A Notice of Appointment of Liquidator in a Voluntary Winding Up (Members or Creditors) refers to a legal document that announces the appointment of a liquidator in the process of voluntary winding up.

Voluntary winding up is a procedure initiated by a company when it decides to cease operations and liquidate its assets to repay its debts or distribute any remaining assets to its shareholders. There are two types of voluntary winding up: members’ voluntary winding up and creditors’ voluntary winding up.

The Notice of Appointment of Liquidator is issued when the members or creditors of the company have passed a resolution to wind up the company voluntarily. The notice announces the appointment of a licensed insolvency practitioner as the liquidator who will oversee the winding-up process.

The notice specifies whether it is a members’ voluntary winding up or a creditors’ voluntary winding up. In a members’ voluntary winding up, the company is solvent, and the shareholders decide to wind up the company voluntarily. The liquidator’s role is to realize the company’s assets, pay off its liabilities, and distribute any remaining funds to the shareholders.

In a creditors’ voluntary winding up, the company is insolvent, and the creditors are involved in the decision to wind up the company voluntarily. The liquidator’s primary responsibility is to gather and sell the company’s assets, settle the outstanding debts to the creditors as far as possible, and distribute any remaining funds to the creditors according to the statutory order of priority.

The Notice of Appointment of Liquidator provides information about the appointed liquidator, the date of appointment, and the type of winding up (members or creditors). It serves as a formal notification to creditors, shareholders, and other interested parties that the winding-up process has commenced and that the appointed liquidator will handle the affairs of the company during the liquidation process.

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