HomeCompanies in LiquidationBritmag Limited

Is Britmag Limited in compulsory liquidation?

Last verified 26 May 2026
In Compulsory LiquidationYes, Britmag Limited (company number 03330996) entered compulsory liquidation on 20 June 2008, by order of the court. The Official Receiver Or London of null was appointed as liquidator.

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Britmag 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

  1. Administration
    7 January 2002
  2. Compulsory liquidation
    20 June 2008

Company at a glance

StatusIn Compulsory Liquidation
Company number03330996
Previously known as
  • Piccadilly 502 Limited, Mar 1997 to Jun 1997
Incorporated10 March 1997 (29 years old)
Registered officeKpmg 1 The Embankment, Neville Street, Leeds, West Yorkshire, LS1 4DW
Date entered compulsory liquidation20 June 2008
LiquidatorThe Official Receiver Or London, null (licensed insolvency practitioner)
Public registerView filing history ↗

About the business

Britmag Limited is a UK limited company based in Leeds, incorporated in 1997 and 11 years old when the liquidator was appointed. There have been 13 director appointments since incorporation, of which 3 were on the board when the liquidator was appointed. 3 charges have been registered against the company, 2 of which are still outstanding.

Directors

13 people have been appointed as directors of Britmag Limited.

DirectorStatusResigned
Ajay Prasad KhaitanActive
Stephen James JonesActive
Jonathan Daniel LassResigned23 Jan 2002
Shiju Jacob VargheseResigned19 Dec 2001
John Andrew Nicholson+ 1 otherResigned5 Sep 2001
7 former directors · resigned 1997 to 2001
Michael Paul SayerResigned31 Jan 2001
Sivasis SarkarResigned1 Nov 1999
Ian WatlingResigned30 Sep 1999
LSG Services LimitedResigned19 Feb 1999
Vinay SudumbrekarResigned14 Nov 1997
Michael Samuel Philip GarvinResigned2 Jun 1997
David PollacchiResigned2 Jun 1997

A director resignation shortly before an insolvency is a matter of public record; it does not by itself imply wrongdoing.

Charges register

Secured creditors and encumbrances against the company. 2 outstanding · 1 satisfied.

Status · Creditor · Type · Dates
OutstandingGmac Commercial Credit Limited ("Gmac")
Equipment mortgage · Created 29 Nov 2000 · Pending
OutstandingBny International Limited
Composite guarantee and debenture · Created 25 Feb 1999 · Pending
SatisfiedCredit Lyonnais Commercial Finance Limited
Debenture · Created 14 Aug 1997 · Satisfied 17 Jan 2002

What happened

EventDateType
Administrator's abstract of receipts and payments15 July 20082.15
Notice of discharge of Administration Order15 July 20082.19
Compulsory liquidationStatus20 June 2008
Administrator's abstract of receipts and payments24 January 20082.15
Administrator's abstract of receipts and payments16 August 20072.15
61 earlier events · 1997 to 2007
Administrator's abstract of receipts and payments22 January 20072.15
Administrator's abstract of receipts and payments2 August 20062.15
Administrator's abstract of receipts and payments6 March 20062.15
Administrator's abstract of receipts and payments24 August 20052.15
Administrator's abstract of receipts and payments3 February 20052.15
Administrator's abstract of receipts and payments26 July 20042.15
Administrator's abstract of receipts and payments3 February 20042.15
Administrator's abstract of receipts and payments9 September 20032.15
Administrator's abstract of receipts and payments22 January 20032.15
Administrator's abstract of receipts and payments6 August 20022.15
Notice of result of meeting of creditors10 April 20022.23
Statement of administrator's proposal15 March 20022.21
Notice of Administration Order7 February 20022.6
Legacy2 February 2002288b
Legacy2 February 2002288b
Legacy23 January 2002287
Legacy17 January 2002403a
Legacy17 January 2002288b
AdministrationStatus7 January 2002
Group of companies' accounts made up1 November 2001AA
Legacy4 May 2001288a
Legacy23 April 2001363s
Legacy8 December 2000395
Legacy15 August 2000288a
Legacy9 August 2000288a
Full group accounts made up3 August 2000AA
Legacy23 May 2000287
Legacy7 April 2000363s
Legacy7 April 2000288b
Auditor's resignation1 March 2000AUD
Legacy20 December 1999288a
Legacy27 October 1999288b
Legacy27 October 1999288b
Full group accounts made up18 October 1999AA
Legacy4 July 1999288c
Legacy4 July 1999363a
Legacy11 March 1999395
Legacy26 February 1999287
Legacy26 February 1999288a
Legacy21 October 1998363b
Legacy21 October 1998288b
Legacy9 October 1998288c
Full accounts made up15 June 1998AA
Legacy27 April 199888(2)R
Legacy20 April 1998288a
Legacy17 April 1998288a
Legacy27 January 1998225
Legacy10 October 1997288a
Legacy16 September 1997288a
Legacy21 August 1997395
Legacy19 August 199788(2)R
Resolutions19 August 1997RESOLUTIONS
Resolutions19 August 1997RESOLUTIONS
Resolutions19 August 1997RESOLUTIONS
Legacy19 August 1997123
Legacy19 August 1997123
Legacy11 June 1997288b
Legacy11 June 1997288b
Certificate of change of name9 June 1997CERTNM
Legacy9 June 1997288a
Resolutions8 June 1997RESOLUTIONS
Incorporation10 March 1997NEWINC

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

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Other companies in compulsory liquidation

All UK companies in compulsory liquidation

Related guides

What is a validation order?The order debts are paidWarning signs in your other customersWhat the filings mean

The bigger picture

The state of UK insolvency

Frequently asked questions

Is Britmag Limited in compulsory liquidation?
Yes. Britmag Limited (company number 03330996) entered compulsory liquidation on 20 June 2008, by order of the court. The Official Receiver Or London of null was appointed as liquidator.
Who is the liquidator of Britmag Limited?
The Official Receiver Or London, a licensed insolvency practitioner at null, was appointed liquidator of Britmag Limited on 20 June 2008. Creditors can contact the liquidator directly to submit a claim.
Where is Britmag Limited based?
Britmag Limited's registered office is Kpmg 1 The Embankment, Neville Street, Leeds, West Yorkshire, LS1 4DW. The registered office is the address held on the public register, which is not always the trading address.
When was Britmag Limited founded?
Britmag Limited was incorporated on 10 March 1997, 11 years before the liquidator was appointed.
What is Britmag Limited's company number?
Britmag Limited's registered company number is 03330996.
Does Britmag Limited have any outstanding charges?
2 outstanding charges are registered against Britmag Limited out of 3 on file. Outstanding charges represent secured creditors who rank ahead of unsecured creditors in any recovery.
What does liquidation mean for creditors of Britmag 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 Britmag 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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