Michael Terry Ltd goes into liquidation
Active Company no. 12376665 Incorporated Dec 2019 WD postcode area
146 Manor Way, Borehamwood, WD6 1QX
The most recent insolvency notice for Michael Terry Ltd is an Appointment of liquidators (CVL), published 10 November 2026 in The London Gazette. The office holders are Adam Price and Lane Bednash, CMB Partners UK Limited, 49 Tabernacle Street, London, EC2A 4AA, appointed 3 November 2026. Its last accounts filed at Companies House, to 31 December 2025, showed total assets of £17k and net assets of £10. Liquidation winds a company up: a licensed insolvency practitioner (the liquidator) is appointed to sell the company's assets and distribute the proceeds to creditors in the order fixed by law, after which the company is dissolved. A creditors' voluntary liquidation (CVL) is started by the company's own directors and shareholders once it can no longer pay its debts as they fall due.
Last filed balance sheet
As at 31 December 2025 · total exemption full accounts · unaudited · filed 10 months before the first insolvency notice
Average employees during the period: 1
Insolvency notices (2)
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Appointment of liquidators (CVL) 10 Nov 2026
The notice announces the appointment of Adam Price and Lane Bednash as liquidators of Michael Terry Ltd in a creditors' liquidation.
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Resolution for winding up (CVL) 10 Nov 2026
Michael Terry Ltd resolved to be voluntarily wound up and appointed Adam Price and Lane Bednash of CMB Partners UK Ltd as joint liquidators.
What happens next
The liquidator realises the assets, writes to known creditors inviting claims, reports on the directors' conduct, and distributes what is recovered in the order fixed by law — costs of the liquidation, preferential creditors, secured creditors, then unsecured creditors. Claims go to the liquidator named in the notice, not to the company. The company is dissolved once the liquidation is complete.
Owed money by Michael Terry Ltd?
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?
Falling margins, stretched creditors, overdue filings and HMRC arrears usually appear 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 Michael Terry Ltd in liquidation?
The most recent insolvency notice for Michael Terry Ltd (company no. 12376665) is a Appointment of liquidators (CVL), published 10 November 2026 in The London Gazette. Liquidation winds a company up: a licensed insolvency practitioner (the liquidator) is appointed to sell the company's assets and distribute the proceeds to creditors in the order fixed by law, after which the company is dissolved. A creditors' voluntary liquidation (CVL) is started by the company's own directors and shareholders once it can no longer pay its debts as they fall due.
What were Michael Terry Ltd's last filed accounts?
Michael Terry Ltd's last accounts filed at Companies House, to 31 December 2025, showed total assets of £17k, cash of £2k, net assets of £10. For a distressed company the last filing often predates the insolvency by a year or more.
How many insolvency notices does Michael Terry Ltd have?
Michael Terry Ltd has 2 insolvency notices recorded in The London Gazette, the most recent being a Appointment of liquidators (CVL) on 10 November 2026.
What happens next?
The liquidator realises the assets, writes to known creditors inviting claims, reports on the directors' conduct, and distributes what is recovered in the order fixed by law — costs of the liquidation, preferential creditors, secured creditors, then unsecured creditors. Claims go to the liquidator named in the notice, not to the company. The company is dissolved once the liquidation is complete.
Why did the company go into liquidation?
The Gazette notices record the legal steps, not the cause, so they do not say why the company failed. Its last filed accounts, to 31 December 2025, showed net assets of £10, so any deterioration came after those figures or is not visible in them. For a fuller picture, look in the company's filing history at Companies House for the statement of affairs or the office holder's reports, where these have been filed.
How much did the company owe?
The notices do not give a figure. The closest public number is total liabilities of £17k in its last filed accounts, to 31 December 2025. What was owed when the process began will differ, and is set out in the statement of affairs.
How many jobs are affected?
The notices do not say. The last filed accounts recorded an average of 1 employee in the period to 31 December 2025, which is the closest public figure and may be out of date.
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.