The Insolvency (England and Wales) Rules 2016

Liquidator’s duties on vacating office

7.73.—(1) A liquidator who ceases to be in office in consequence of removal, resignation or ceasing to be qualified to act as an insolvency practitioner in relation to the company, must as soon as reasonably practicable deliver to the successor as liquidator—

(a) the assets (after deduction of any expenses properly incurred, and distributions made, by the previous liquidator);

(b) the records of the winding up, including correspondence, proofs and other documents relating to the winding up while it was within the former liquidator’s responsibility; and

(c) the company’s documents and other records.

(2) Where the liquidator vacates office under section 172(8) (final report to creditors), the liquidator must deliver to the official receiver the company’s documents and other records which have not already been disposed of in accordance with general regulations in the course of the winding up.