This is where a company is placed into liquidation as a result of an application to the Court, usually by a creditor. The Official Receiver is always the initial liquidator and conducts the investigation of the directors conduct.

Once a winding-up order is made, the Official Receiver becomes the liquidator. The Official Receiver is a civil servant and an officer of the court. The Official Receiver must decide within twelve weeks of the winding-up order whether to call a meeting of creditors to appoint a licensed insolvency practitioner to act as liquidator. In certain circumstances the Department for Business Innovation and Skills (BIS) or the court may make such an appointment.

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Specific advice should be obtained before taking action, or refraining from taking action, on any of the issues covered above.

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