Petitions to wind up (Companies)
BG Metals Ltd faces a winding-up petition
In short: BG Metals Ltd (company no. 07842234) faced a winding-up petition, according to a Petitions to wind up (Companies) notice published in The London Gazette on 11 November 2026. The petition was presented by STRIPE PAYMENTS UK LTD. The case is before the Manchester Civil Justice Centre (case CR-2026-MAN-001553). The petition is listed to be heard on 5 January 2027 at 10:00am.
A petition to wind up BG METALS LTD has been filed by Stripe Payments UK Ltd and will be heard in Manchester on 5 January 2027.
Notice details
- Company
- BG METALS LTD
- Company number
- 07842234
- Trading Name
- BullionGiant
- Registered office
- PO Box 4385, Companies House Default Address, Cardiff, CF14 8LH
- Petitioner
- STRIPE PAYMENTS UK LTD, 9th Floor, 107 Cheapside, London, EC2V 6DN
- Petitioner solicitor
- DLA Piper UK LLP, 1 St. Peter's Square, Manchester, M2 3DE; Telephone: +441612354501; Email: [email protected]; Ref HDR/450266/10
- Court
- Manchester Civil Justice Centre, 1 Bridge Street West, Manchester M60 9DJ
- Case number
- CR-2026-MAN-001553
- Hearing date/time
- 5 January 2027 at 10:00am
- Notice date
- 11 November 2026
What the last filed accounts showed
As at 30 November 2025 · unaudited · 11 months before the first insolvency notice
Average employees during the period: 2
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 BG Metals Ltd 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 Until it does, the petition can still be dismissed or withdrawn — if the debt is paid, if it is genuinely disputed on substantial grounds, if the company has a cross-claim larger than the debt, or if the court is persuaded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.
Quote case number CR-2026-MAN-001553 and the Manchester Civil Justice Centre in any correspondence about the case.
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All notices for BG Metals Ltd
2 Gazette notices on record for company no. 07842234, newest first. The full history, with last filed accounts, is on the BG Metals Ltd company record.
- Appointment of liquidators (Court) 10 Nov 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 BG METALS 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 BG METALS LTD 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.
Been served with a winding-up petition yourself?
You have about seven working days before it is advertised and the bank freezes the account. In that window a petition can still be paid, disputed, adjourned or overtaken by a rescue. K2's petition desk responds within one working day; if the hearing is this week, call now.
Related guidance
Free, practical guides from K2 on what this kind of notice means for directors.
More winding up notices
Frequently asked questions
Has BG Metals Ltd gone into liquidation?
The London Gazette published a Petitions to wind up (Companies) for BG Metals Ltd (company no. 07842234) on 11 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 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 STRIPE PAYMENTS UK LTD. 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.
How much did the company owe?
The notice does not give a figure. The closest public number is total liabilities of £1.7m in its last filed accounts, to 30 November 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.