The items 208,209,210,211 and 212 of the Insolvency Act 1986 sets out the responsibilities of managers in the event of liquidation of the company.

There are civil and criminal penalties may be imposed against directors who abuse the privilege of limited liability
Civil

When a company subject to a procedure of administrative management or receivership or enters into liquidation, if a director acts in a manner unbecoming to his office shall be disqualified to serve as directors or participate in the management of a company for a period of two to fifteen years.

In the settlement, the judge may sentence a director to contribute to the assets of the company when it is satisfied that the director, knowing that the company was insolvent, has maintained trade relations to the detriment of creditors.
Penal

In the case of companies in liquidation, the Insolvency Act 1986 (Insolvency Act) makes several offenses, for which a manager can be prosecuted. It is also possible to prosecute directors for breach of company law and any other criminal conduct can be proved, for example those contained in the Offences against property (Theft Act

Given that the company has sold assets within two years less than the liquidation, has not submitted annual accounts, etc, etc should apply to the liquidator - official receiver-applying these accounts?