Case Studies/Manufacturing/JIGSAW PRINT LIMITED
Creditors' voluntary liquidation

JIGSAW PRINT LIMITED

Hollinwood-based manufacturer Jigsaw Print Limited, incorporated on 19 September 2017, has entered creditors' voluntary liquidation. Following the appointment of Andrew Ryder of JT Maxwell as liquidator on 20 February 2026, the company's winding up was formalised under the Insolvency Act 1986 on 24 February 2026. This transition followed several years of structural and leadership changes, culminating in an overdue confirmation statement.

Key facts
Company no.10971299
SectorManufacturing
Incorporated19 Sep 2017
Reg. officeHollinwood OL8
Appointed24 Feb 2026
Office holderAndrew Ryder, JT Maxwell
The timeline · incorporation → liquidation
19 Sep 2017
Incorporated
Registered as 10971299. Manufacturing.
3 Nov 2017
Charge registered
A registered charge granted to Bibby Financial Services LTD (As Security Trustee).
20 Mar 2018
Board changes begin
First of the director resignations before failure.
18 Jun 2019
First accounts filed
change-account-reference-date-company-previous-shortened
5 May 2021
Charge registered
A registered charge granted to Apollo Business Finance LTD.
29 Jun 2023
Latest accounts filed
accounts-with-accounts-type-micro-entity
24 Feb 2026
Liquidator appointed
Creditors' voluntary liquidation.
24 Feb 2026
Gazette notice published
Notice 5063014 in The Gazette.
2 Mar 2026
Statement of affairs
Sworn statement of assets and liabilities.

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 5063014
EditionThe Gazette
Appointed byMembers & creditors
UnderInsolvency Act 1986, s.100 & s.109
Financial positionAs at 2026-02-06
Deficiency to creditors£179,586
Estimated assets£5,100
Secured creditors£31,063
Unsecured creditors£78,270
Filing trajectoryLate filing
Incorporated19 Sep 2017
Last accounts29 Jun 2023
Confirmation stmtOverdue
Account typeMicro-entity
Director stabilityBoard churn
Appointments6 since 2017
Resignations1 in final 12 mths
Active directors1
Avg tenure2.0 yrs
Charges & secured creditorsFloating charge
Charges2 registered
InstrumentA registered charge
HolderApollo Business Finance LTD
Registered5 May 2021
Statusoutstanding
Practitioner appointedPractitioner
PractitionerAndrew Ryder
FirmJT Maxwell
RoleLiquidator
IP numberIP 17552
Appointed20 Feb 2026
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Lessons behind the liquidation

01
The limits of micro-entity reporting

Jigsaw Print Limited last filed accounts on 29 June 2023 as a micro-entity, leaving an information gap before its liquidation in February 2026. For creditors, relying on micro-entity disclosures can obscure the true deterioration of a company's financial position. This lag is often compounded when mandatory filings, such as the confirmation statement, become overdue.

02
Director churn and governance instability

With 6 director appointments since 2017 and an average tenure of 2.0 years, the company experienced substantial boardroom instability. The resignation of 1 director during the final 12 months left only 1 active director to navigate the winding up. Frequent leadership changes often disrupt long-term strategic planning and weaken management continuity during financial distress.

03
Secured debt and asset encumbrance

The presence of 2 outstanding charges registered on 5 May 2021 to Apollo Business Finance LTD indicates a reliance on secured lending. In a liquidation scenario, these charges establish priority access to assets for the secured creditor, potentially leaving unsecured creditors with minimal recovery options. Understanding the structure of these registered charges is critical for suppliers assessing credit risk.

Pattern context

This case resembles a common pattern where manufacturing micro-entities experience high director turnover and carry secured debt structures before experiencing a breakdown in administrative compliance that precedes formal insolvency.

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 JIGSAW PRINT LIMITED.