Case Studies/Hospitality/DELI-LITES (NEWRY) LIMITED
Compulsory liquidation

DELI-LITES (NEWRY) LIMITED

Deli-Lites (Newry) Limited, a hospitality business incorporated on 2 November 2000 and based in Belfast, entered compulsory liquidation on 3 April 2026. The winding up order was made by the court under section 122 of the Insolvency Act 1986, as recorded in Gazette Notice 5097279.

Key facts
Company no.NI039576
SectorHospitality
Incorporated2 Nov 2000
Reg. officeBelfast BT2
Appointed3 Apr 2026
The timeline · incorporation → liquidation
2 Nov 2000
Incorporated
Registered as NI039576. Hospitality.
29 Jun 2001
Board changes begin
First of the director resignations before failure.
23 Feb 2005
Charge registered
Mortgage or charge granted to The Governor and Company of the Bank of Ireland.
15 Sep 2006
Charge registered
Debenture granted to The Governor and Company of the Bank of Ireland.
15 Feb 2010
First accounts filed
accounts-with-accounts-type-total-exemption-small
31 Jan 2017
Charge registered
A registered charge granted to The Governor and Company of the Bank or Ireland.
21 Mar 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 5097279 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 5097279
EditionThe Gazette
Appointed byThe court
UnderInsolvency Act 1986, s.122
Filing trajectoryLate filing
Incorporated2 Nov 2000
Last accounts21 Mar 2025
Confirmation stmtFiled
Account typeMicro-entity
Director stabilityBoard churn
Appointments4 since 2000
Resignations0 in final 12 mths
Active directors2
Avg tenure12.7 yrs
Charges & secured creditorsFloating charge
Charges3 registered
InstrumentA registered charge
HolderThe Governor and Company of the Bank or Ireland
Registered31 Jan 2017
Statusoutstanding

Lessons behind the liquidation

01
Board stability does not guarantee immunity from court intervention

Despite an average director tenure of 12.7 years and zero resignations in the final 12 months, the two active directors could not prevent a compulsory liquidation. This shows that long-term governance continuity is no shield against critical financial distress when a court-ordered winding up is initiated under section 122 of the Insolvency Act 1986.

02
The limitations of micro-entity reporting in assessing financial health

The company filed micro-entity accounts as recently as 21 March 2025. While compliant with statutory requirements, the limited disclosures inherent in micro-entity filings can obscure escalating cash flow pressures from external observers until the court intervenes.

03
Secured debt structures persist through structural distress

Outstanding charges dating back to 31 January 2017, held by The Governor and Company of the Bank or Ireland, remained active at the point of liquidation. This indicates that long-standing secured debt arrangements can remain unresolved even as a company moves towards a compulsory winding up.

Pattern context

This case represents a pattern where long-established trading entities with stable board structures and active secured debt lines are abruptly brought to an end through creditor-led court petitions rather than voluntary restructuring.

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 DELI-LITES (NEWRY) LIMITED.