Case Studies/Construction/BELUGA GROUP LTD
Compulsory liquidation

BELUGA GROUP LTD

Beluga Group Ltd, a Stockport construction company incorporated on 15 Nov 2016, has entered compulsory liquidation under section 122 of the Insolvency Act 1986. The Gazette records the process as court appointed, under Notice 5142666, with first failure dated 28 May 2026.

Key facts
Company no.10480247
SectorConstruction
Incorporated15 Nov 2016
Reg. officeStockport SK4
Appointed28 May 2026
The timeline · incorporation → liquidation
15 Nov 2016
Incorporated
Registered as 10480247. Construction.
9 Nov 2017
Charge registered
A registered charge granted to Pmj Capital Limited.
12 Mar 2018
Charge registered
A registered charge granted to Pmj Capital Limited.
10 Aug 2018
First accounts filed
change-account-reference-date-company-current-shortened
18 Oct 2018
Charge registered
A registered charge granted to Pmj Capital Limited (Company Number 09485153).
12 Nov 2018
Charge registered
A registered charge granted to Seneca Bridging LTD.
12 Nov 2018
Charge registered
A registered charge granted to Seneca Bridging LTD.
12 Nov 2018
Charge registered
A registered charge granted to Pmj Capital Limited (Company Number 09485153).
28 Feb 2019
Charge registered
A registered charge granted to Pmj Capital Limited (Company Number 09485153).
20 Jun 2019
Charge registered
A registered charge granted to Pmj Capital Limited (Crn: 09485153).
19 Mar 2020
Charge registered
A registered charge granted to Pmj Capital Limited.
21 Sep 2022
Charge registered
A registered charge granted to Pmj Capital Limited.
21 Sep 2022
Charge registered
A registered charge granted to Pmj Capital Limited.
27 Nov 2025
Latest accounts filed
accounts-with-accounts-type-total-exemption-full
22 May 2026
Board changes begin
First of the director resignations before failure.
28 May 2026
Wound up by the court
Compulsory liquidation.
28 May 2026
Gazette notice published
Notice 5142666 in The Gazette.

What the data was telling us

Readings from The Gazette and Companies House, in the firm's final two years.

Insolvency statusCompulsory
StatusCompulsory liquidation
Gazette refNotice 5142666
EditionThe Gazette
Appointed byThe court
UnderInsolvency Act 1986, s.122
Filing trajectoryLate filing
Incorporated15 Nov 2016
Last accounts27 Nov 2025
Confirmation stmtFiled
Account typeFull
Director stabilityBoard churn
Appointments2 since 2016
Resignations1 in final 12 mths
Active directors1
Avg tenure7.3 yrs
Charges & secured creditorsFloating charge
Charges11 registered
InstrumentA registered charge
HolderPmj Capital Limited
Registered21 Sep 2022
Statusoutstanding

Lessons behind the liquidation

01
Court intervention marks the decisive step

The insolvency status is recorded as compulsory liquidation, appointed by the court and published in The Gazette. That tells us the process moved beyond routine administration and into a formal winding up under the Insolvency Act 1986.

02
Filing compliance does not prevent insolvency

The record shows full accounts filed on 27 Nov 2025 and a confirmation statement filed. Public filings can remain in order while a company still reaches insolvency, so statutory compliance and solvency are separate questions.

03
A long-serving board can still face liquidation

The company had an average director tenure of 7.3 yrs, with 2 appointments since 2016 and 1 resignation in the final 12 mths. That suggests continuity at board level, but the public record also shows that continuity alone is not a safeguard against insolvency.

Pattern context

This resembles a construction-sector insolvency pattern where formal filings and a relatively settled director base coexist with a later court-led liquidation, pointing to strain that only becomes visible once the statutory process begins.

Indicative basis · modelled across LIQUI's corpus, indicative, not predictive
The full forensic report

Every charge, every filing, every appointment, in one dossier.

Director histories across related entities, the full debenture instrument, creditor estimates, and the practitioner's record on comparable cases for BELUGA GROUP LTD.