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Budget Workwear UK Ltd Is Budget Workwear UK Ltd in compulsory liquidation?
Last verified 27 May 2026
Yes, Budget Workwear UK Ltd (company number 12566940) entered compulsory liquidation on 29 March 2022, by order of the court. The Official Receiver Or London of null was appointed as liquidator.
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Budget Workwear UK Ltd 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.
Company at a glance
| Status | In Compulsory Liquidation |
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| Company number | 12566940 |
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| Incorporated | 21 April 2020 (6 years old) |
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| Registered office | Metropolitan House Longrigg, Swalwell, Newcastle Upon Tyne, NE16 3AS |
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| Nature of business (SIC) | 46420: Wholesale of clothing and footwear (Retail) |
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| Date entered compulsory liquidation | 29 March 2022 |
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| Liquidator | The Official Receiver Or London, null (licensed insolvency practitioner) |
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| Public register | View filing history ↗ |
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About the business
Budget Workwear UK Ltd is a retail business based in Newcastle upon Tyne, incorporated in 2020 and 2 years old when the liquidator was appointed. Its registered activity is wholesale of clothing and footwear (SIC 46420). There have been 2 director appointments since incorporation, of which 1 was on the board when the liquidator was appointed, alongside 1 person with significant control.
Directors
2 people have been appointed as directors of Budget Workwear UK Ltd.
DirectorStatusAppointedResigned
A director resignation shortly before an insolvency is a matter of public record; it does not by itself imply wrongdoing.
Persons with significant control
Individuals or entities with significant influence or control.
Mr Garry Rutherford
individual person with significant control · British · England
Ownership of shares 75-100%
1 ceased control
- Mr Mark Maddock · ceased 21 Dec 2020
What happened
EventDateType
Order of court to wind up9 May 2022COCOMP
Order of court to wind up5 May 2022COCOMP
Compulsory liquidationStatus29 March 2022
Appointment as a director5 March 2021AP01 Confirmation statement made with updates4 March 2021CS01 +4 earlier events · 2021
Termination of appointment as a director4 March 2021TM01 Notification as a person with significant control4 March 2021PSC01 Registered office address changed7 January 2021AD01 Cessation as a person with significant control5 January 2021PSC07 Incorporation21 April 2020NEWINC 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
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See how Protect works, £24/mo →Other retail companies in compulsory liquidation
Related guides
The bigger picture
Frequently asked questions
- Is Budget Workwear UK Ltd in compulsory liquidation?
- Yes. Budget Workwear UK Ltd (company number 12566940) entered compulsory liquidation on 29 March 2022, by order of the court. The Official Receiver Or London of null was appointed as liquidator.
- Who is the liquidator of Budget Workwear UK Ltd?
- The Official Receiver Or London, a licensed insolvency practitioner at null, was appointed liquidator of Budget Workwear UK Ltd on 29 March 2022. Creditors can contact the liquidator directly to submit a claim.
- What does Budget Workwear UK Ltd do?
- Budget Workwear UK Ltd's registered nature of business is wholesale of clothing and footwear (SIC 46420). It is classified in the retail sector.
- Where is Budget Workwear UK Ltd based?
- Budget Workwear UK Ltd's registered office is Metropolitan House Longrigg, Swalwell, Newcastle Upon Tyne, NE16 3AS. The registered office is the address held on the public register, which is not always the trading address.
- When was Budget Workwear UK Ltd founded?
- Budget Workwear UK Ltd was incorporated on 21 April 2020, 2 years before the liquidator was appointed.
- What is Budget Workwear UK Ltd's company number?
- Budget Workwear UK Ltd's registered company number is 12566940.
- Who has significant control of Budget Workwear UK Ltd?
- 1 active person with significant control over Budget Workwear UK Ltd is on the register: Mr Garry Rutherford.
- What does liquidation mean for creditors of Budget Workwear UK Ltd?
- 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 Budget Workwear UK Ltd'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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