I have asked Mc Grath Nicol to respond to this question. When a...

I have asked Mc Grath Nicol to respond to this question. When a company is brought out of administration, another party which may be connected to the old business-has agreed to buy certain assets of the company and continue trading. The old company now stripped of it's valuable assets will be liquidated and will cease to exist as a legal entity going forward. Will provide the response when received.