Palak Services Ltd enters members' voluntary liquidation
Active Company no. 07600545 Incorporated Apr 2011 Professional Services RM postcode area
80 Woodrush Way, Chadwel Heath, Romford, RM6 5BL
The most recent insolvency notice for Palak Services Ltd is a Resolution for winding up (MVL), published 14 August 2026 in The London Gazette. The office holders are Manubhai Govindbhai Mistry; Hemal Mistry, appointed 5 August 2026. Its last accounts filed at Companies House, to 30 June 2026, showed total assets of £130k and net assets of £120k. 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 30 June 2026 · total exemption full accounts · unaudited · filed 1 month before the first insolvency notice
Average employees during the period: 2
Insolvency notices (3)
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Resolution for winding up (MVL) 14 Aug 2026
Palak Services Ltd resolved to voluntarily wind up the company and appointed Manubhai Govindbhai Mistry and Hemal Mistry as joint liquidators at a members’ meeting on 5 August 2026.
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Appointment of liquidators (MVL) 14 Aug 2026
Palak Services Ltd has appointed Manubhai Govindbhai Mistry and Hemal Mistry as joint liquidators in a members' liquidation.
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Notices to creditors (MVL) 14 Aug 2026
Creditors of Palak Services Ltd must prove their debts by 11 September 2026 in its solvent members’ voluntary liquidation.
Owed money by Palak Services 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.
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Frequently asked questions
Is Palak Services Ltd 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 Palak Services Ltd (company no. 07600545) is a Resolution for winding up (MVL), published 14 August 2026 in The London Gazette.
What were Palak Services Ltd's last filed accounts?
Palak Services Ltd's last accounts filed at Companies House, to 30 June 2026, showed total assets of £130k, cash of £130k, net assets of £120k. For a distressed company the last filing often predates the insolvency by a year or more.
How many insolvency notices does Palak Services Ltd have?
Palak Services Ltd has 3 insolvency notices recorded in The London Gazette, the most recent being a Resolution for winding up (MVL) on 14 August 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.