LI Sam Vicky Chiu Limited faces a winding-up petition
Active Company no. 06504991 Incorporated Feb 2008 Retail & Wholesale BB postcode area
16 Causeway Head, Haslingden, Rossendale, BB4 4DW
The most recent insolvency notice for LI Sam Vicky Chiu Limited is a Petitions to wind up (Companies), published 08 July 2026 in The London Gazette. The petition was presented by PERFORMANCE FINANCE LTD. The case is before the Birmingham Business And Property Court (case CR-2026-BHM-000300). The petition was listed to be heard on Tuesday 11 August 2026 at 10:00 — a date that has now passed, and the Gazette notice is not updated afterwards. Its last accounts filed at Companies House, to 31 March 2025, showed total assets of £449k and net assets of -£41k. On those figures the company was already balance-sheet insolvent — its liabilities exceeded its assets — at that date, 15 months before its first insolvency notice. 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.
Last filed balance sheet
As at 31 March 2025 · micro entity accounts · unaudited · filed 15 months before the first insolvency notice
Average employees during the period: 12
Insolvency notices (1)
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Petitions to wind up (Companies) 08 Jul 2026
A petition to wind up LI Sam Vicky Chiu Limited has been filed by Performance Finance Ltd and will be heard at the Birmingham Business and Property Court on 11 August 2026.
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 Until it does, the petition can still be dismissed or withdrawn — if the debt is paid, if it is genuinely disputed on substantial grounds, if the company has a cross-claim larger than the debt, or if the court is persuaded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-BHM-000300 and the Birmingham Business And Property Court in any correspondence about the case, together with company number 06504991.
Owed money by LI Sam Vicky Chiu 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 last filed accounts, to March 2025, already showed negative net assets of -£41k, 15 months before the first insolvency notice.
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 LI Sam Vicky Chiu Limited in liquidation?
The most recent insolvency notice for LI Sam Vicky Chiu Limited (company no. 06504991) is a Petitions to wind up (Companies), published 08 July 2026 in The London Gazette. 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 were LI Sam Vicky Chiu Limited's last filed accounts?
LI Sam Vicky Chiu Limited's last accounts filed at Companies House, to 31 March 2025, showed total assets of £449k, net assets of -£41k. For a distressed company the last filing often predates the insolvency by a year or more.
How many insolvency notices does LI Sam Vicky Chiu Limited have?
LI Sam Vicky Chiu Limited has 1 insolvency notice recorded in The London Gazette, the most recent being a Petitions to wind up (Companies) on 08 July 2026.
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 PERFORMANCE FINANCE 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.
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.