Palm Panasia Deane Gate Limited goes into liquidation
Active Company no. 12382854 Incorporated Jan 2020 Hospitality & Food Service SO postcode area
Newfrith House, 21 Hyde Street, Winchester, SO23 7DR
The most recent insolvency notice for Palm Panasia Deane Gate Limited is an Appointment of liquidators (CVL), published 05 October 2026 in The London Gazette. The office holders are Craig Povey (IP No. 9665); Mark Malone (IP No. 15970), appointed 30 September 2026. Its last accounts filed at Companies House, to 31 January 2021, showed total assets of £171k and net assets of -£4k. On those figures the company was already balance-sheet insolvent — its liabilities exceeded its assets — at that date, 67 months before its first insolvency notice. 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 January 2021 · total exemption full accounts · unaudited · filed 67 months before the first insolvency notice
Average employees during the period: 23
Insolvency notices (3)
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Appointment of liquidators (CVL) 05 Oct 2026
The notice announces that creditors have appointed Craig Povey and Mark Malone of BTG Begbies Traynor (Central) LLP as liquidators of PALM PANASIA DEANE GATE LIMITED on 30 September 2026.
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Resolution for winding up (CVL) 05 Oct 2026
PALM PANASIA DEANE GATE LIMITED resolved at its members’ meeting on 30 September 2026 to be voluntarily wound up and appointed Craig Povey and Mark Malone as joint liquidators.
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Petitions to wind up (Companies) 07 Aug 2026
A petition to wind up PALM PANASIA DEANE GATE LIMITED has been filed by HM Revenue & Customs and will be heard in the High Court on 19 August 2026 at 10:30 hours.
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 Palm Panasia Deane Gate 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
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What the public record showed for this company before its insolvency notice:
- Its last filed accounts, to January 2021, already showed negative net assets of -£4k, 67 months before the first insolvency notice.
- Its accounts were overdue at Companies House.
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 Palm Panasia Deane Gate Limited in liquidation?
The most recent insolvency notice for Palm Panasia Deane Gate Limited (company no. 12382854) is a Appointment of liquidators (CVL), published 05 October 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 Palm Panasia Deane Gate Limited's last filed accounts?
Palm Panasia Deane Gate Limited's last accounts filed at Companies House, to 31 January 2021, showed total assets of £171k, cash of £18k, net assets of -£4k. For a distressed company the last filing often predates the insolvency by a year or more.
How many insolvency notices does Palm Panasia Deane Gate Limited have?
Palm Panasia Deane Gate Limited has 3 insolvency notices recorded in The London Gazette, the most recent being a Appointment of liquidators (CVL) on 05 October 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.
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.