Meetings of creditors (CVL)
GM Lets Limited liquidation
In short: GM Lets Limited (company no. 12123940) went into creditors' voluntary liquidation, according to a Meetings of creditors (CVL) notice published in The London Gazette on 06 November 2026. The company's business: other letting and operating of own or leased real estate, trading from 80 Compair Crescent, Ipswich, Suffolk, IP2 0EH.
A virtual creditors' meeting for GM LETS LIMITED's Creditors Voluntary Liquidation is scheduled for 18 November 2026 at 10:30 am.
Notice details
- Company
- GM LETS LIMITED
- Company number
- 12123940
- Nature of business
- Other letting and operating of own or leased real estate
- Type of liquidation
- Creditors Voluntary Liquidation
- Registered office
- 80 Compair Crescent, Ipswich, Suffolk, IP2 0EH
- Principal trading address
- 80 Compair Crescent, Ipswich, Suffolk, IP2 0EH
- Date of meeting
- 18 November 2026
- Time of meeting
- 10:30 am
- Insolvency practitioner
- Dylan Quail (IP No. 9547)
- Insolvency practitioner's address
- Money Managers (UK) Ltd T/A Business Guardian, Coppull Business Centre, Mill Lane, Chorley, Lancashire, PR7 5BW
- Contact
- Jon Rudd, [email protected]
What this notice means
Liquidation winds a company up: a licensed insolvency practitioner (the liquidator) is appointed to sell the company's assets and distribute the proceeds to creditors in the order fixed by law, after which the company is dissolved. A creditors' voluntary liquidation (CVL) is started by the company's own directors and shareholders once it can no longer pay its debts as they fall due.
Read more: What is Liquidation?.
What happens next
The liquidator realises the assets, writes to known creditors inviting claims, reports on the directors' conduct, and distributes what is recovered in the order fixed by law — costs of the liquidation, preferential creditors, secured creditors, then unsecured creditors. Claims go to the liquidator named in the notice, not to the company. The company is dissolved once the liquidation is complete.
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 GM LETS 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 GM LETS 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 liquidation notices
Frequently asked questions
Has GM Lets Limited gone into liquidation?
The London Gazette published a Meetings of creditors (CVL) for GM Lets Limited (company no. 12123940) on 06 November 2026. Liquidation winds a company up: a licensed insolvency practitioner (the liquidator) is appointed to sell the company's assets and distribute the proceeds to creditors in the order fixed by law, after which the company is dissolved. A creditors' voluntary liquidation (CVL) is started by the company's own directors and shareholders once it can no longer pay its debts as they fall due.
What does a Meetings of creditors (CVL) mean?
Liquidation winds a company up: a licensed insolvency practitioner (the liquidator) is appointed to sell the company's assets and distribute the proceeds to creditors in the order fixed by law, after which the company is dissolved. A creditors' voluntary liquidation (CVL) is started by the company's own directors and shareholders once it can no longer pay its debts as they fall due.
What happens next?
The liquidator realises the assets, writes to known creditors inviting claims, reports on the directors' conduct, and distributes what is recovered in the order fixed by law — costs of the liquidation, preferential creditors, secured creditors, then unsecured creditors. Claims go to the liquidator named in the notice, not to the company. The company is dissolved once the liquidation is complete.
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.