Karl Smith Car Sales Limited goes into liquidation
Active Company no. 04583955 Incorporated Nov 2002 Retail & Wholesale M postcode area
KARL SMITH CAR SALES LIMITED, 683-687 Wilmslow Road Didsbury, Manchester, M20 6RE
The most recent insolvency notice for Karl Smith Car Sales Limited is an Appointment of liquidators (CVL), published 30 September 2026 in The London Gazette. The office holder is Daniel Taylor (IP No. 21050) of Fortis Insolvency Limited, appointed 23 September 2026. Its last accounts filed at Companies House, to 31 December 2024, showed total assets of £591k and net assets of -£380k. 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 December 2024 · total exemption full accounts · unaudited · filed 20 months before the first insolvency notice
Average employees during the period: 12
Insolvency notices (3)
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Appointment of liquidators (CVL) 30 Sep 2026
The notice announces the appointment of Daniel Taylor of Fortis Insolvency Limited as liquidator for Karl Smith Car Sales Limited in a creditors' voluntary liquidation.
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Resolution for winding up (CVL) 30 Sep 2026
Karl Smith Car Sales Limited has been voluntarily wound up by a special resolution passed at a meeting on 23 September 2026, with Daniel Taylor appointed as liquidator.
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Meetings of creditors (CVL) 17 Sep 2026
A virtual creditors' meeting for Karl Smith Car Sales Limited's creditors voluntary liquidation is scheduled for 23 September 2026 at 10:30 am.
Owed money by Karl Smith Car Sales 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
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What the public record showed for this company before its insolvency notice:
- Its last filed accounts, to December 2024, already showed negative net assets of -£380k, 20 months before the first insolvency notice.
- Its accounts were overdue at Companies House.
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 Karl Smith Car Sales Limited in liquidation?
The most recent insolvency notice for Karl Smith Car Sales Limited (company no. 04583955) is a Appointment of liquidators (CVL), published 30 September 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 Karl Smith Car Sales Limited's last filed accounts?
Karl Smith Car Sales Limited's last accounts filed at Companies House, to 31 December 2024, showed total assets of £591k, cash of £20, net assets of -£380k. For a distressed company the last filing often predates the insolvency by a year or more.
How many insolvency notices does Karl Smith Car Sales Limited have?
Karl Smith Car Sales Limited has 3 insolvency notices recorded in The London Gazette, the most recent being a Appointment of liquidators (CVL) on 30 September 2026.
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.