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Bearings & Power Drives Limited Is Bearings & Power Drives Limited in compulsory liquidation?
Last verified 26 May 2026
Yes, Bearings & Power Drives Limited (company number 01628184) entered compulsory liquidation on 31 May 1990, by order of the court.
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Bearings & Power Drives Limited is now in compulsory liquidation. Below are the key dates, the directors, the public-record timeline that led here, and what the liquidation means if you are a creditor, employee, customer or supplier.
How the case progressed
Administration
5 April 1988
Compulsory liquidation
31 May 1990
Company at a glance
| Status | In Compulsory Liquidation |
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| Company number | 01628184 |
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| Previously known as | - Spadework Limited, Apr 1982 to Aug 1982
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| Incorporated | 8 April 1982 (44 years old) |
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| Registered office | St James House, King Edward Court, Nottingham, NG1 1EW |
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| Date entered compulsory liquidation | 31 May 1990 |
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| Public register | View filing history ↗ |
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About the business
Bearings & Power Drives Limited is a UK limited company based in Nottingham, incorporated in 1982 and 8 years old when the liquidator was appointed. 2 charges have been registered against the company, 2 of which are still outstanding.
Directors
0 people have been appointed as directors of Bearings & Power Drives Limited.
DirectorStatusAppointedResigned
Charges register
Secured creditors and encumbrances against the company. 2 outstanding · 0 satisfied.
Status · Creditor · Type · Dates
OutstandingLloyds Bank PLC
Single debenture · Created 27 May 1987 · Pending
OutstandingBarclays Bank PLC
Debenture · Created 20 Apr 1983 · Pending
What happened
EventDateType
First Gazette notice for compulsory strike-off10 July 2018GAZ1 Administrator's abstract of receipts and payments19 August 19912.15
Administrator's abstract of receipts and payments7 March 19912.15
Administrator's abstract of receipts and payments3 July 19902.15
Administrator's abstract of receipts and payments3 July 19902.15
+13 earlier events · 1987 to 1990
Administrator's abstract of receipts and payments3 July 19902.15
Miscellaneous3 July 1990MISC
Notice of discharge of Administration Order22 June 19902.19
Order of court to wind up18 June 1990COCOMP
Compulsory liquidationStatus31 May 1990
Compulsory strike-off action has been discontinued3 January 1990DISS40 First Gazette notice for compulsory strike-off5 December 1989GAZ1 Accounts for a small company made up17 May 1988AA AdministrationStatus5 April 1988
Accounts for a small company made up26 March 1987AA A selection of documents registered before 1 January 19871 January 1987PRE87
What this means for you
If you are a creditor
Submit your proof of debt to the liquidator. Once liquidation begins, no creditor can start or continue legal action without the court's permission. Unsecured creditors rank after secured and preferential creditors and are usually paid last, often only a portion.
Owed money by a company in liquidation →If you are an employee
Employees are preferential creditors for certain unpaid wages and holiday pay, and may be able to claim from the Redundancy Payments Service if roles are made redundant.
Employee rights and redundancy pay →If you are a customer
Deposits paid are usually unsecured claims. Contracts may be terminated by the liquidator. Contact the liquidator about outstanding work or refunds.
What customers can recover →If you are a supplier
Goods supplied before the liquidation began are an unsecured claim. Check whether any retention-of-title clause lets you identify and recover specific goods.
How retention of title works →Don't be the last to know next time
Most suppliers only find out a customer has failed once it is announced. By then it is too late. Protect monitors every company you sell to and emails you as the warning signs build, well before it becomes official. We can't stop a customer failing, but you'll never be the last to know, and you'll know you did all you could.
See how Protect works, £24/mo →Other companies in compulsory liquidation
Related guides
The bigger picture
Frequently asked questions
- Is Bearings & Power Drives Limited in compulsory liquidation?
- Yes. Bearings & Power Drives Limited (company number 01628184) entered compulsory liquidation on 31 May 1990, by order of the court.
- Where is Bearings & Power Drives Limited based?
- Bearings & Power Drives Limited's registered office is St James House, King Edward Court, Nottingham, NG1 1EW. The registered office is the address held on the public register, which is not always the trading address.
- When was Bearings & Power Drives Limited founded?
- Bearings & Power Drives Limited was incorporated on 8 April 1982, 8 years before the liquidator was appointed.
- What is Bearings & Power Drives Limited's company number?
- Bearings & Power Drives Limited's registered company number is 01628184.
- Does Bearings & Power Drives Limited have any outstanding charges?
- 2 outstanding charges are registered against Bearings & Power Drives Limited out of 2 on file. Outstanding charges represent secured creditors who rank ahead of unsecured creditors in any recovery.
- What does liquidation mean for creditors of Bearings & Power Drives Limited?
- Liquidation is the formal wind-up of a company. Once it begins, the liquidator collects assets, settles claims in statutory order (secured, preferential, then unsecured) and distributes whatever remains. Unsecured creditors often recover only a portion of what they are owed, and sometimes nothing.
- How long does liquidation take?
- Most liquidations run for 12 to 24 months, longer where the company has complex assets, litigation, or ongoing trading. Annual progress reports are filed by the liquidator until the company is dissolved at the end of the process.
- Will creditors get paid in Bearings & Power Drives Limited's liquidation?
- Secured creditors are paid from the assets they hold a charge over. Preferential creditors (employee wages up to limits, pension contributions, HMRC for certain taxes) come next. Unsecured creditors share whatever remains, which may be nothing. The Statement of Affairs, when filed, sets out the liquidator's estimate at the point of appointment.
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