Case Studies/Construction/DREAMCON LIMITED
Creditors' voluntary liquidation

DREAMCON LIMITED

Dreamcon Limited, of Chorley, was incorporated on 19 May 2017 and later entered creditors’ voluntary liquidation under the Insolvency Act 1986, s.100 and s.109. The Gazette notice, number 5148134, records that the process was appointed by members and creditors on 8 June 2026. Its last accounts on 27 Feb 2025 were dormant.

Key facts
Company no.10780665
SectorConstruction
Incorporated19 May 2017
Reg. officeChorley PR7
Appointed8 Jun 2026
Office holderRikki Burton
The timeline · incorporation → liquidation
19 May 2017
Incorporated
Registered as 10780665. Construction.
21 Aug 2018
First accounts filed
accounts-with-accounts-type-micro-entity
27 Feb 2025
Latest accounts filed
accounts-with-accounts-type-dormant
14 Feb 2026
Board changes begin
First of the director resignations before failure.
8 Jun 2026
Liquidator appointed
Creditors' voluntary liquidation.
8 Jun 2026
Gazette notice published
Notice 5148134 in The Gazette.

What the data was telling us

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

Insolvency statusCVL
StatusCreditors' voluntary liquidation
Gazette refNotice 5148134
EditionThe Gazette
Appointed byMembers & creditors
UnderInsolvency Act 1986, s.100 & s.109
Financial positionAs at 2026-05-19
Deficiency to creditors£48,970
Estimated assets£3,840
Total liabilities£52,710
Secured creditors£0
Unsecured creditors£52,710
Filing trajectoryLate filing
Incorporated19 May 2017
Last accounts27 Feb 2025
Confirmation stmtFiled
Account typeDormant
Director stabilityBoard churn
Appointments1 since 2017
Resignations0 in final 12 mths
Active directors1
Avg tenure9.1 yrs
Practitioner appointedPractitioner
PractitionerRikki Burton
RoleLiquidator
IP numberIP 14430
Appointed28 May 2026

Lessons behind the liquidation

01
Dormant status did not prevent insolvency

Dreamcon’s last accounts were filed as dormant, yet the company still reached creditors’ voluntary liquidation. That shows a dormant filing position is not the same as a clean exit, especially where liabilities remain on the statement of affairs.

02
The balance sheet gap was still material

As at 19 May 2026, the statement of affairs showed assets of £3,840 against unsecured liabilities of £52,710. With secured liabilities at £0, the deficiency was £48,970, leaving a clear shortfall for creditors.

03
Long director tenure did not avert failure

The record shows one appointment since 2017, no resignations in the final 12 months, and one active director. Stable governance and no disqualifications on record did not stop the company entering liquidation.

Pattern context

This resembles a low-activity corporate failure pattern, where a long-running but lightly filed company ends in formal insolvency with modest assets and unpaid unsecured claims.

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 DREAMCON LIMITED.