Petitions to wind up (Companies)
G1 Propco LTD faces a winding-up petition
In short: G1 Propco LTD (company no. 08257214) faced a winding-up petition, according to a Petitions to wind up (Companies) notice published in The London Gazette on 25 September 2026. The petition was presented by HM Revenue & Customs. The case is before the High Court of Justice (Chancery Division) (case CR-2026-006379). The petition was listed to be heard on 07 October 2026 — a date that has now passed.
The Gazette notice is not updated after the hearing. A winding-up order, if one followed, is published as a separate Gazette notice and appears on the G1 Propco LTD company record, alongside the current Companies House status.
A petition has been filed by HM Revenue and Customs to wind up G1 PROPCO LTD (formerly Z HOTELS GLASGOW LTD) and a hearing is scheduled for 7 October 2026.
Notice details
- Company
- G1 PROPCO LTD
- Former name
- Z HOTELS GLASGOW LTD
- Company number
- 08257214
- Registered office
- 53-59 Chandos Place, London, England, WC2N 4HS
- Petitioner
- Commissioners for HM Revenue and Customs
- Petitioner address
- 14 Westfield Avenue, Stratford, London, E20 1HZ
- Petitioner solicitor
- General Counsel and Solicitor to His Majesty's Revenue and Customs, 14 Westfield Avenue, Stratford, London, E20 1HZ, telephone 03000 589239
- Court
- High Court of Justice (Chancery Division), Royal Courts of Justice, 7 Rolls Building, Fetter Lane, London, EC4A 1NL
- Case number
- CR-2026-006379
- Hearing date
- 07 October 2026
- Hearing time
- 10:30 hours
- Notice date
- 23 September 2026
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.
HMRC is the petitioning creditor, so the debt behind the petition is unpaid tax — most often VAT, PAYE or corporation tax — rather than a trade debt. HMRC petitions usually follow a long run of missed payments and ignored demands.
What an HMRC petition means, and how directors respond to one: HMRC Winding-Up Petitions.
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 Until it does, the petition can still be dismissed or withdrawn — if the debt is paid, if it is genuinely disputed on substantial grounds, if the company has a cross-claim larger than the debt, or if the court is persuaded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.
Quote case number CR-2026-006379 and the High Court of Justice (Chancery Division) in any correspondence about the case.
All notices for G1 Propco LTD
3 Gazette notices on record for company no. 08257214, newest first. The full history, with last filed accounts, is on the G1 Propco LTD company record.
- Resolution for winding up (CVL) 08 Oct 2026
- Appointment of liquidators (CVL) 08 Oct 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 G1 PROPCO LTD 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 G1 PROPCO LTD 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 G1 Propco LTD gone into liquidation?
The London Gazette published a Petitions to wind up (Companies) for G1 Propco LTD (company no. 08257214) on 25 September 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 HM Revenue & Customs. HMRC is the petitioning creditor, so the debt behind the petition is unpaid tax — most often VAT, PAYE or corporation tax — rather than a trade debt. HMRC petitions usually follow a long run of missed payments and ignored demands.
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.