快速查题-ACCA英国注册会计师试题

Aspin is the Finance Director of Getz Ltd. The company has recently gone through a severe downturn in its business and has failed to pay some of its creditors. Six weeks ago, one of the company's creditors, Aero Ltd, made a written demand for the payment of £900. Aspin believes that Getz Ltd may be the subject of a compulsory liquidation order and seeks advice, he is particularly concerned about the effect of a compulsory liquidation on the following matters: 

(1) The sale of a company office building that is currently being advertised 

(2) A threatened legal action by one of Getz Ltd's suppliers against the company

 (3) The company's employees 

(4) A number of floating charges that are secured against company inventory 

On the advice of his accountant, Mat registered a private limited company to conduct his small manufacturing business. The initial shareholders of the company were Mat, his wife Mary, and her father Norm, who each took 1,000 shares in the company, each with a nominal value of £1. The accountant explained that they did not have to pay the full nominal value of the shares at once, so they each paid only 25p per share taken. 

Unfortunately the business has not proved successful and Mat and the other shareholders have decided that it is better to liquidate the company rather than run up any more debts. The current situation is that the company's land is worth £20,000 (secured with a £20,000 loan) and it has further assets to the value of £7,750, but it has debts to business creditors of £10,000 and owes the bank a further £10,000 on its bank overdraft.