Drewlec Limited enters members' voluntary liquidation
Active Company no. 00819853 Incorporated Sep 1964 Construction BH postcode area
865 Ringwood Road, West Howe, Bournemouth, BH11 8LW
The most recent insolvency notice for Drewlec Limited is an Appointment of liquidators (MVL), published 12 August 2026 in The London Gazette. The office holders are Nicholas Cusack; Chris Tate, appointed 6 August 2026. Its last accounts filed at Companies House, to 31 March 2025, showed total assets of £157k and net assets of £153k. Those accounts were filed 16 months before the first insolvency notice, so they describe the company well before the process began. 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.
Last filed balance sheet
As at 31 March 2025 · total exemption full accounts · unaudited · filed 16 months before the first insolvency notice
Insolvency notices (3)
-
Appointment of liquidators (MVL) 12 Aug 2026
The notice announces the appointment of liquidators Nicholas Cusack and Chris Tate for DREWLEC LIMITED in a members' liquidation effective 6 August 2026.
-
Notices to creditors (MVL) 12 Aug 2026
Creditors of DREWLEC LIMITED must submit proof of debt by 9 September 2026 following the appointment of joint liquidators Nicholas Cusack and Chris Tate.
-
Resolution for winding up (MVL) 12 Aug 2026
DREWLEC LIMITED resolved to voluntarily wind up and appointed Nicholas Cusack and Chris Tate as joint liquidators.
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.
Owed money by Drewlec Limited?
A bad debt this size rarely stops with the company that failed. If you're a supplier or creditor left short, it's worth knowing where you rank — and checking what the shortfall does to your own cashflow.
Related guidance
Frequently asked questions
Is Drewlec Limited in financial difficulty?
No — the most recent process is a solvent one. 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 most recent insolvency notice for Drewlec Limited (company no. 00819853) is a Appointment of liquidators (MVL), published 12 August 2026 in The London Gazette.
What were Drewlec Limited's last filed accounts?
Drewlec Limited's last accounts filed at Companies House, to 31 March 2025, showed total assets of £157k, cash of £70k, net assets of £153k. For a distressed company the last filing often predates the insolvency by a year or more.
How many insolvency notices does Drewlec Limited have?
Drewlec Limited has 3 insolvency notices recorded in The London Gazette, the most recent being a Appointment of liquidators (MVL) on 12 August 2026.
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.
Financial figures are taken from the company's own last accounts filed at Companies House. Small and micro-entity accounts are unaudited, and for a company entering an insolvency process the most recent filing frequently predates that process by a year or more. Figures are indicative and are not a valuation. Contains public sector information licensed under the Open Government Licence v3.0. © Crown copyright.