Case Studies/Manufacturing/THINK IMAGE LIMITED
Creditors' voluntary liquidation

THINK IMAGE LIMITED

Think Image Limited, an Exeter based manufacturing business incorporated on 24 March 2014, entered creditors voluntary liquidation. The company, which operated with 1 active director, appointed Daniel Robert Jeeves and a joint office holder from Kirks on 10 April 2026. The winding up process was formalised under s.100 and s.109 of the Insolvency Act 1986, with the first failure recorded on 16 April 2026.

Key facts
Company no.08955714
SectorManufacturing
Incorporated24 Mar 2014
Reg. officeExeter EX1
Appointed16 Apr 2026
Office holderDaniel Jeeves, Kirks
The timeline · incorporation → liquidation
24 Mar 2014
Incorporated
Registered as 08955714. Manufacturing.
17 Dec 2015
First accounts filed
accounts-with-accounts-type-total-exemption-small
23 Dec 2025
Latest accounts filed
accounts-with-accounts-type-micro-entity
16 Apr 2026
Liquidator appointed
Creditors' voluntary liquidation.
16 Apr 2026
Gazette notice published
Notice 5113214 in The Gazette.
27 Apr 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 5113256
EditionThe Gazette
Appointed byMembers & creditors
UnderInsolvency Act 1986, s.100 & s.109
Financial positionAs at 2026-04-01
Deficiency to creditors£117,486
Estimated assets£57,590
Secured creditors£0
Unsecured creditors£166,686
Filing trajectoryLate filing
Incorporated24 Mar 2014
Last accounts23 Dec 2025
Confirmation stmtFiled
Account typeMicro-entity
Director stabilityBoard churn
Appointments1 since 2014
Resignations0 in final 12 mths
Active directors1
Avg tenure12.1 yrs
Practitioner appointedPractitioner
PractitionerDaniel Jeeves
FirmKirks
RoleLiquidator
IP numberIP 26032
Appointed10 Apr 2026
View profile →
Practitioner appointedPractitioner
PractitionerDavid Kirk
FirmKirks
RoleLiquidator
IP numberIP 8830
Appointed10 Apr 2026
View profile →

Lessons behind the liquidation

01
Minimal disclosure limits warning signs

The company last filed micro-entity accounts on 23 December 2025. While this filing type reduces the administrative burden, it provides creditors with very little detail on cash flow or asset health. This lack of transparency means supply chain partners have minimal warning before a business enters insolvency.

02
Concentration of governance risk

The company operated with 1 active director who had an average tenure of 12.1 years, representing 1 appointment since 2014 and 0 resignations in the final 12 months. While stability can be positive, relying on a single director limits strategic oversight. In manufacturing, a broader board can help distribute responsibility and bring alternative perspectives during challenging trading periods.

03
Orderly transition to liquidation

The appointment of Daniel Robert Jeeves of Kirks as one of 2 office holders on 10 April 2026 was driven by members and creditors. Opting for a creditors voluntary liquidation rather than a compulsory winding up allows for a more structured closure. This cooperative approach helps to preserve remaining assets and manage the wind down process systematically.

Pattern context

This case reflects a broader pattern of mature, single-director manufacturing firms that maintain minimal public reporting standards, which can obscure operational distress until liquidators are formally appointed.

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 THINK IMAGE LIMITED.