MCE Insurance Enters Creditors’ Voluntary Liquidation

MCE Insurance, once one of the UK’s leading motorcycle insurers, has officially entered Creditors’ Voluntary Liquidation (CVL). This significant development has attracted considerable attention across the insurance and insolvency sectors. For policyholders, creditors, and industry observers, the move is a sad moment for a firm that had operated in the UK insurance market for nearly 50 years.

In this blog, we’ll explore the key events that led to MCE Insurance’s CVL, the implications for creditors and customers, and what happens next. We’ll also discuss what a CVL involves and why this route may be the most suitable option for struggling businesses in today’s economic climate.

Who was MCE Insurance?

MCE Insurance was a Northamptonshire-based insurance broker, widely known for its focus on motorbike policies. Established in 1975, the company carved a niche for itself by sponsoring major motorcycle events and offering tailored cover for riders. For decades, MCE was a familiar name among biking enthusiasts, offering both direct insurance and acting as a broker for underwriters.


However, in recent years, the company faced growing pressures due to regulatory changes, increased competition, and operational challenges. In 2021, the Financial Conduct Authority (FCA) intervened and revoked the firm’s permissions to carry out regulated activities, including selling and renewing policies. That marked the beginning of the end for the broker, as it could no longer generate revenue through its primary function.

A Creditors’ Voluntary Liquidation (CVL) is a formal insolvency process initiated by the directors of a company when they realise the business is insolvent and is unable to pay its debts. Unlike a compulsory liquidation, which is forced upon a company by creditors via court order, a CVL is a director-led process, often seen as a more controlled and cooperative approach to closing a company while ensuring that creditor interests are managed fairly.


MCE Insurance Enters Creditors’ Voluntary Liquidation

Location: London, UK

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