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Compulsory liquidation · 12 August 2026

Torsion Developments

Developer · Leeds · Yorkshire and the Humber · Part of Torsion

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What happened

TORSION DEVELOPMENTS LIMITED (company number 11327247), incorporated in 2018, entered compulsory liquidation on 12 August 2026. Its status at Companies House is now: liquidation.

Why it failed

Rising costs, slower sales of developments and site problems on thin margins made it loss-making, and HSBC's exit and Bibby's withdrawal of its facility squeezed working capital.

  • Main reason: Cost inflation
  • Market downturn
  • Losses on contracts
  • Delays
  • Cash flow
  • Funding withdrawn

Our summary of the reasons given in the administrators' proposals for Torsion Construction, another company in the group. These record the administrators' and directors' account of what happened.

A court orders the company to be wound up, usually after a creditor petitions because it is owed money. The company's assets are sold and the proceeds shared among creditors.

Timeline

The last accounts and payment report before the failure, then what happened, with the time between each.

  1. 31 December 2024

    Last accounts filed were made up to this date

    20 months later

  2. 12 August 2026

    Winding-up petition presented

    1 month later

  3. 29 September 2026

    Winding-up order made by the court

AccountsPayment reportInsolvency

Before it failed

The last accounts filed were full accounts made up to 31 December 2024, 19 months before it failed.

The full filing history, including any late filings, charges and director changes, is on Companies House.

Lessons learned report

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In the news

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