Liquidation of Company Due to Fraudulent Activity of Parent Company

In the summer of 2006 we were appointed liquidator of a Gloucester based distribution company, whose German Parent company ceased trading because of of the discovery of fraudulent activities. As result the UK company was forced into liquidation and therefore sale as a going concern was not viable.

The company's assets were sold realising c£85k enabling a substantial dividend to be paid to preferential creditors.

 

 

 

 

We were recommended Byrne Associates and they were very professional at a very difficult time. Ruth explained all aspects of the procedure as well as costs. From the moment we decided to liquidate the company Byrne Associates took all the pressure off the directors. M Parrish (Director )