Case study 1
Grant Thornton was appointed liquidator of a major manufacturer and supplier of household electrical goods whose shareholders had decided to wind down operations in Ireland. Trade debts were collected and creditors negotiated with and paid in full. The shareholders received a distribution of surplus funds in excess of what was anticipated at the outset.
Case study 2
Grant Thornton acted as liquidator of a company holding major property assets under construction in Ireland. The shareholders decided that from a business and tax point of view they wished to hold the property in their personal capacity. The liquidator was able to distribute the company assets in specie to the shareholders without converting the assets to cash.