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Case Studies/Engineering consulting/THEREFORE LIMITED
Creditors' voluntary liquidation

THEREFORE LIMITED

Therefore Limited, a long-established engineering consulting company incorporated on 10 Mar 1993, has entered creditors’ voluntary liquidation under the Insolvency Act 1986, s.100 and s.109. The Gazette notice, reference 5154815, records that the process was appointed by members and creditors on 16 Jun 2026. The company’s filings show full accounts last filed on 15 Oct 2025, with confirmation statements also filed.

Key facts
Company no.02798150
SectorEngineering consulting
Incorporated10 Mar 1993
Reg. officeW1T
Appointed16 Jun 2026
The timeline · incorporation → liquidation
10 Mar 1993
Incorporated
Registered as 02798150. Engineering consulting.
10 Mar 1993
Board changes begin
First of the director resignations before failure.
7 Jun 1994
First accounts filed
accounts-with-accounts-type-small
28 Feb 1995
Charge registered
Debenture granted to The Royal Bank of Scotland PLC.
20 Jul 2004
Charge registered
Debenture granted to Barclays Bank PLC.
10 Jul 2006
Charge registered
Rent deposit deed granted to Spot Property Company Limited.
15 Oct 2025
Latest accounts filed
accounts-with-accounts-type-total-exemption-full
16 Jun 2026
Liquidator appointed
Creditors' voluntary liquidation.
16 Jun 2026
Gazette notice published
Notice 5154815 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 5154815
EditionThe Gazette
Appointed byMembers & creditors
UnderInsolvency Act 1986, s.100 & s.109
Filing trajectoryLate filing
Incorporated10 Mar 1993
Last accounts15 Oct 2025
Confirmation stmtFiled
Account typeFull
Director stabilityBoard churn
Appointments7 since 1993
Resignations3 in final 12 mths
Active directors1
DisqualificationsNone on record
Avg tenure18.7 yrs
Charges & secured creditorsFloating charge
Charges3 registered
InstrumentRent deposit deed
HolderSpot Property Company Limited
Registered10 Jul 2006
Statusoutstanding

Lessons behind the liquidation

01
A long trading history is no guarantee

Therefore Limited had been incorporated since 10 Mar 1993, but age alone did not prevent a formal insolvency outcome. The company still ended in creditors’ voluntary liquidation, which shows that long establishment does not remove balance sheet or trading pressure.

02
Director continuity can narrow

The record shows an average director tenure of 18.7 years, 7 appointments since 1993, and 3 resignations in the final 12 months. With only 1 active director remaining, the governance picture at the point of failure had become notably thinner.

03
Outstanding charges remain relevant

Companies House records 3 registered charges, with an outstanding charge held by Spot Property Company Limited and described as a rent deposit deed registered on 10 Jul 2006. That does not explain the insolvency by itself, but it does show that secured arrangements were still part of the company’s financial structure.

Pattern context

This failure fits a familiar pattern for established professional services businesses, where a long operating history, a small director base, and ongoing secured interests can still end in a creditor-led insolvency process.

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.