“After careful consultation with the IRD [Inland Revenue Department] and a thorough review of recovery options, we determined that voluntary liquidation was the most responsible course of action.”
Liquidators Chris McCullagh and Stephen Lawrence, of PKF Corporate Recovery & Insolvency, have released their six-month report into the business’ state of affairs.
The pair identified $30,609 in accounts receivable in March, with $5115.33 collected from trade debtors as of September. A further $17,607.78 in cash assets were recovered, as well as refunds of $567.30…