Companies That Close Down

[StocktonLad70]

When a company is wound up, goes into administration, goes bankrupt, what happens to the company records and files, for example, personnel files, sales records, etc...

Are they destroyed, archived, passed to the new owner?

Thanks

[Buenchico]

See here:
https://www.insolvencydirect.bis.gov.uk/technicalmanual/Ch1-12/Chapter10/part6/part_6.htm