Creditors' voluntary liquidation · 5 July 2023
Crownfold
Civil engineering · Newcastle upon Tyne · North East England
What happened
CROWNFOLD LIMITED (company number 02342225), incorporated in 1989, entered creditors' voluntary liquidation on 5 July 2023. Its status at Companies House is now: liquidation.
The directors and shareholders decide to close an insolvent company. A liquidator sells its assets and shares the proceeds among creditors.
Timeline
The last accounts and payment report before the failure, then what happened, with the time between each.
31 August 2021
Last accounts filed were made up to this date
23 months later
5 July 2023
Creditors' voluntary liquidation started (shareholders resolved to wind up)
AccountsPayment reportInsolvency
Before it failed
Key figures
- Owed to unsecured creditors (estimated), as at 30 June 2023
- £308k
- of which trade creditors £189k. HMRC owed £1.2m. a further £530k owed to its lenders. Expected return to unsecured creditors: none expected
- Statement of affairs (liquidation)
The last accounts filed were full accounts made up to 31 August 2021, 22 months before it failed. Private companies have nine months after their year end to file, so a gap of more than 21 months usually means the next accounts were overdue, one of the warning signs worth checking for.
The full filing history, including any late filings, charges and director changes, is on Companies House.
Lessons learned report
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