Ppnl SPV B48 - 1 Limited members' voluntary liquidation
Active Company no. 10494662 Incorporated Nov 2016 WC postcode area
27 Old Gloucester Street, London, WC1N 3AX
The most recent insolvency notice for Ppnl SPV B48 - 1 Limited is a Notices to creditors (MVL), published 23 October 2026 in The London Gazette. The office holder is Lauren Rachel Cullen, appointed 21 October 2026. Its last accounts filed at Companies House, to 31 December 2025, showed total assets of £116k and net assets of £271k. 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 31 December 2025 · total exemption full accounts · unaudited · filed 9 months before the first insolvency notice
Total liabilities is not shown for this company: the filed balance sheet did not reconcile against the figures we could read, so the total would be incomplete.
Insolvency notices (3)
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Notices to creditors (MVL) 23 Oct 2026
The notice informs creditors of PPNL SPV B48 - 1 LIMITED that they must submit their claims by 24 November 2026 and that the company is being wound up following a Declaration of Solvency, with all known creditors to be paid in full.
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Appointment of liquidators (MVL) 23 Oct 2026
The notice announces that the members have appointed Lauren Rachel Cullen as liquidator of PPNL SPV B48 - 1 LIMITED.
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Resolution for winding up (MVL) 23 Oct 2026
PPNL SPV B48 - 1 LIMITED resolved to voluntarily wind up the company and appointed Lauren Rachel Cullen as liquidator on 21 October 2026.
What happens next
Because this is a solvent liquidation, creditors are paid in full. The liquidator advertises for claims, settles them, distributes the surplus to the shareholders and the company is then dissolved. Anyone owed money should still submit their claim to the liquidator named in the notice, and within the period the notice states.
Owed money by Ppnl SPV B48 - 1 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
Frequently asked questions
Is Ppnl SPV B48 - 1 Limited 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 Ppnl SPV B48 - 1 Limited (company no. 10494662) is a Notices to creditors (MVL), published 23 October 2026 in The London Gazette.
What were Ppnl SPV B48 - 1 Limited's last filed accounts?
Ppnl SPV B48 - 1 Limited's last accounts filed at Companies House, to 31 December 2025, showed total assets of £116k, cash of £100, net assets of £271k. For a distressed company the last filing often predates the insolvency by a year or more.
How many insolvency notices does Ppnl SPV B48 - 1 Limited have?
Ppnl SPV B48 - 1 Limited has 3 insolvency notices recorded in The London Gazette, the most recent being a Notices to creditors (MVL) on 23 October 2026.
What happens next?
Because this is a solvent liquidation, creditors are paid in full. The liquidator advertises for claims, settles them, distributes the surplus to the shareholders and the company is then dissolved. Anyone owed money should still submit their claim to the liquidator named in the notice, and within the period the notice states.
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.