EAST RIDING POWER TOOLS LTD — Liquidation
The Chapel, Bridge Street, Driffield, YO25 6DA Principal trading address: Units Y &…
EAST RIDING POWER TOOLS LTD is in liquidation — here's what happens next
EAST RIDING POWER TOOLS LTD is being wound up. A liquidator (a licensed insolvency practitioner) has been appointed to sell the company's assets, distribute the proceeds to creditors in the statutory order, and ultimately dissolve the company. Unlike administration, there is no attempt to rescue the business — the goal is orderly closure. Trade contracts, leases and employment contracts are typically terminated. Assets — plant, stock, intellectual property, customer lists, property — are usually sold individually or as a package, often at speed and at a discount. Directors' conduct is reviewed as part of the process.
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EAST RIDING POWER TOOLS LTD — liquidation FAQs
Q.Can I buy EAST RIDING POWER TOOLS LTD's assets out of liquidation?
Yes. In a liquidation the liquidator sells the company's assets — plant, stock, IP, customer lists, property — to pay creditors. You can approach the appointed insolvency practitioner to register interest and receive an information pack. Deals typically move in days, not months, and are sold "as seen" with no warranties.
Q.What happens to EAST RIDING POWER TOOLS LTD's employees?
Employment contracts typically end when the liquidator is appointed. Employees become preferential creditors for unpaid wages, holiday pay, and pension contributions (up to statutory caps) and can claim the balance from the Redundancy Payments Service.
Q.Who is handling EAST RIDING POWER TOOLS LTD's liquidation?
The appointed insolvency practitioner's name and contact details are published in the official Gazette notice linked at the top of this page. Read the notice, then contact their firm directly.
Q.How long does liquidation take?
A UK liquidation typically takes 12–24 months to complete, but asset sales usually happen in the first few months so the liquidator can start distributing proceeds to creditors.