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 Company liquidation

A client acquired a company in a difficult market and despite their best efforts the company went into liquidation and the client found that much of the required accounting information was missing. The evidence they had, pointed to a £20,000 debt.
Ella was bought in to investigate the accounts and try to resolve the issues with the liquidator. So, she reviewed and rebuilt the accounts using invoices, bank statements, receipts and wage information; addressed debt allegations with newly updated data; presented the arguments to the liquidator disputing the debt and confirmed that the debt claim was in fact inaccurate. In the end, she discovered that the client did not owe £20,000 but was actually owed £5,000!