Thrive Transformation Limited faces a winding-up petition

The most recent insolvency notice for Thrive Transformation Limited is a Petitions to wind up (Companies), published 20 October 2026 in The London Gazette. The petition was presented by Mr Hasmukh Sukhabhai Mistry and Mrs Urmila Hasmukh Mistry. The case is before the High Court of Justice, Business and Property Courts (case CR-2026-007540). The petition is listed to be heard on Wednesday 18 November 2026 at 10:30am. Its last accounts filed at Companies House, to 30 November 2025, showed total assets of £2k and net assets of -£3.0m. On those figures the company was already balance-sheet insolvent — its liabilities exceeded its assets — at that date, 10 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.

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 Until it does, the petition can still be dismissed or withdrawn — if the debt is paid, if it is genuinely disputed on substantial grounds, if the company has a cross-claim larger than the debt, or if the court is persuaded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-2026-007540 and the High Court of Justice, Business and Property Courts in any correspondence about the case, together with company number 10482019.