Portchester Design and Build Limited faces a winding-up petition

The most recent insolvency notice for Portchester Design and Build Limited is a Petitions to wind up (Companies), published 22 July 2026 in The London Gazette. The petition was presented by Travis Perkins Trading Company Limited. The case is before the Manchester Business And Property Courts. The petition was listed to be heard on Tuesday 04 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 30 April 2025, showed total assets of £2.3m and net assets of -£923k. On those figures the company was already balance-sheet insolvent — its liabilities exceeded its assets — at that date, 14 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.

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 Until it does, the petition can still be dismissed or withdrawn — if the debt is paid, if it is genuinely disputed on substantial grounds, if the company has a cross-claim larger than the debt, or if the court is persuaded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.