Appointment of liquidators (Court)
Formosa Developments Limited compulsory liquidation
In short: Formosa Developments Limited (company no. SC514074) was wound up by the court (compulsory liquidation), according to a Appointment of liquidators (Court) notice published in The London Gazette on 10 November 2026. The office holder is Steven Wright, appointed 14 September 2026. The company's business: buying and selling of own real estate, trading from 26-28 High Street, Dundee, DD1 1TA, United Kingdom.
Formosa Developments Limited has been placed into compulsory liquidation and Steven Wright has been appointed as liquidator by the Sheriff Court.
Notice details
- Company
- Formosa Developments Limited
- Company number
- SC514074
- Nature of business
- buying and selling of own real estate
- Registered office
- 26-28 High Street, Dundee, DD1 1TA, United Kingdom
- Principal trading address
- 26-28 High Street, Dundee, DD1 1TA, United Kingdom
- Type of liquidation
- Compulsory Liquidation
- Office holder
- Steven Wright
- Office holder IP number
- 24534
- Office holder address
- 169 West George Street, Glasgow, G2 2LB
- Office holder capacity
- Liquidator
- Date of appointment
- 14 September 2026
- Office holder telephone
- 0141 535 3133
- Office holder email
- [email protected]
- Alternative contact
- Tania Wilson; Tel: 0141 535 3133; Email: [email protected]
- Appointed by
- Sheriff Court
What the last filed accounts showed
As at 31 August 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 Formosa Developments 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.
Read more: Facing a Winding-Up Petition?.
What happens next
A winding-up petition asks the court to place a company into compulsory liquidation. Until an order is made the petition can still be dismissed or withdrawn — if the debt is paid, if it is genuinely disputed on substantial grounds, or if the court is persuaded to adjourn while a rescue is put in place. If an order is made, the company stops trading, its bank accounts are frozen, and a liquidator realises the assets and pays creditors in the order fixed by law; creditors prove their debts to the liquidator or the Official Receiver rather than to the company.
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All notices for Formosa Developments Limited
2 Gazette notices on record for company no. SC514074, newest first. The full history, with last filed accounts, is on the Formosa Developments Limited company record.
- Petitions to wind up (Companies) 28 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 FORMOSA DEVELOPMENTS 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 FORMOSA DEVELOPMENTS LIMITED or something similar, start the conversation early.
Looking for more? Get daily deal alerts when businesses in your sector enter administration.
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.
Already decided to close? Get a fixed-fee liquidation quote from a licensed practitioner, or read how strike-off compares.
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 Formosa Developments Limited gone into liquidation?
The London Gazette published a Appointment of liquidators (Court) for Formosa Developments Limited (company no. SC514074) on 10 November 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 Appointment of liquidators (Court) 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?
A winding-up petition asks the court to place a company into compulsory liquidation. Until an order is made the petition can still be dismissed or withdrawn — if the debt is paid, if it is genuinely disputed on substantial grounds, or if the court is persuaded to adjourn while a rescue is put in place. If an order is made, the company stops trading, its bank accounts are frozen, and a liquidator realises the assets and pays creditors in the order fixed by law; creditors prove their debts to the liquidator or the Official Receiver rather than to the company.
Who is dealing with the liquidation?
The office holder named in the notice: Steven Wright, appointed 14 September 2026. Creditors, employees and anyone holding goods or money belonging to the company should contact them directly, quoting the company number.
Why did the company go into liquidation?
The Gazette notice records the legal step, not the cause, so it does not say why the company failed. Its last filed accounts, to 31 August 2025, showed liabilities exceeding assets by £803k. For a fuller picture, look in the company's filing history at Companies House for the statement of affairs or the office holder's reports, where these have been filed.
How much did the company owe?
The notice does not give a figure. The closest public number is total liabilities of £2.9m in its last filed accounts, to 31 August 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.