This note outlines significant events and decisions undertaken by the board and shareholders, since the end of the last financial year.
Due to irreconcilable differences among the shareholders, on 1 August 2024, they formally resolved to remove Nicholas Rhodes as a director of the Company. Following the passing of this resolution, the sole director of the Company, Debarshi Majumder, also supported by an ordinary resolution of the shareholders, resolved to cease trading operations and pursue a solvent winding-up of the Company.
As part of the process of winding-up the Company, all of its financial obligations, including trading liabilities, accruals, and any outstanding taxes due to HMRC, will be settled in full. Any assets remaining following the settlement of the Company’s liabilities will either be sold or distributed to the existing shareholders.
The Company has also issued notices to all current employees informing them of the dissolution of the Company and terminating their employment.
Once all conditions for the strike-off application are fulfilled, the Company will submit a Form DS01 to Companies House and proceed with the application to be struck off the register.