Lok Assets Ltd members' voluntary liquidation
Liquidation Company no. NI721045 Incorporated Sep 2024 Real Estate BT postcode area
6 Northland Row, Dungannon, BT71 6AW
The most recent insolvency notice for Lok Assets Ltd is a Notices to creditors (MVL), published 16 October 2026 in The London Gazette. The office holders are Gerard Gildernew, Gildernew and Co, appointed 9 October 2026. Its last accounts filed at Companies House, to 31 December 2025, showed total assets of £647k and net assets of £638k. A members' voluntary liquidation (MVL) is the solvent, orderly winding-up of a company that can pay its debts in full — usually part of a director's retirement, a group restructure, or closing a company that has served its purpose. It is a planned closure, not a sign of financial distress.
Last filed balance sheet
As at 31 December 2025 · micro entity accounts · unaudited · filed 9 months before the first insolvency notice
Insolvency notices (3)
-
Notices to creditors (MVL) 16 Oct 2026
Lok Assets Ltd has been placed into a solvent member’s voluntary liquidation and creditors must submit claims by 9 November 2026.
-
Resolution for winding up (MVL) 16 Oct 2026
LOK ASSETS LTD resolved to voluntarily wind up and appointed Gerard Gildernew as liquidator at its members' meeting on 9 October 2026.
-
Appointment of liquidators (MVL) 16 Oct 2026
The notice announces the appointment of Gerard Gildernew as liquidator of LOK ASSETS LTD on 9 October 2026, appointed by a member.
What happens next
Because this is a solvent liquidation, creditors are paid in full. The liquidator advertises for claims, settles them, distributes the surplus to the shareholders and the company is then dissolved. Anyone owed money should still submit their claim to the liquidator named in the notice, and within the period the notice states.
Owed money by Lok Assets 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
Frequently asked questions
Is Lok Assets Ltd in financial difficulty?
No — the most recent process is a solvent one. A members' voluntary liquidation (MVL) is the solvent, orderly winding-up of a company that can pay its debts in full — usually part of a director's retirement, a group restructure, or closing a company that has served its purpose. It is a planned closure, not a sign of financial distress. The most recent insolvency notice for Lok Assets Ltd (company no. NI721045) is a Notices to creditors (MVL), published 16 October 2026 in The London Gazette.
What were Lok Assets Ltd's last filed accounts?
Lok Assets Ltd's last accounts filed at Companies House, to 31 December 2025, showed total assets of £647k, net assets of £638k. For a distressed company the last filing often predates the insolvency by a year or more.
How many insolvency notices does Lok Assets Ltd have?
Lok Assets Ltd has 3 insolvency notices recorded in The London Gazette, the most recent being a Notices to creditors (MVL) on 16 October 2026.
What happens next?
Because this is a solvent liquidation, creditors are paid in full. The liquidator advertises for claims, settles them, distributes the surplus to the shareholders and the company is then dissolved. Anyone owed money should still submit their claim to the liquidator named in the notice, and within the period the notice states.
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.