When a share ceases to trade because the company has wound down, your position doesn't just vanish into thin air. You'll still technically hold those shares, but here's the kicker: their value can take a nosedive, often plummeting close to zero. So yeah, you'd be facing a substantial loss on your initial £200 investment per share. Now, the real deal here is understanding the nitty-gritty of the company's insolvency. It's not just a one-size-fits-all scenario. Factors like the company's assets, debts, and whether there's anything left for shareholders play a big role in what you might recover. To get a clearer picture and explore your options, I recommend reaching out to insolvency and restructuring practitioners. These folks are like financial detectives. They can dig deep into the company's financial situation and provide you with expert guidance based on the specifics.