Acet Circular Solutions LTD wound up by court order

The most recent insolvency notice for Acet Circular Solutions LTD is a Winding up order (Companies), published 30 October 2026 in The London Gazette. The office holder is C Megram, appointed 12 May 2026. The case is before the Business and Property Courts in Leeds (case No 000248 of 2026). Its last accounts filed at Companies House, to 31 July 2024, showed total assets of £390k and net assets of -£746k. On those figures the company was already balance-sheet insolvent — its liabilities exceeded its assets — at that date, 27 months before its first insolvency notice. 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 happens next

The liquidator now realises the company's assets, invites creditors to prove their debts, and distributes what is recovered in the statutory order: the costs of the liquidation, preferential creditors (including employees' unpaid wages up to the statutory cap), secured creditors, then unsecured creditors. The liquidator must also report on the conduct of the directors. The company is normally dissolved about three months after the liquidator's final account.

Quote case number No 000248 of 2026 and the Business and Property Courts in Leeds in any correspondence about the case, together with company number 13486998.