Business terms and jargon explained. Your business dictionary

What is Winding up

This is a process under the Insolvency Act 1986, where a company ceases trading either voluntary or is ordered to by the UK courts. A liquidator would be appointed to disposes of the assets and collect money from the debtors to be distributed to the creditors, employees and shareholders. The company’s liquidation will be recorded at companies’ house on the register.

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Subsidiary	Consumer	Notice board terms of use	Contempt of Court
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Codicil	Taka	CHIP and PIN	Perquisite (perk)
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Term created / updated 2005-07-16 23:12:15

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