2 minutes

A Notice of Appointment of Liquidator (Compulsory) refers to a legal document that signifies the appointment of a liquidator to oversee the winding-up and liquidation process of a company through a compulsory liquidation.

Compulsory liquidation is a formal insolvency procedure that occurs when a company is forced into liquidation by a court order. It is typically initiated by creditors or other interested parties who have filed a winding-up petition against the company due to its inability to pay its debts.

When the court grants the winding-up petition and issues a compulsory liquidation order, a liquidator is appointed to take control of the company’s affairs. The appointed liquidator’s primary role is to realize the company’s assets, distribute the proceeds to creditors, and wind up the company’s affairs in an orderly manner.

The Notice of Appointment of Liquidator (Compulsory) serves as a formal notification to creditors, shareholders, and other interested parties that a liquidator has been appointed to oversee the liquidation process. It provides details about the liquidator’s appointment, such as their name, contact information, and the date of appointment.

The notice may also include information about any upcoming meetings or deadlines for creditors to submit their claims, as well as instructions for creditors and shareholders on how to communicate with the liquidator and participate in the liquidation process.

It is important for creditors, shareholders, and other interested parties to carefully review the Notice of Appointment of Liquidator (Compulsory) as it signifies the commencement of the compulsory liquidation process. They should take note of any actions or requirements specified in the notice, such as submitting proofs of debt or attending creditor meetings, to ensure they can participate effectively in the liquidation proceedings.

These notices are filed with Companies House against the registered company number. All UK company liquidation notices and updates are tracked centrally by Doorda.