This is an informal term for a situation whereby the assets of a company are sold on its liquidation. Quite often those assets are used to start trading a new company, in some cases owned and managed by the original owners / managers of the “old” company.
In this situation, to ensure that the price paid for the assets sold reflects their true worth, a professional valuation is obtained. This protects both company creditors and also ensures there is no criticism of the directors.
If you wonder if this is appropriate for your company, click on contact or phone 01302 572 701 for free advice.