Cross Street Developments LTD faces a winding-up petition
Active Company no. SC557031 Incorporated Feb 2017 Hospitality & Food Service PH postcode area
40 St. John Street, Perth, PH1 5SP
The most recent insolvency notice for Cross Street Developments LTD is a Petitions to wind up (Companies), published 29 September 2026 in The London Gazette. The office holder is J Wegorowska, Officer of Revenue & Customs, HM Revenue & Customs, HMRC Legal Group, Queen Elizabeth House, Edinburgh. The petition was presented by HM Revenue & Customs. The case is before the Perth Sheriff Court. Its last accounts filed at Companies House, to 28 February 2025, showed total assets of £7k and net assets of -£104k. On those figures the company was already balance-sheet insolvent — its liabilities exceeded its assets — at that date, 19 months before its first insolvency notice. 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
As at 28 February 2025 · micro entity accounts · unaudited · filed 19 months before the first insolvency notice
Average employees during the period: 8
Insolvency notices (1)
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Petitions to wind up (Companies) 29 Sep 2026
A petition was presented to Perth Sheriff Court to wind up CROSS STREET DEVELOPMENTS LTD.
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 Until it does, the petition can still be dismissed or withdrawn — if the debt is paid, if it is genuinely disputed on substantial grounds, if the company has a cross-claim larger than the debt, or if the court is persuaded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 Cross Street Developments 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 last filed accounts, to February 2025, already showed negative net assets of -£104k, 19 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 Cross Street Developments LTD in liquidation?
The most recent insolvency notice for Cross Street Developments LTD (company no. SC557031) is a Petitions to wind up (Companies), published 29 September 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 Cross Street Developments LTD's last filed accounts?
Cross Street Developments LTD's last accounts filed at Companies House, to 28 February 2025, showed total assets of £7k, net assets of -£104k. For a distressed company the last filing often predates the insolvency by a year or more.
How many insolvency notices does Cross Street Developments LTD have?
Cross Street Developments LTD has 1 insolvency notice recorded in The London Gazette, the most recent being a Petitions to wind up (Companies) on 29 September 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.