Terra Therma Limited goes into liquidation
Active Company no. 04382470 Incorporated Feb 2002 Construction SS postcode area
170a-172 High Street, Rayleigh, SS6 7BS
The most recent insolvency notice for Terra Therma Limited is an Appointment of liquidators (CVL), published 21 October 2026 in The London Gazette. The office holders are David Farmer (IP No. 26350); Lloyd Biscoe (IP No. 9141), appointed 15 October 2026. Its last accounts filed at Companies House, to 31 March 2025, showed total assets of £636k and net assets of £70k. Those accounts were filed 18 months before the first insolvency notice, so they describe the company well before the process began. 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.
Last filed balance sheet
As at 31 March 2025 · total exemption full accounts · unaudited · filed 18 months before the first insolvency notice
Total liabilities is not shown for this company: the filed balance sheet did not reconcile against the figures we could read, so the total would be incomplete.
Average employees during the period: 20
Insolvency notices (2)
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Appointment of liquidators (CVL) 21 Oct 2026
TERRA THERMA LIMITED has had David Farmer and Lloyd Biscoe appointed as liquidators in a creditors' liquidation on 15 October 2026, appointed by its members and creditors.
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Resolution for winding up (CVL) 21 Oct 2026
TERRA THERMA LIMITED resolved to voluntarily wind up and appointed David Farmer and Lloyd Biscoe as joint liquidators on 15 October 2026.
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.
Owed money by Terra Therma 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
Is your own business showing the same warning signs?
What the public record showed for this company before its insolvency notice:
- Its most recent accounts were 18 months old when the first insolvency notice was published.
Each of these is visible 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.
Frequently asked questions
Is Terra Therma Limited in liquidation?
The most recent insolvency notice for Terra Therma Limited (company no. 04382470) is a Appointment of liquidators (CVL), published 21 October 2026 in The London Gazette. 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 were Terra Therma Limited's last filed accounts?
Terra Therma Limited's last accounts filed at Companies House, to 31 March 2025, showed total assets of £636k, cash of £96k, net assets of £70k. For a distressed company the last filing often predates the insolvency by a year or more.
How many insolvency notices does Terra Therma Limited have?
Terra Therma Limited has 2 insolvency notices recorded in The London Gazette, the most recent being a Appointment of liquidators (CVL) on 21 October 2026.
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.
Why did the company go into liquidation?
The Gazette notices record the legal steps, not the cause, so they do not say why the company failed. Its last filed accounts, to 31 March 2025, showed net assets of £70k, so any deterioration came after those figures or is not visible in them. 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 many jobs are affected?
The notices do not say. The last filed accounts recorded an average of 20 employees in the period to 31 March 2025, which is the closest public figure and may be out of date.
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.