SAS Wholesale Limited faces a winding-up petition
Active Company no. 15211231 Incorporated Oct 2023 Retail & Wholesale HA postcode area
Office 25 Silverbox House,Magnet Road, East Lane Business Park, Wembley, HA9 7FP
The most recent insolvency notice for SAS Wholesale Limited is a Petitions to wind up (Companies), published 10 November 2026 in The London Gazette. The petition was presented by DAIKIN AIRCONDITIONING UK LIMITED. The case is before the High Court of Justice (case CR-2026-007628). The petition is listed to be heard on Wednesday 25 November 2026, 10:30. Its last accounts filed at Companies House, to 31 October 2025, showed total assets of £38k and net assets of £11k. Those accounts were filed 12 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.
The petitioning creditor is another company, so the debt behind the petition is a commercial one — typically an unpaid invoice, rent, or a judgment that went unsatisfied — rather than a tax liability.
Last filed balance sheet
As at 31 October 2025 · micro entity accounts · unaudited · filed 12 months before the first insolvency notice
Average employees during the period: 2
Insolvency notices (1)
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Petitions to wind up (Companies) 10 Nov 2026
A petition to wind up SAS Wholesale Limited has been filed by Daikin Airconditioning UK Limited and will be heard in the High Court on 25 November 2026.
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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 Until it does, the petition can still be dismissed or withdrawn — if the debt is paid, if it is genuinely disputed on substantial grounds, if the company has a cross-claim larger than the debt, or if the court is persuaded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-2026-007628 and the High Court of Justice in any correspondence about the case, together with company number 15211231.
Owed money by SAS Wholesale 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
- Facing a Winding-Up Petition?
- How to Stop a Winding-Up Petition
- Compulsory Liquidation Explained
- The Risks of Trading While Insolvent
- Business Turnaround: Options for Directors
Closing a company of your own? Get a fixed-fee liquidation quote.
Been served with a winding-up petition yourself?
You have about seven working days before it is advertised and the bank freezes the account. In that window a petition can still be paid, disputed, adjourned or overtaken by a rescue. K2's petition desk responds within one working day; if the hearing is this week, call now.
Frequently asked questions
Is SAS Wholesale Limited in liquidation?
The most recent insolvency notice for SAS Wholesale Limited (company no. 15211231) is a Petitions to wind up (Companies), published 10 November 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 SAS Wholesale Limited's last filed accounts?
SAS Wholesale Limited's last accounts filed at Companies House, to 31 October 2025, showed total assets of £38k, net assets of £11k. For a distressed company the last filing often predates the insolvency by a year or more.
How many insolvency notices does SAS Wholesale Limited have?
SAS Wholesale Limited has 1 insolvency notice recorded in The London Gazette, the most recent being a Petitions to wind up (Companies) on 10 November 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 DAIKIN AIRCONDITIONING UK LIMITED. The petitioning creditor is another company, so the debt behind the petition is a commercial one — typically an unpaid invoice, rent, or a judgment that went unsatisfied — rather than a tax liability.
How much did the company owe?
The notices do not give a figure. The closest public number is total liabilities of £26k in its last filed accounts, to 31 October 2025. What was owed when the process began will differ, and is set out in the statement of affairs.
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.