The team worked hard to reach an agreement, which would allow the newly incorporated company to acquire certain assets, whilst maximising realisations for the benefit of the liquidation. To date, we have made realisations in excess of £122,021. Creditors’ will now be provided with formal notice of the Liquidator’s intention to declare a dividend, and the outlook for trade creditors’ is positive.
Careful consideration must be given to all options available to a financially distressed business. For more advice, fill out our Contact Form and we will be in touch. Alternatively, call our FREE ADVICE LINE on 0800 781 0990.