G M Sweet Limited faces a winding-up petition
Active Company no. 10980106 Incorporated Sep 2017 Construction EC postcode area
30 Old Bailey, London, EC4M 7AU
The most recent insolvency notice for G M Sweet Limited is a Petitions to wind up (Companies), published 20 August 2026 in The London Gazette. The petition was presented by HM Revenue & Customs. The case is before the High Court of Justice (case CR-2026-005491). The petition was listed to be heard on 02 September 2026 at 10:30 hours — a date that has now passed, and the Gazette notice is not updated afterwards. Its last accounts filed at Companies House, to 31 December 2024, showed total assets of £10.1m and net assets of £1.8m. Those accounts were filed 19 months before the first insolvency notice, so they describe the company well before the process began. 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.
HMRC is the petitioning creditor, so the debt behind the petition is unpaid tax — most often VAT, PAYE or corporation tax — rather than a trade debt. HMRC petitions usually follow a long run of missed payments and ignored demands.
Last filed balance sheet
As at 31 December 2024 · total exemption full accounts · unaudited · filed 19 months before the first insolvency notice
Insolvency notices (1)
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Petitions to wind up (Companies) 20 Aug 2026
A petition to wind up G M SWEET LIMITED has been filed by HM Revenue and Customs and will be heard on 2 September 2026.
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 Until it does, the petition can still be dismissed or withdrawn — if the debt is paid, if it is genuinely disputed on substantial grounds, if the company has a cross-claim larger than the debt, or if the court is persuaded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-2026-005491 and the High Court of Justice in any correspondence about the case, together with company number 10980106.
Owed money by G M Sweet 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
Is your own business showing the same warning signs?
What the public record showed for this company before its insolvency notice:
- Its most recent accounts were 19 months old when the first insolvency notice was published.
Each of these is visible months before a Gazette notice. Directors who act at that stage keep far more options open, from an informal turnaround to a CVA or restructuring plan.
Frequently asked questions
Is G M Sweet Limited in liquidation?
The most recent insolvency notice for G M Sweet Limited (company no. 10980106) is a Petitions to wind up (Companies), published 20 August 2026 in The London Gazette. 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 were G M Sweet Limited's last filed accounts?
G M Sweet Limited's last accounts filed at Companies House, to 31 December 2024, showed total assets of £10.1m, cash of £60k, net assets of £1.8m. For a distressed company the last filing often predates the insolvency by a year or more.
How many insolvency notices does G M Sweet Limited have?
G M Sweet Limited has 1 insolvency notice recorded in The London Gazette, the most recent being a Petitions to wind up (Companies) on 20 August 2026.
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.
Who presented the winding-up petition, and why?
The petition was presented by HM Revenue & Customs. HMRC is the petitioning creditor, so the debt behind the petition is unpaid tax — most often VAT, PAYE or corporation tax — rather than a trade debt. HMRC petitions usually follow a long run of missed payments and ignored demands.
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.