with reorganisations, capital reductions and strike-offs.

Our Team has extensive experience in realising value for shareholders in a cost effective way, whilst recognising the interests of all stakeholders.

The tri Group approach

Calling on the services of a firm like ours inevitably means that there are serious problems to address, usually urgently. In summary:

We are committed to helping businesses with financial pressures to overcome those problems; we regard winding up as the last resort.

We’ll explain the process using clear, jargon-free language, and set out the issues that the client will need to address. We’ll support the client throughout the process.

An initial meeting will always be without charge or obligation. We do not charge clients for the privilege of explaining their problems to us.

Professional reputation and integrity matter. We will always be driven by the need to provide the best possible advice, not to maximise our fees. We are interested in building long-term relationships with professional advisers.

When formal insolvency is unavoidable, we will help select the most appropriate procedure for the particular circumstances so as to achieve the most beneficial outcome for creditors, guarantors and other stakeholders.

We’ll spend time listening carefully and making sure that we fully understand the problems before we analyse the options.