Key Findings
This report presents the first large-scale empirical analysis of Members’ Voluntary Liquidation (MVL) outcomes in England and Wales. Commissioned by the Insolvency Service, through fair and open procurement, the research examines 2,309 MVL cases commenced between 2015 and 2024 across three dimensions: efficiency, effectiveness and open cases. The key findings based on the sample analysed are outlined below.
-
Creditors were paid within 12 months in 95% of closed cases.
-
The median duration of a completed MVL is 478 days, approximately 16 months (including the 90-day waiting period before dissolution).
-
The median cost of an MVL is 1.8% of assets realised.
- …