DIY Members Voluntary Liquidation

[JML123]

Hi Has anyone experience of doing this themselves. I forgot to file the Nard and rather than pay fine and then pay for an auditor to audit accounts I saw in an older thread that a MVL might be an option. Its a dormant company and has been for some time.

Everything in the process seems straightforward except for the role of the independent person.
I am confused as to who this can be.

Any hints would be greatly appreciated.

 

[Jim Stafford]

Under the Companies Acts you have to appoint an independent liquidator, who must have no previous connection with the company. As part of the process you will also need an independent auditor to sign off on the independent accountant's report.

Jim Stafford

 

[JML123]

Under the Companies Acts you have to appoint an independent liquidator, who must have no previous connection with the company. As part of the process you will also need an independent auditor to sign off on the independent accountant's report.

Jim Stafford

Thanks Jim, so do I need 3 independents (liquidator, auditor and accountant)

 

[dublin66]

No, your own auditor can prepare the statement of affairs and the liquidator is the second person. If you are audit exempt ensure that your accountant has an audit certificate. This latter certificate is necessary for the statement of affairs but not unaudited accounts.

 

[Jim2007]

Hi Has anyone experience of doing this themselves. I forgot to file the Nard and rather than pay fine and then pay for an auditor to audit accounts I saw in an older thread that a MVL might be an option. Its a dormant company and has been for some time.

As far as I remember you will have to bring all the company office stuff up to date before you can do anything else in any case.

 

[Jim Stafford]

One of the advantages of a MVL is that you do not have to bring filings at CRO up to date. We have liquidated companies that are on the strike off list, and the companies did not have to bring their filings up to date.

Jim Stafford