Case Studies/Mining/STATHIS PROPERTY LIMITED
Compulsory liquidation

STATHIS PROPERTY LIMITED

Incorporated on 31 March 2016, Manchester based Stathis Property Limited entered compulsory liquidation on 24 February 2026. The winding up order was made by the court under section 122 of the Insolvency Act 1986, as published in Gazette Notice 5063234. The transition to insolvency occurred alongside an overdue confirmation statement.

Key facts
Company no.10092600
SectorMining
Incorporated31 Mar 2016
Reg. officeManchester M1
Appointed24 Feb 2026
Office holderThe Official Receiver
The timeline · incorporation → liquidation
31 Mar 2016
Incorporated
Registered as 10092600. Mining.
31 Jul 2017
Charge registered
A registered charge granted to Aldermore Bank PLC.
2 Aug 2017
Charge registered
A registered charge granted to Aldermore Bank PLC.
2 Aug 2017
Charge registered
A registered charge granted to Aldermore Bank PLC.
2 Aug 2017
Charge registered
A registered charge granted to Aldermore Bank PLC.
2 Aug 2017
Charge registered
A registered charge granted to Aldermore Bank PLC.
30 Jan 2018
First accounts filed
accounts-with-accounts-type-dormant
2 Feb 2023
Board changes begin
First of the director resignations before failure.
9 Nov 2023
Latest accounts filed
accounts-with-accounts-type-total-exemption-full
24 Feb 2026
Wound up by the court
Compulsory liquidation.
24 Feb 2026
Gazette notice published
Notice 5063234 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 5063234
EditionThe Gazette
Appointed byThe court
UnderInsolvency Act 1986, s.122
Filing trajectoryLate filing
Incorporated31 Mar 2016
Last accounts9 Nov 2023
Confirmation stmtOverdue
Account typeFull
Director stabilityBoard churn
Appointments2 since 2016
Resignations0 in final 12 mths
Active directors1
Avg tenure4.5 yrs
Charges & secured creditorsFloating charge
Charges5 registered
InstrumentA registered charge
HolderAldermore Bank PLC
Registered2 Aug 2017
Statusoutstanding
Practitioner appointedOfficial Receiver
PractitionerThe Official Receiver
RoleLiquidator
Appointed24 Feb 2026

Lessons behind the liquidation

01
Compliance Arrears as a Distress Signal

Stathis Property Limited last filed full accounts on 9 November 2023, and its confirmation statement became overdue prior to the liquidation. A lapse in routine regulatory filings is often the first visible indicator of administrative or financial distress for a company.

02
The Weight of Secured Debt

The company had 5 outstanding charges on its record, including an instrument registered to Aldermore Bank PLC on 2 August 2017. Maintaining multiple secured credit arrangements over several years requires consistent cash flow, leaving the business vulnerable if trading conditions deteriorate.

03
Board Continuity is Not a Safeguard

Despite the company's insolvency, there were 0 director resignations in the final 12 months, and the average tenure stood at 4.5 years with 1 active director remaining. This shows that stable governance and low director churn are not always sufficient to protect a company from a court ordered winding up.

Pattern context

This case resembles a broader pattern where a long established business maintains board stability but eventually succumbs to compulsory winding up as administrative filings fall behind and secured liabilities remain outstanding.

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 STATHIS PROPERTY LIMITED.