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.

 

 

 

 

I approached liquidation with trepidation not knowing what to expect after having run the business for 30 years. I was led gently through the procedure without embarrassment or pressureDirector of boutique clothing store