A winding-up process for FICL Ltd is set to be completed after the company’s liquidator confirmed no remaining funds. Kenneth Joaquin, the official receiver and provisional liquidator, has informed the Registrar of Companies that FICL does not have enough assets to cover its closure costs and no further investigations are needed.

This announcement kicks off a 28-day window during which creditors or shareholders can raise concerns, such as undistributed assets or the need for more probing into the company's affairs.

If nothing changes, Joaquin will apply to formally dissolve the company. Once submitted, FICL will be officially struck off the registry after three months.

Unless someone comes forward within the next month, FICL Ltd will soon disappear from the Companies Register and officially cease to exist.

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