James Young Engineering Limited faces a winding-up petition
Active Company no. SC040628 Incorporated Jun 1964 Manufacturing G postcode area
Unit 1a 86 Clyde Gateway Trade Park, Dalmarnock Road, Rutherglen, G73 1AN
The most recent insolvency notice for James Young Engineering Limited is a Petitions to wind up (Companies), published 09 October 2026 in The London Gazette. The office holders are James Bernard Stephen, Insolvency Practitioner of BDO LLP, 2 Atlantic Quay, 31 York Street, Glasgow, G2 8NJ; Kerry Franchina Bailey, Insolvency Practitioner of . The case is before the Glasgow Sheriff Court. Its last accounts filed at Companies House, to 31 December 2025, showed total assets of £846k and net assets of £166k. 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.
Last filed balance sheet
As at 31 December 2025 · total exemption full accounts · unaudited · filed 9 months before the first insolvency notice
Total liabilities is not shown for this company: the filed balance sheet did not reconcile against the figures we could read, so the total would be incomplete.
Average employees during the period: 20
Insolvency notices (1)
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Petitions to wind up (Companies) 09 Oct 2026
A petition was presented to Glasgow Sheriff Court to wind up JAMES YOUNG ENGINEERING LIMITED and appoint joint provisional liquidators
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 Until it does, the petition can still be dismissed or withdrawn — if the debt is paid, if it is genuinely disputed on substantial grounds, if the company has a cross-claim larger than the debt, or if the court is persuaded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.
Owed money by James Young Engineering 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 James Young Engineering Limited in liquidation?
The most recent insolvency notice for James Young Engineering Limited (company no. SC040628) is a Petitions to wind up (Companies), published 09 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 James Young Engineering Limited's last filed accounts?
James Young Engineering Limited's last accounts filed at Companies House, to 31 December 2025, showed total assets of £846k, cash of £8k, net assets of £166k. For a distressed company the last filing often predates the insolvency by a year or more.
How many insolvency notices does James Young Engineering Limited have?
James Young Engineering Limited has 1 insolvency notice recorded in The London Gazette, the most recent being a Petitions to wind up (Companies) on 09 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.
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.