LIQUIDATION_

CRESCO ACCOUNTING provides liquidation services to free zone companies, offshore companies as well as limited liability companies across UAE_

We help you to end it properly_

We have a team of highly experienced practitioners who regularly work on various type of liquidations.

Our liquidation experts provide clients with a straight-forward and cost effective process that brings the company to an orderly end while providing formal closure and certainty to the affairs of the company.

In order to provide our services we generally require that an entity is solvent and able to pay its debts, in good standing with government authorities; able to sign indemnity in favour of the appointed liquidator and not subject to any pending litigation.

In the due course of a liquidation, CRESCO Accounting can rely on the support of its sister companies: Hensley&Cook, the specialists in providing Corporate Services can help us handling the closing of companies with all power of attorneys and other documentation required.

In case of outstanding Account Receivables, CRESCO Accounting can count on the help of SmartMoney when it comes to collect the money, and CRESCO Legal can help in case of check cases with banks or other legal issues.

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OUR LIQUIDATION SERVICES_

01 Preparation of
Liquidation Plan

02 Provision of a liquidator for a simple voluntary liquidation

03 Provide advise on voluntary liquidation vs. strike off

04 Provide advise on questions of complex insolvency law

05 Preparation of appropriate documentation for company strike - off

Everything has to come to an end, sometime_

This wise saying of L. Frank Baum reflects the truth for all companies, even the very large ones. Take the example of one of the first transnational companies, the Dutch VOC: founded in 1602 it was liquidated end of 1799, just a day before the year 1800.

Our experts guide you through the sad but necessary steps to close a company properly, leaving all people involved without unnecessary risk and liabilities. One door closes and another opens, but make sure, that the door is properly closed and that no ghosts from the past will hunt you.

The experts of CRESCO Accounting help you to prepare for discussions with lenders and can help you brokering deals with banks and other stakeholders. We are the knowledgeable and understanding partner at your side.