P&S Pub Ltd liquidation
Active Company no. 07035410 Incorporated Sep 2009 Hospitality & Food Service EX postcode area
The Galleon Inn The Strand, Starcross, Exeter, EX6 8PR
The most recent insolvency notice for P&S Pub Ltd is a Meetings of creditors (CVL), published 11 November 2026 in The London Gazette. Its last accounts filed at Companies House, to 30 September 2025, showed total assets of £141k and net assets of -£292k. On those figures the company was already balance-sheet insolvent — its liabilities exceeded its assets — at that date, 13 months before its first insolvency notice. 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 30 September 2025 · total exemption full accounts · unaudited · filed 13 months before the first insolvency notice
Average employees during the period: 15
Insolvency notices (1)
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Meetings of creditors (CVL) 11 Nov 2026
A virtual creditors’ meeting for the Creditors Voluntary Liquidation of P&S PUB LTD (The Galleon Inn) is scheduled for 23 November 2026 at 10:30 am.
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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 P&S Pub Ltd?
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
- What is Liquidation?
- Voluntary Liquidation (CVL & MVL)
- Company Voluntary Arrangement (CVA)
- Company Restructuring Options
- Business Turnaround: Options for Directors
Closing a company of your own? Get a fixed-fee liquidation quote.
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 September 2025, already showed negative net assets of -£292k, 13 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 P&S Pub Ltd in liquidation?
The most recent insolvency notice for P&S Pub Ltd (company no. 07035410) is a Meetings of creditors (CVL), published 11 November 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 P&S Pub Ltd's last filed accounts?
P&S Pub Ltd's last accounts filed at Companies House, to 30 September 2025, showed total assets of £141k, cash of £3k, net assets of -£292k. For a distressed company the last filing often predates the insolvency by a year or more.
How many insolvency notices does P&S Pub Ltd have?
P&S Pub Ltd has 1 insolvency notice recorded in The London Gazette, the most recent being a Meetings of creditors (CVL) on 11 November 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 30 September 2025, showed liabilities exceeding assets by £292k. 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 much did the company owe?
The notices do not give a figure. The closest public number is total liabilities of £433k in its last filed accounts, to 30 September 2025. What was owed when the process began will differ, and is set out in the statement of affairs.
How many jobs are affected?
The notices do not say. The last filed accounts recorded an average of 15 employees in the period to 30 September 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.