A Notice of Termination of Appointment of Provisional Liquidator refers to a legal document that signifies the end of the appointment of a provisional liquidator for a company.

A provisional liquidator is a licensed insolvency practitioner appointed by the court on an interim basis to take control of a company’s affairs and assets in certain circumstances. The appointment of a provisional liquidator typically occurs when there is a concern that the company’s assets are at risk or when urgent action is required to protect the interests of creditors.

The Notice of Termination of Appointment of Provisional Liquidator is issued when the provisional liquidator’s role and responsibilities have been fulfilled, or when the court determines that the appointment is no longer necessary. This notice informs creditors, shareholders, and other interested parties that the provisional liquidator’s involvement in the company has come to an end.

The notice typically includes details such as the date of termination of the provisional liquidator’s appointment and any significant outcomes or actions taken during the period of their appointment. It serves as a formal notification that the company is no longer under the control of the provisional liquidator, and the directors regain control over the company’s affairs.

Upon the termination of the provisional liquidator’s appointment, the company may transition to another insolvency procedure, such as voluntary liquidation or administration, or continue its operations under the control of its directors. The notice does not necessarily indicate the company’s financial stability or its ability to recover from financial distress.

Creditors, shareholders, and other interested parties should carefully review the Notice of Termination of Appointment of Provisional Liquidator to understand the implications for the company and any further steps or actions that may be required.

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