The company had no registered employees in the previous year so there are no outstanding redundancy issues to conclude either.ĭepending on circumstances the process can be concluded in as little as ten working days but due to the Christmas and New Year holiday along with the star’s positive Covid-19 diagnosis, it has taken longer to proceed.Īnother key benefit of using an MVL to close your business is the tax benefit it bestows.ĭirectors can claim Business Asset Disposal Relief (BADR), which used to be known as Entrepreneurs Relief until April 2020. Taking such a career-defining opportunity on one of the BBC’s flagship properties means a big personal and professional commitment so he made the decision along with his agent Lisa Thomas, his co-director in Lola Entertainment, to voluntarily liquidate the company on December 15th 2020.Īccording to the latest filed documents with Companies House, Lola Entertainment had capital and reserves totalling £1.26 million with creditors owed £61,429.Īs the company is solvent and able to pay off creditors within a 12 month period, a Members Voluntary Liquidation (MVL) is the ideal vehicle for them to use to close the company and release cash and assets in the most efficient and orderly way. It was announced that Bishop had been cast in the 13th Season of Doctor Who as Dan, the Doctor’s latest companion. The company also co-produced critically acclaimed BBC hits such as the Detectorists, which won a BAFTA, and the new Worzel Gummidge series of specials.ĭespite being in a positive professional position, things were about to take another direction for Bishop’s career that would have ramifications for the company. He formed his own production company – Lola Entertainment – nine years ago which produced a number of his own projects including The John Bishop Show for BBC One John Bishop: In Conversation with… for UKTV and John Bishop’s Ireland for ITV. This is exactly what’s happened to popular comedian John Bishop.Īlong with selling out arenas and venues all over the country when fans were allowed to attend in person, Bishop is also a prolific television presenter. Not just in the negative sense – there can be positive surprises for businesses, owners and directors too.Ī company could be doing OK by itself but a new opportunity or change of direction might mean that suddenly much bigger things are on the horizon. You won’t need a TARDIS to solve this mystery
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