Case Studies/Healthcare/CORE PHYSIOTHERAPY LIMITED
Compulsory liquidation

CORE PHYSIOTHERAPY LIMITED

Core Physiotherapy Limited, a Belfast healthcare company incorporated on 5 August 2010, entered compulsory liquidation on 3 April 2026. The winding-up process was initiated under section 122 of the Insolvency Act 1986 by a court appointment. This action concluded a period of operation dating back to 2010 under a highly stable leadership structure.

Key facts
Company no.NI603983
SectorHealthcare
Incorporated5 Aug 2010
Reg. officeBelfast BT4
Appointed3 Apr 2026
The timeline · incorporation → liquidation
5 Aug 2010
Incorporated
Registered as NI603983. Healthcare.
31 Aug 2010
Charge registered
Rent security deposit deed granted to Linette Developments Limited.
16 Jan 2012
First accounts filed
change-account-reference-date-company-previous-extended
24 Dec 2025
Latest accounts filed
accounts-with-accounts-type-micro-entity
3 Apr 2026
Wound up by the court
Compulsory liquidation.
3 Apr 2026
Gazette notice published
Notice 5097664 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 5097664
EditionThe Gazette
Appointed byThe court
UnderInsolvency Act 1986, s.122
Filing trajectoryLate filing
Incorporated5 Aug 2010
Last accounts24 Dec 2025
Confirmation stmtFiled
Account typeMicro-entity
Director stabilityBoard churn
Appointments1 since 2010
Resignations0 in final 12 mths
Active directors1
Avg tenure15.7 yrs
Charges & secured creditorsFloating charge
Charges1 registered
InstrumentRent security deposit deed
HolderLinette Developments Limited
Registered31 Aug 2010
Statusoutstanding

Lessons behind the liquidation

01
The limits of micro-entity reporting

The company filed micro-entity accounts as recently as 24 December 2025. While micro-entity reporting reduces administrative burdens, it provides minimal public visibility into a company's true balance sheet health, meaning that onlookers have little warning of financial distress prior to court intervention.

02
Directorship stability does not prevent insolvency

With a single active director serving since 2010 and an average tenure of 15.7 years, the leadership of Core Physiotherapy Limited was exceptionally stable. This shows that long-term managerial continuity and a lack of boardroom churn do not guarantee immunity from terminal financial challenges.

03
Unresolved historic charges

An outstanding charge in the form of a rent security deposit deed was registered on 31 August 2010 with Linette Developments Limited. Secure liabilities linked to property tenancies can persist throughout the entire lifecycle of a company, complicating the final asset distribution during a compulsory winding-up.

Pattern context

This case reflects a common pattern where long-established local businesses with stable directorships and compliant filing histories are abruptly brought to an end by court-ordered compulsory liquidation.

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 CORE PHYSIOTHERAPY LIMITED.