Liquidators have been appointed to Sea Glass Limited following a successful petition from HMRC for the Port Seton-based company to be wound up.
James Alexander Dewar of Edinburgh-based Interpath was appointed liquidator by Edinburgh Sheriff Court.
A winding-up petition from HMRC is a legal demand to the court to close down a company that is insolvent, typically due to unpaid taxes like VAT, PAYE, or corporation tax.
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If successful, the petition forces the company into compulsory liquidation, and in the process, freezes the firm’s bank accounts, halts trading, and forces the sale of assets to pay creditors.
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