Portland Fabrics LLP goes into liquidation
Active Company no. OC339576 Incorporated Aug 2008 WS postcode area
New Media House, Davidson Road, Lichfield, WS14 9DZ
The most recent insolvency notice for Portland Fabrics LLP is an Appointment of liquidators (CVL), published 21 October 2026 in The London Gazette. The office holder is Chris Parkman, of Purnells and, Unit 5a, Kernick Industrial Estate, Penryn, Cornwall TR10 9EP, appointed 20 October 2026. Its last accounts filed at Companies House, to 31 March 2025, showed total assets of £34k and net assets of -£61k. On those figures the company was already balance-sheet insolvent — its liabilities exceeded its assets — at that date, 18 months before its first insolvency notice. Liquidation winds a company up: a licensed insolvency practitioner (the liquidator) is appointed to sell the company's assets and distribute the proceeds to creditors in the order fixed by law, after which the company is dissolved. A creditors' voluntary liquidation (CVL) is started by the company's own directors and shareholders once it can no longer pay its debts as they fall due.
Last filed balance sheet
As at 31 March 2025 · total exemption full accounts · unaudited · filed 18 months before the first insolvency notice
Average employees during the period: 1
Insolvency notices (2)
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Appointment of liquidators (CVL) 21 Oct 2026
The notice announces that the members have appointed Chris Parkman as liquidator of PORTLAND FABRICS LLP on 20 October 2026.
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Resolution for winding up (CVL) 21 Oct 2026
Portland Fabrics LLP resolved to voluntarily wind up its business and appointed Chris Parkman as liquidator.
What happens next
The liquidator realises the assets, writes to known creditors inviting claims, reports on the directors' conduct, and distributes what is recovered in the order fixed by law — costs of the liquidation, preferential creditors, secured creditors, then unsecured creditors. Claims go to the liquidator named in the notice, not to the company. The company is dissolved once the liquidation is complete.
Owed money by Portland Fabrics LLP?
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 last filed accounts, to March 2025, already showed negative net assets of -£61k, 18 months before the first insolvency notice.
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 Portland Fabrics LLP in liquidation?
The most recent insolvency notice for Portland Fabrics LLP (company no. OC339576) is a Appointment of liquidators (CVL), published 21 October 2026 in The London Gazette. Liquidation winds a company up: a licensed insolvency practitioner (the liquidator) is appointed to sell the company's assets and distribute the proceeds to creditors in the order fixed by law, after which the company is dissolved. A creditors' voluntary liquidation (CVL) is started by the company's own directors and shareholders once it can no longer pay its debts as they fall due.
What were Portland Fabrics LLP's last filed accounts?
Portland Fabrics LLP's last accounts filed at Companies House, to 31 March 2025, showed total assets of £34k, cash of £12k, net assets of -£61k. For a distressed company the last filing often predates the insolvency by a year or more.
How many insolvency notices does Portland Fabrics LLP have?
Portland Fabrics LLP has 2 insolvency notices recorded in The London Gazette, the most recent being a Appointment of liquidators (CVL) on 21 October 2026.
What happens next?
The liquidator realises the assets, writes to known creditors inviting claims, reports on the directors' conduct, and distributes what is recovered in the order fixed by law — costs of the liquidation, preferential creditors, secured creditors, then unsecured creditors. Claims go to the liquidator named in the notice, not to the company. The company is dissolved once the liquidation is complete.
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.