Parkman Purnell and Co

General information

Parkman Purnell and Co are a firm of Licensed Insolvency Practitioners specialising in providing low cost, fixed price Members Voluntary Liquidations or MVLs. We have three Licensed Insolvency Practitioners within the firm and unlike some other online MVL providers are more than happy to have a free telephone meeting to discuss your company's individual circumstances, talk you through the process and answer any queries or concerns you may have.

Following the withdrawal of Extra Statutory Concession C16 ("ESC 16") if your limited company has served it's purpose and you now wish to close it down and withdraw any funds or assets it holds by way of a capital distribution, if those funds or assets are in excess of £25,000 a formal Members Voluntary Liquidation will be required. There can be significant tax savings by receiving those funds by way of a capital distribution because they will be subject to the more favourable capital gains tax rates and also entrepreneurs relief may be available which could reduce your tax bill even further. However it is always best to discuss this matter with your accountant.

Previously an MVL could cost in excess of £4,000 upwards with your local practitioner. However our fees start as low as £999 plus VAT plus disbursements for advertising, bonding etc for a basic liquidation for a Company with one or two directors and shareholders. If there are additional shareholders or you wish for us to undertake further work please see our pricing structure, which gives a fixed price for each additional service so that you can "build" the MVL service you want