Solvent Liquidation of a Property Development Company

Background

Anexample Limited was a successful property development company, the director and owner had reached retirement age and had decided to close the business.

Insolvency Process

Initiation

Molly Monks of Parker Walsh was recommended to the director by a friend, and a meeting was arranged that week. The background of the company was discussed, and a solvent liquidation (a Members Voluntary Liquidation/MVL) was recommended as it was the best solution for the company and its owner.

Strategy

Parker Walsh consulted with the director and the company’s accountant and obtained all the information necessary; a convenient date was selected by the director for the company to enter into liquidation. Parker Walsh kept the director up to date with the progression of the liquidation and Molly Monks, a licensed Insolvency Practitioner, along with a designated case administrator, were always available to answer the director’s queries.

Recommendations

When a solvent company is selecting an insolvency practitioner to act as its liquidator, it is important to find a firm that suits your needs. At Parker Walsh, our prices are competitive, but we will still maintain a high level of service; we keep directors fully up to date of the progression of the liquidation and a licensed insolvency practitioner will always be available to answer any questions you may have.

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