Woodbois Limited Faces Court Liquidation Order and Appointed Official Receiver in Guernsey as Shareholders and Creditors Brace for Impact

A winding-up order has been issued against Woodbois Limited, a company registered in Guernsey under company number CMP52184.

The decision was made on 4 March 2026, marking the formal start of the company’s liquidation process.

Following the court’s ruling, the Official Receiver has been appointed as the liquidator, taking full responsibility for overseeing the winding up of the business and managing its affairs in line with legal requirements.

Role of the Official Receiver in the Liquidation Process

The Official Receiver will now carry out the liquidation in accordance with statutory duties.

This includes identifying and realising the company’s assets, as well as distributing any available funds to creditors according to the legal order of priority.

Beyond handling assets, the Official Receiver is also tasked with investigating the reasons behind the company’s failure.

This includes examining the actions and conduct of both current and former directors to determine whether any wrongdoing or mismanagement contributed to the collapse.

What This Means for Shareholders

Woodbois Limited was previously listed on the Alternative Investment Market (AIM).

However, trading in its shares has already been suspended following a notice of cancellation of its admission to trading in November 2025.

As a result, shareholders are no longer able to buy or sell shares in the company.

Under insolvency law, there is a strict hierarchy for payments during liquidation.

Shareholders fall at the very end of this priority list, meaning they are unlikely to receive any financial return unless all higher-ranking claims—such as those of secured creditors, employees, and unsecured creditors—have been fully satisfied.

Warning on Share Scams

Shareholders are being cautioned to stay alert to third parties offering to help dispose of their shares for a fee.

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Authorities advise exercising extreme care when dealing with such offers.

The Financial Conduct Authority (FCA) provides guidance on identifying and reporting share scams, helping investors avoid falling victim to fraudulent schemes.

How Creditors Can Register Their Claims

Individuals or organisations who are owed money by Woodbois Limited must formally register as creditors to be considered in the liquidation process.

This applies in several situations, including:

• If goods or services were supplied but not paid for
• If payment was made for goods or services that were never delivered
• If the claimant is a shareholder

To submit a claim, creditors are required to complete a Proof of Debt form and send it by email to: piu.or@insolvency.gov.uk using the subject line LQD08002109 Proof of Debt.

Communication and Updates for Creditors

Due to the large volume of correspondence expected in this case, individual acknowledgements for submitted claims or update requests will not be provided.

Instead, creditors will receive updates through official reports issued by the Official Receiver under Rule 7.48 of The Insolvency (England and Wales) Rules 2016.

Impact and Consequences

The liquidation of Woodbois Limited carries significant implications for all parties involved.

Creditors may recover only a portion of what they are owed—or potentially nothing—depending on the value of the company’s remaining assets.

For shareholders, the outlook is even more uncertain, with the likelihood of any financial return being extremely low.

The appointment of the Official Receiver also signals a thorough review of the company’s management.

If any misconduct or breaches of duty are uncovered, further legal action could follow against responsible individuals.

What’s Next?

The Official Receiver will continue the liquidation process by investigating the company’s financial position, selling assets, and handling creditor claims.

This process can take months or even years, depending on the complexity of the company’s affairs.

Creditors should ensure their Proof of Debt forms are submitted correctly and wait for official updates through the designated reporting channels.

Meanwhile, shareholders will need to accept the high probability that their investment may not yield any return.

Summary

Woodbois Limited has entered liquidation following a court order, with the Official Receiver appointed to manage the process.

The company’s shares are no longer tradable, and shareholders are unlikely to receive payouts.

Creditors are encouraged to register their claims formally, while remaining updates will be communicated through official insolvency reports.

Bulleted Takeaways

• Woodbois Limited was placed into liquidation on 4 March 2026
• The court appointed the Official Receiver as liquidator
• The company was previously listed on AIM, with trading suspended in November 2025
• Shareholders are at the lowest priority and unlikely to receive any payment
• Creditors must submit a Proof of Debt form via email to register claims
• The Official Receiver will investigate the company’s failure and director conduct
• No individual responses will be sent due to high correspondence volume
• Updates will be issued through official insolvency reports under UK rules