Terasia Limited members' voluntary liquidation
Active Company no. 10822496 Incorporated Jun 2017 Real Estate WD postcode area
26 Station Road, Watford, WD17 1JU
The most recent insolvency notice for Terasia Limited is a Notices to creditors (MVL), published 06 October 2026 in The London Gazette. The office holders are Nicholas Simmonds; David Meany, appointed 25 September 2026. Its last accounts filed at Companies House, to 15 August 2026, showed total assets of £590k and net assets of £478k. 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 15 August 2026 · unaudited abridged accounts · unaudited · filed 1 month 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.
Average employees during the period: 1
Insolvency notices (3)
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Notices to creditors (MVL) 06 Oct 2026
Creditors of Terasia Limited must submit proof of their debts to the joint liquidators by 6 November 2026 following a members' voluntary liquidation.
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Appointment of liquidators (MVL) 06 Oct 2026
TERASIA LIMITED has appointed Nicholas Simmonds and David Meany of Quantuma Advisory Limited as liquidators in a members' liquidation effective 25 September 2026.
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Resolution for winding up (MVL) 06 Oct 2026
The notice announces that the members of TERASIA LIMITED resolved to voluntarily wind up the company and appointed Nicholas Simmonds and David Meany as joint liquidators.
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 Terasia 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.
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Frequently asked questions
Is Terasia 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 Terasia Limited (company no. 10822496) is a Notices to creditors (MVL), published 06 October 2026 in The London Gazette.
What were Terasia Limited's last filed accounts?
Terasia Limited's last accounts filed at Companies House, to 15 August 2026, showed total assets of £590k, cash of £590k, net assets of £478k. For a distressed company the last filing often predates the insolvency by a year or more.
How many insolvency notices does Terasia Limited have?
Terasia Limited has 3 insolvency notices recorded in The London Gazette, the most recent being a Notices to creditors (MVL) on 06 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.