Petitions to wind up (Companies)
SIPS Homes Burntisland Limited faces a winding-up petition
In short: SIPS Homes Burntisland Limited (company no. SC651882) faced a winding-up petition, according to a Petitions to wind up (Companies) notice published in The London Gazette on 21 August 2026. The office holders are James Bernard Stephen of BDO LLP, 2 Atlantic Square, Glasgow G2 8NJ; Kerry Fanchina Baily of BDO LLP, Eden Building, Irwell Street, Salford, Manchester M3 5AN. The petition was presented by SIPS Homes Burntisland Limited. The case is before the Dunfermline Sheriff Court.
A petition was presented to Dunfermline Sheriff Court to wind up SIPS Homes Burntisland Limited and appoint two joint interim liquidators.
Notice details
- Company
- SIPS HOMES BURNTISLAND LIMITED
- Company number
- SC651882
- Registered office
- Crossway Donibristle Industrial Estate, Dalgety Bay, Fife, KY11 9JE
- Court
- Dunfermline Sheriff Court
- Petitioner
- SIPS Homes Burntisland Limited
- Petition date
- 10 August 2026
- Interlocutor date
- 17 August 2026
- Liquidators
- James Bernard Stephen of BDO LLP, 2 Atlantic Square, Glasgow G2 8NJ; Kerry Fanchina Baily of BDO LLP, Eden Building, Irwell Street, Salford, Manchester M3 5AN
What the last filed accounts showed
As at 31 July 2025 · unaudited · 12 months before the first insolvency notice
These are the company's own figures from Companies House, not from the Gazette notice, and they describe its position at that date rather than what it owes now. Negative net assets means liabilities exceeded assets. The full record is on the SIPS Homes Burntisland Limited company page.
What this notice means
A winding-up petition asks the court to close a company and place it into compulsory liquidation, most often because a debt has gone unpaid. If the court makes a winding-up order, control passes to the Official Receiver or an appointed liquidator, the company's bank accounts are frozen and its assets are sold to repay creditors.
The petitioning creditor is another company, so the debt behind the petition is a commercial one — typically an unpaid invoice, rent, or a judgment that went unsatisfied — rather than a tax liability.
Read more: Facing a Winding-Up Petition?.
What happens next
At the hearing the court decides whether to make a winding-up order. Until it does, the petition can still be dismissed or withdrawn — if the debt is paid, if it is genuinely disputed on substantial grounds, if the company has a cross-claim larger than the debt, or if the court is persuaded to adjourn while a rescue or refinancing is put in place. If an order is made, the company stops trading, its bank accounts are frozen, control passes to the Official Receiver and a liquidator is appointed to sell the assets and pay creditors in the order fixed by law.
All notices for SIPS Homes Burntisland Limited
3 Gazette notices on record for company no. SC651882, newest first. The full history, with last filed accounts, is on the SIPS Homes Burntisland Limited company record.
- Appointment of liquidators (Court) 25 Sep 2026
- Petitions to wind up (Companies) 21 Aug 2026
How does this notice affect you?
Choose what applies and we'll point you at the right next step.
A written-off invoice rarely stops at the company that failed. The supplier left short is often the next business in difficulty — and the earlier that's dealt with, the more options stay open. If SIPS HOMES BURNTISLAND LIMITED owed you money, it's worth checking where that leaves you.
Unpaid wages, holiday pay and statutory redundancy are claimed from the government's Redundancy Payments Service, not from K2. The insolvency practitioner named in this notice should send you a case reference — you'll need it to claim.
K2's founder has turned around UK businesses since 1990, and K2 has backed and restructured them since 2001, including buying trade and assets out of distress. These situations move in days rather than months, so if you're looking at SIPS HOMES BURNTISLAND LIMITED or something similar, start the conversation early.
If your business is under pressure — creditors circling, a petition threatened, or cash running out — acting early changes the outcome. K2's founder has helped UK directors turn things around since 1990. Talk to us in confidence.
Is your own business showing the same warning signs?
Falling margins, stretched creditors, overdue filings and HMRC arrears usually appear months before a Gazette notice. Directors who act at that stage keep far more options open, from an informal turnaround to a CVA or restructuring plan.
Related guidance
Free, practical guides from K2 on what this kind of notice means for directors.
More winding up notices
Frequently asked questions
Has SIPS Homes Burntisland Limited gone into liquidation?
The London Gazette published a Petitions to wind up (Companies) for SIPS Homes Burntisland Limited (company no. SC651882) on 21 August 2026. A winding-up petition asks the court to close a company and place it into compulsory liquidation, most often because a debt has gone unpaid. If the court makes a winding-up order, control passes to the Official Receiver or an appointed liquidator, the company's bank accounts are frozen and its assets are sold to repay creditors.
What does a Petitions to wind up (Companies) mean?
A winding-up petition asks the court to close a company and place it into compulsory liquidation, most often because a debt has gone unpaid. If the court makes a winding-up order, control passes to the Official Receiver or an appointed liquidator, the company's bank accounts are frozen and its assets are sold to repay creditors.
What happens next?
At the hearing the court decides whether to make a winding-up order. Until it does, the petition can still be dismissed or withdrawn — if the debt is paid, if it is genuinely disputed on substantial grounds, if the company has a cross-claim larger than the debt, or if the court is persuaded to adjourn while a rescue or refinancing is put in place. If an order is made, the company stops trading, its bank accounts are frozen, control passes to the Official Receiver and a liquidator is appointed to sell the assets and pay creditors in the order fixed by law.
Who presented the winding-up petition, and why?
The petition was presented by SIPS Homes Burntisland Limited. The petitioning creditor is another company, so the debt behind the petition is a commercial one — typically an unpaid invoice, rent, or a judgment that went unsatisfied — rather than a tax liability.
Who is dealing with the liquidation?
The office holders named in the notice: James Bernard Stephen of BDO LLP, 2 Atlantic Square, Glasgow G2 8NJ; Kerry Fanchina Baily of BDO LLP, Eden Building, Irwell Street, Salford, Manchester M3 5AN. Creditors, employees and anyone holding goods or money belonging to the company should contact them directly, quoting the company number.
How much did the company owe?
The notice does not give a figure. The closest public number is total liabilities of £454k in its last filed accounts, to 31 July 2025. What was owed when the process began will differ, and is set out in the statement of affairs.
The company owes me money — what can I do?
You are a creditor in the process. The insolvency practitioner named in the notice will write to known creditors and invite claims; if you have not heard from them, contact them with your invoices. Unsecured creditors rank after fixed-charge holders, the costs of the insolvency, preferential creditors and floating-charge holders, so recovery depends on what is left in the estate.
I worked there — how do I claim what I am owed?
Unpaid wages, holiday pay and statutory redundancy are claimed from the government's Redundancy Payments Service, not from the company or from K2. The insolvency practitioner named in this notice should give you a case reference to claim with.
Source: The London Gazette and Companies House. Contains public sector information licensed under the Open Government Licence v3.0. © Crown copyright. This page is provided by K2 Partners for information only and is not legal or financial advice.