De Merger of Companies

In August 2013 we undertook the solvent liquidation of two investment companies, owned and run by two families. The families wished to de merge the businesses and therefore we completed a s110 reconstruction.

Though this process two separate companies were formed and the business assets split between these new companies with new shares being issued to the shareholders of each company.

Distributions of both cash and property assets 'distribution in specie' (Latin for 'In Kind') were made to shareholders allowing for seamless continuity of trade.  

Recent amendments to the Insolvency Act now allow creditors to access reports via the officeholders website