Subsea Services Limited is listed as a company that deals with “engineering related scientific and technical consulting activities.”
But a resolution to voluntarily wind up the firm was passed during a meeting at the company’s office on 20 Bracken Road, near Duloch Park.
Steven Wright, Licensed Insolvency Practitioners were appointed as liquidators on July 15.
Liquidation is the process of closing a limited company, selling the assets to pay off debts and dissolving the company from the official register at Companies House.
In short it will stop doing business and employing people, although only one person worked for Subsea as off March last year.
In general terms liquidation is the process a company…