Notices to creditors (MVL)
Lok Assets Ltd members' voluntary liquidation
In short: Lok Assets Ltd (company no. NI721045) entered members' voluntary liquidation, a solvent and planned closure, according to a Notices to creditors (MVL) notice published in The London Gazette on 16 October 2026. The office holders are Gerard Gildernew, Gildernew and Co, appointed 9 October 2026.
Lok Assets Ltd has been placed into a solvent member’s voluntary liquidation and creditors must submit claims by 9 November 2026.
Notice details
- Company
- LOK ASSETS LTD
- Company number
- NI721045
- Type of liquidation
- Member’s Voluntary Liquidation (solvent liquidation)
- Date of appointment
- 9 October 2026
- Liquidator
- Gerard Gildernew, Gildernew and Co
- Contact
- 6 Northland Row, Dungannon, BT71 6AW
What this notice means
A members' voluntary liquidation (MVL) is the solvent, orderly winding-up of a company that can pay its debts in full — usually part of a director's retirement, a group restructure, or closing a company that has served its purpose. It is a planned closure, not a sign of financial distress.
Read more: What is Liquidation?.
What happens next
Because this is a solvent liquidation, creditors are paid in full. The liquidator advertises for claims, settles them, distributes the surplus to the shareholders and the company is then dissolved. Anyone owed money should still submit their claim to the liquidator named in the notice, and within the period the notice states.
All notices for Lok Assets Ltd
3 Gazette notices on record for company no. NI721045, newest first. The full history, with last filed accounts, is on the Lok Assets Ltd company record.
- Resolution for winding up (MVL) 16 Oct 2026
- Appointment of liquidators (MVL) 16 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 LOK ASSETS 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 LOK ASSETS LTD or something similar, start the conversation early.
A members' voluntary liquidation is a solvent, orderly closure — often part of retirement, a group restructure, or moving on to the next venture. K2's founder has advised UK company directors since 1990 on restructuring and what comes next. If that's on your horizon, talk to us.
Related guidance
Free, practical guides from K2 on what this kind of notice means for directors.
More liquidation notices
Frequently asked questions
Is Lok Assets Ltd in financial difficulty?
No — this is a solvent process. A members' voluntary liquidation (MVL) is the solvent, orderly winding-up of a company that can pay its debts in full — usually part of a director's retirement, a group restructure, or closing a company that has served its purpose. It is a planned closure, not a sign of financial distress. The London Gazette published a Notices to creditors (MVL) for Lok Assets Ltd (company no. NI721045) on 16 October 2026.
What does a Notices to creditors (MVL) mean?
A members' voluntary liquidation (MVL) is the solvent, orderly winding-up of a company that can pay its debts in full — usually part of a director's retirement, a group restructure, or closing a company that has served its purpose. It is a planned closure, not a sign of financial distress.
What happens next?
Because this is a solvent liquidation, creditors are paid in full. The liquidator advertises for claims, settles them, distributes the surplus to the shareholders and the company is then dissolved. Anyone owed money should still submit their claim to the liquidator named in the notice, and within the period the notice states.
Who is dealing with the liquidation?
The office holders named in the notice: Gerard Gildernew, Gildernew and Co, appointed 9 October 2026. Creditors, employees and anyone holding goods or money belonging to the company should contact them directly, quoting the company number.
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.