Company floated to avoid liquidation (5,3)
I believe the answer is:
noahs ark
If this is the answer I cannot explain how the clue works.
Can you help me to learn more?
(Other definitions for noahs ark that I've seen before include "It landed on Ararat" , "Old Testament boat" , "Old ship" , "Has Koran got converted to biblical boat?" , "Transport ship" .)