DKF have been appointed Liquidator over a property holding company which, after selling its freehold property in London, left net cash in the company of over £3.4m with a further small retention connected to the sale still to be realised, which is due for release next year.
Darren Wilson, Director at DKF said “the Shareholders (of which there were many) were pleased to receive the main First Distribution which was declared as planed within 7 days of the company being placed in Liquidation.”
“Our client was happy that we accomplished the whole process from appointment to distribution of cash funds with efficiency and speed” says Darren.
The Second & Final Distribution will take place in 2016 once the final retention from the sale has been released.
Darren Wilson FABRP MIPA