For liquidators
The last assets, before the company can be closed.
A liquidation cannot be concluded with assets remaining on the balance sheet. We handle the disposal and deliver the documentation the final accounts require.
The duty — and why how must be demonstrable
The Companies Act does not compel a public auction. The liquidator may also sell by other suitable means — but the Act names the auction first, and whoever forgoes it must account for that choice. The auction needs no defence; the alternative route does, and a judgement is substantiated only by the documentation that existed when it was made.
”As soon as practicable, the liquidator shall, through a sale at public auction or by other suitable means, convert the company’s assets into cash, to the extent required for the liquidation, and pay the company’s debts.” Aktiebolagslag (2005:551) 25 kap. 35 §
The review is, moreover, built into the process and occurs every time: the final accounts are submitted to the company’s auditor, who within one month reviews the liquidation in its entirety (25 kap. 40 §) — and the liquidator takes the place of the board and bears its liability in damages (25 kap. 30 §, 29 kap. 1 §). The question ”why was no public auction held?” is not answered by a receipt: the receipt shows the price, which is precisely what is being tested. The only thing that answers it is that the assets were widely offered and that the price was the best that came in — which is exactly what Budgiv documents.
How it works
- You send the inventory list. Or a brief description of what is to be disposed of.
- We divide it into sale lots — each item that warrants its own reserve price — and select channels per lot.
- Publication across all selected channels, over the same period.
- The bids are collected and time-stamped, channel by channel.
- You decide. The documentation is issued — a signed, hash-linked and qualified time-stamped Realisation Report that anyone can verify, without an account and without contacting us.
Frequently asked questions
Must I hold a public auction?
No. The Companies Act lets the liquidator sell at public auction or by other suitable means (25 kap. 35 §). But the Act names the auction first, so whoever forgoes it must be able to show that the alternative route was suitable — and that is precisely the documentation Budgiv delivers.
Does the documentation hold up when the auditor reviews the final accounts?
Yes. The Realisation Report is signed and verifiable per sale lot, and can be examined by the auditor, a shareholder or a court without an account and without contacting us. It shows that the lot was widely offered across several independent channels and that the price was the best that came in. Verify a report →
I take the place of the board and bear its liability. Does this protect me?
The question ”why was no public auction held?” is not answered by a receipt — the receipt shows the price, which is precisely what is being tested. It is answered by the assets having been openly offered and by the price being the best that came in. The report documents both, so that the judgement is substantiated by the documentation that existed when it was made.
What does it cost, and can the fee eat into the surplus?
No. The fee is fixed per sale lot before the first bid is placed, independent of the final price. It therefore never competes with what is to be distributed to the shareholders. See the price per sale lot →
What happens to lots that are not sold?
The report still shows that the lot was offered across several independent channels during the stated period, without any bid coming in. That documentation cannot be obtained after the fact, and it supports the final accounts just as much as a completed sale does.
Ninety seconds, no account. Tell us briefly what is to be sold, and we will get back to you with proposed channel choices, how the assets are divided into sale lots, and a price.
Describe the company’s assets