Pennywise Payroll Ltd faces a winding-up petition
Active Company no. 16162122 Incorporated Jan 2025 N postcode area
1 Bedford Mews, London, N2 9DF
The most recent insolvency notice for Pennywise Payroll Ltd is a Petitions to wind up (Companies), published 23 October 2026 in The London Gazette. The petition was presented by HM Revenue & Customs. The case is before the High Court of Justice (case CR-2026-007055 of 2026). The petition is listed to be heard on 04 November 2026 at 1030 hours. 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
Not yet retrieved. Accounts are currently overdue at Companies House.
Insolvency notices (1)
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Petitions to wind up (Companies) 23 Oct 2026
A petition to wind up Pennywise Payroll Ltd has been filed by HM Revenue and Customs and will be heard in the High Court on 4 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 Until it does, the petition can still be dismissed or withdrawn — if the debt is paid, if it is genuinely disputed on substantial grounds, if the company has a cross-claim larger than the debt, or if the court is persuaded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.
Quote case number CR-2026-007055 of 2026 and the High Court of Justice in any correspondence about the case, together with company number 16162122.
Owed money by Pennywise Payroll 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?
What the public record showed for this company before its 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 Pennywise Payroll Ltd in liquidation?
The most recent insolvency notice for Pennywise Payroll Ltd (company no. 16162122) is a Petitions to wind up (Companies), published 23 October 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 Pennywise Payroll Ltd's last filed accounts?
Not yet retrieved for Pennywise Payroll Ltd at Companies House.
How many insolvency notices does Pennywise Payroll Ltd have?
Pennywise Payroll Ltd has 1 insolvency notice recorded in The London Gazette, the most recent being a Petitions to wind up (Companies) on 23 October 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.