The shareholders of 1,580 companies decided to liquidate them and realise €6.5 billion in assets last year, according to data compiled by Joe Walsh Accountants and shared with The Currency. Such members’ voluntary liquidations (MVLs) occur when the owners of entities shut them down to recover their capital, as opposed to insolvency proceedings triggered by creditors or shareholders. The number of companies liquidating voluntarily in 2023 increased significantly, up from around 1,300 in 2022, but the value of assets realised was just 61 per cent of those in the prior year, the accountancy firm found. Although the value of assets…

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