Proper Property Inc Limited faces a winding-up petition
Active Company no. 16670489 Incorporated Aug 2025 Real Estate DN postcode area
3 Searby Road, Scunthorpe, DN17 2JU
The most recent insolvency notice for Proper Property Inc Limited is a Petitions to wind up (Companies), published 22 October 2026 in The London Gazette. The petition was presented by TIDE PLATFORM LTD on 15/09/2026. The case is before the Newcastle Civil & Family Courts And Tribunals Centre (case CR-2026-NCL-000114). The petition is listed to be heard on 03/11/2026 10:00am. 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
Not yet retrieved.
Insolvency notices (1)
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Petitions to wind up (Companies) 22 Oct 2026
A petition to wind up Proper Property Inc Limited has been filed and a hearing is scheduled for 3 November 2026 at Newcastle Civil & Family Courts and Tribunals Centre.
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 Until it does, the petition can still be dismissed or withdrawn — if the debt is paid, if it is genuinely disputed on substantial grounds, if the company has a cross-claim larger than the debt, or if the court is persuaded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-NCL-000114 and the Newcastle Civil & Family Courts And Tribunals Centre in any correspondence about the case, together with company number 16670489.
Owed money by Proper Property Inc 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
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 Proper Property Inc Limited in liquidation?
The most recent insolvency notice for Proper Property Inc Limited (company no. 16670489) is a Petitions to wind up (Companies), published 22 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 Proper Property Inc Limited's last filed accounts?
Not yet retrieved for Proper Property Inc Limited at Companies House.
How many insolvency notices does Proper Property Inc Limited have?
Proper Property Inc Limited has 1 insolvency notice recorded in The London Gazette, the most recent being a Petitions to wind up (Companies) on 22 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 TIDE PLATFORM LTD on 15/09/2026. 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.
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.