15 November 2006
My clients are a limited company and its director/shareholders. The company has made trading losses for the past few years and the directors want to call it a day, but have been unable to sell the company itself. The company owns its business premises which are standing at a substantial capital gain and could easily be sold and they have received an offer of £25,000 for their client database. The directors would then settle the company debts, distribute the balance and apply for the company to be struck off.
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