By 1894, income had dropped to £285, and a proposal was made to wind up the company as it was insolvent.
At this meeting, resolutions for winding up the company are passed, along with the appointment of a liquidator.
The liquidation commences when the members pass a resolution in a general meeting to wind up the company.
They were keen to go into production but the Portable Tool directors decided to wind up the company.
Alternatively, you can make an application to a County Court that has the authority to wind up the company.
Creditors voted to wind up the company in June 2010.
A resolution to wind up the company was made on the same day.
There was also no way to wind up the company.
In December 2007 liquidators were appointed to wind up the company.
Who acts as the liquidator when an order is made to wind up the company?
