SMEs should avoid going into expensive liquidation. The liquidation fees itself is very expensive. The simpler alternative is to do a Strike Off which really cost $0/=, yes zero dollars, if you meet the criteria and if you know how to go about it.
Stay tuned... I will take time to explain more, need some time.
Meanwhile, do consider attending our SkillsFuture Claimable, 2-Days Training on Do Your Own Company Accounts, Secretarial & Tax, which I will also briefly explain about Strike Off.