The company was engaged in share trading and had built up significant reserves at the time that the directors decided to cease trading. This was one of the largest appointments in terms of monetary value of assets that the department has dealt with.
The company was referred to SFP from its accountants. Members of the MVL team met with the directors on several occasions to gather information and ensure that they were completely confident in choosing SFP to conduct their liquidation. The liquidation was conducted efficiently and was closed within 12 months.
The members of the company received distributions at the earliest opportunity and the liquidation was concluded following completion of all statutory matters.