I don't think they will do anything unlawfully with the funds or with closure / insolvency process - whichever comes first!

As I understand it one of the directors (not the father) is a practicing accountant, for which he has spent many years studying. If they were to do anything unlawful on exit then he would not be able to a) be a company director for a number of years, or b) lawfully practice as an accountant ever again.

I think if anything these guys will close down legitimately, however that said I don't believe there will be any funds/assets left to distribute to creditors as any cash they did have has been spent at Dexcel/Foundry.