TSL Technical Ltd
Glasgow based engineering consulting firm TSL Technical entered creditors' voluntary liquidation on 16 June 2026. The company, which was incorporated on 14 March 2022, entered the process under the Insolvency Act 1986, sections 100 and 109, following a period of filing delays. Members and creditors appointed Christopher Horner of Businessrescueexpert as liquidator, as recorded in the Edinburgh Gazette under Notice 5155532.
What the data was telling us
Readings from The Gazette and Companies House, in the firm's final two years.
Lessons behind the liquidation
TSL Technical filed its full accounts for the period to 31 March 2024 four months late, and its confirmation statement remains overdue. Such delays often signal internal strain or resource constraints in the lead up to insolvency. Ensuring timely statutory filings is essential for maintaining creditworthiness and transparency with stakeholders.
On 18 September 2024, Caledon Asset Finance registered a fixed and floating charge against the company. This outstanding charge indicates a reliance on asset based funding to support operations. In a liquidation scenario, the presence of secured charges alters the distribution hierarchy and limits the assets available to unsecured creditors.
The company experienced three director appointments since 2022, with one resignation occurring in the final 12 months of trading. This left only one active director to manage the wind down process. A shrinking board in a company's final year reduces the breadth of governance available to address mounting financial challenges.
This case reflects a common pattern where early stage asset finance and mounting filing delays culminate in board contraction and a transition to voluntary liquidation.
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 TSL Technical Ltd.