Case study 1
Grant Thornton were appointed liquidator to a multimedia company. The assets were realised at auction for an amount higher than the professional valuation. Fifteen employees of the company were made redundant and all their claims paid within six weeks. At the end of the liquidation a substantial dividend was paid to the preferential creditors.
Case study 2
Grant Thornton were appointed liquidator to a meat processing company in Co. Cavan. A related company went into receivership at the same time. The liquidator and the receiver jointly worked towards selling the assets of the two companies as one unit.
Case study 3
Grant Thornton were appointed liquidator to an international fraud investigation company. At the date of liquidation there was ongoing malpractice litigation proceedings in the US against a large US law firm. The company won the case and was awarded substantial costs and compensation. The company is now in a position to pay a dividend to unsecured creditors.