Who is the liquidator of Celine Group Holdings Limited?

Philip James Watkins, a licensed insolvency practitioner at null, was appointed liquidator of Celine Group Holdings Limited on 14 July 2022. Creditors can contact the liquidator directly to submit a claim.

What does Celine Group Holdings Limited do?

Celine Group Holdings Limited's registered nature of business is activities of head offices (SIC 70100).

Where is Celine Group Holdings Limited based?

Celine Group Holdings Limited's registered office is Second Floor, 110 Cannon Street, London, EC4N 6EU. The registered office is the address held on the public register, which is not always the trading address.

When was Celine Group Holdings Limited founded?

Celine Group Holdings Limited was incorporated on 1 September 1997, 25 years before the liquidator was appointed.

What is Celine Group Holdings Limited's company number?

Celine Group Holdings Limited's registered company number is 03430071.

Who has significant control of Celine Group Holdings Limited?

1 active person with significant control over Celine Group Holdings Limited is on the register: Celine Uk Newco 1 Limited.

Does Celine Group Holdings Limited have any outstanding charges?

4 outstanding charges are registered against Celine Group Holdings Limited out of 7 on file. Outstanding charges represent secured creditors who rank ahead of unsecured creditors in any recovery.

What does liquidation mean for creditors of Celine Group Holdings 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 Celine Group Holdings 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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Home › Companies in Liquidation › Celine Group Holdings Limited

Is Celine Group Holdings Limited in compulsory liquidation?

Last verified 26 May 2026

In Compulsory LiquidationYes, Celine Group Holdings Limited (company number 03430071) entered compulsory liquidation on 14 July 2022, by order of the court. Philip James Watkins of null was appointed as liquidator.

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Celine Group Holdings 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
14 September 2020
Compulsory liquidation
14 July 2022

Company at a glance

Status	In Compulsory Liquidation
Company number	03430071
Previously known as	Debenhams Group Holdings Limited, Apr 2006 to Jul 2019 Debenhams Limited, Mar 2004 to Apr 2006 Debenhams PLC, Dec 1997 to Mar 2004 Robertsco PLC, Sep 1997 to Dec 1997
Incorporated	1 September 1997 (29 years old)
Registered office	Second Floor, 110 Cannon Street, London, EC4N 6EU
Nature of business (SIC)	70100: Activities of head offices
Date entered compulsory liquidation	14 July 2022
Liquidator	Philip James Watkins, null (licensed insolvency practitioner)
Statement of Affairs	Filed 27 April 2021, declared assets & liabilities ↗
Public register	View filing history ↗

About the business

Celine Group Holdings Limited is a UK limited company based in London, incorporated in 1997 and 25 years old when the liquidator was appointed. Its registered activity is activities of head offices (SIC 70100). There have been 46 director appointments since incorporation, of which 1 was on the board when the liquidator was appointed, alongside 1 person with significant control. 7 charges have been registered against the company, 4 of which are still outstanding.

Directors

46 people have been appointed as directors of Celine Group Holdings Limited.

DirectorStatusAppointedResigned

Jeffrey James Holder+ 4 othersActive22 May 2020—

Sally HopwoodResigned13 Dec 201924 Jun 2020

Mike HazellResigned3 Oct 201922 May 2020

Stefaan Leopold Jean VansteenkisteResigned13 Nov 201922 May 2020

David AdamsResigned22 Mar 20198 Apr 2020

Nicola KinnairdResigned11 Apr 20198 Apr 2020

40 former directors · resigned 1997 to 2019

Alice Ann DarwallResigned29 Apr 201913 Dec 2019

Rachel Claire Elizabeth OsborneResigned8 Feb 20197 Oct 2019

Terence DuddyResigned22 Mar 20196 Sep 2019

Paul Rex EardleyResigned15 Oct 200726 Apr 2019

Sergio Rodriguez BucherResigned20 Oct 201718 Apr 2019

Rosalynde HarrisonResigned7 Sep 20184 Jan 2019

Matthew George SmithResigned26 Jan 201531 Aug 2018

Suzanne HarlowResigned2 Jan 201420 Oct 2017

Michael John Todkill SharpResigned11 Mar 199924 Jun 2016

Simon Edward HerrickResigned10 Jan 20122 Jan 2014

Nikki ZambleraResigned8 Jun 200431 Aug 2013

Christopher Kevin Woodhouse+ 2 othersResigned4 Dec 200310 Jan 2012

Nigel Brian PalmerResigned1 Jan 200230 Sep 2011

Robert William TemplemanResigned4 Dec 20034 Sep 2011

John David Lovering+ 3 othersResigned4 Dec 200331 Mar 2010

Guy Antony Johnson+ 3 othersResigned21 Feb 200015 Oct 2007

Jonathan Philip FeuerResigned3 Apr 200624 Jul 2006

Phillipe Marinos CosteletosResigned3 Apr 200624 Jul 2006

Ramzi GedeonResigned3 Apr 200624 Jul 2006

Robert David HillResigned3 Apr 200624 Jul 2006

Guido PadovanoResigned3 Apr 200624 Jul 2006

Jane Heather Ruth GuillaumeResigned27 Nov 199730 Apr 2004

Phillipe Marinos CosteletosResigned4 Dec 200327 Feb 2004

Jonathan Philip FeuerResigned4 Dec 200327 Feb 2004

Guido PadovanoResigned4 Dec 200327 Feb 2004

Edward Matthew Giles RobertsResigned27 Nov 199710 Dec 2003

Belinda Jane EarlResigned11 Mar 199910 Dec 2003

Peter Jack Jarvis+ 2 othersResigned5 Dec 19974 Dec 2003

Christopher Thomas PearceResigned5 Dec 19974 Dec 2003

Michael Robert Gordon BaulkResigned19 Feb 19984 Dec 2003

Timothy ClarkeResigned20 Apr 19984 Dec 2003

Peter Thomas KaurslandResigned27 Nov 19971 Feb 2002

Terence Anthony Green+ 2 othersResigned27 Nov 199713 Sep 2000

Edward Matthew Giles RobertsResigned12 Dec 199921 Feb 2000

David WilsonResigned5 Jan 199812 Dec 1999

John Austin Hungerford Leigh Hoskyns+ 1 otherResigned5 Dec 199731 Jul 1998

Edward Matthew Giles RobertsResigned27 Nov 19975 Jan 1998

Julie Amanda RobertsResigned1 Sep 199727 Nov 1997

Jeremy Arthur ParrResigned1 Sep 199727 Nov 1997

Julie Amanda RobertsResigned1 Sep 199727 Nov 1997

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.

Celine Uk Newco 1 Limited
corporate entity person with significant control
Ownership of shares 75-100%
Since 9 Apr 2019

1 ceased control

Debenhams Plc · ceased 9 Apr 2019

Charges register

Secured creditors and encumbrances against the company. 4 outstanding · 3 satisfied.

Status · Creditor · Type · Dates

OutstandingGlas Trust Corporation Limited as Security Agent

A registered charge · Created 23 Jan 2020 · Pending

OutstandingGlas Trust Corporation Limited as Security Agent

A registered charge · Created 9 Oct 2019 · Pending

OutstandingGlas Trust Corporation Limited

A registered charge · Created 9 Apr 2019 · Pending

OutstandingGlas Trust Corporation Limited

A registered charge · Created 29 Mar 2019 · Pending

SatisfiedGlas Trust Corporation Limited

A registered charge · Created 11 Feb 2019 · Satisfied 4 Apr 2019

SatisfiedCredit Suisse, London Branch

Deed of accession and charge · Created 27 Jun 2005 · Satisfied 13 Jul 2006

SatisfiedCredit Suisse First Boston

Deed of accession and charge · Created 12 Dec 2003 · Satisfied 17 Jul 2004

What happened

EventDateType

Progress report in a winding up by the court8 October 2025WU07

Progress report in a winding up by the court30 September 2024WU07

Progress report in a winding up by the court20 November 2023WU07

Appointment of a liquidator10 November 2023WU04

Order of court to wind up10 November 2023COCOMP

489 earlier events · 1997 to 2023

Compulsory strike-off action has been suspended12 September 2023DISS16(SOAS)

First Gazette notice for compulsory strike-off1 August 2023GAZ1

Administrator's progress report12 September 2022AM10

Notice of a court order ending Administration26 August 2022AM25

Administrator's progress report1 August 2022AM10

Compulsory liquidationStatus14 July 2022

Administrator's progress report22 March 2022AM10

Administrator's progress report20 September 2021AM10

Notice of extension of period of Administration23 August 2021AM19

Statement of affairs27 April 2021AM02

Administrator's progress report27 March 2021AM10

Statement of administrator's proposal14 December 2020AM03

Notice of deemed approval of proposals23 November 2020AM06

Statement of administrator's proposal2 November 2020AM03

Registered office address changed19 September 2020AD01

Appointment of an administrator14 September 2020AM01

Termination of appointment as a secretary24 June 2020TM02

Appointment as a director27 May 2020AP01

Termination of appointment as a director26 May 2020TM01

Termination of appointment as a director9 April 2020TM01

Registration of charge , created28 January 2020MR01

Notification as a person with significant control17 January 2020PSC02

Cessation as a person with significant control17 January 2020PSC07

Appointment as a secretary16 December 2019AP03

Termination of appointment as a secretary16 December 2019TM02

Director's details changed27 November 2019CH01

Appointment as a director18 November 2019AP01

Registration of charge , created21 October 2019MR01

Termination of appointment as a director7 October 2019TM01

Appointment as a director3 October 2019AP01

Termination of appointment as a director6 September 2019TM01

Confirmation statement made with no updates22 July 2019CS01

Certificate of change of name2 July 2019CERTNM

Full accounts made up5 June 2019AA

Registered office address changed15 May 2019AD01

Appointment as a secretary29 April 2019AP03

Termination of appointment as a secretary29 April 2019TM02

Appointment as a director23 April 2019AP01

Termination of appointment as a director23 April 2019TM01

Resolutions17 April 2019RESOLUTIONS

Registration of charge , created11 April 2019MR01

Satisfaction of charge in full4 April 2019MR04

Resolutions2 April 2019RESOLUTIONS

Registration of charge , created1 April 2019MR01

Appointment as a director26 March 2019AP01

Appointment as a director25 March 2019AP01

Memorandum and Articles of Association14 March 2019MA

Registration of charge , created19 February 2019MR01

Appointment as a director8 February 2019AP01

Legacy18 January 2019ANNOTATION

Termination of appointment as a secretary18 January 2019TM02

Statement of company's objects21 December 2018CC04

Appointment as a secretary30 October 2018AP03

Termination of appointment as a director31 August 2018TM01

Confirmation statement made with no updates9 July 2018CS01

Resolutions20 March 2018RESOLUTIONS

Full accounts made up22 January 2018AA

Appointment as a director15 November 2017AP01

Termination of appointment as a director23 October 2017TM01

Notification as a person with significant control26 July 2017PSC02

Confirmation statement made with updates30 June 2017CS01

Full accounts made up17 January 2017AA

Second filing for the termination as a director27 July 2016RP04TM01

Annual return made up with full list of shareholders29 June 2016AR01

Termination of appointment as a director27 June 2016TM01

Full accounts made up23 December 2015AA

Annual return made up with full list of shareholders30 June 2015AR01

Director's details changed19 March 2015CH01

Appointment as a director27 January 2015AP01

Full accounts made up18 December 2014AA

Resolutions14 July 2014RESOLUTIONS

Annual return made up with full list of shareholders1 July 2014AR01

Full accounts made up4 March 2014AA

Termination of appointment as a director2 January 2014TM01

Appointment as a director2 January 2014AP01

Termination of appointment as a director14 October 2013TM01

Director's details changed15 August 2013CH01

Director's details changed14 August 2013CH01

Secretary's details changed14 August 2013CH03

Director's details changed14 August 2013CH01

Director's details changed13 August 2013CH01

Registered office address changed6 August 2013AD01

Director's details changed25 July 2013CH01

Secretary's details changed11 July 2013CH03

Registered office address changed9 July 2013AD01

Annual return made up with full list of shareholders28 June 2013AR01

Full accounts made up9 January 2013AA

Annual return made up with full list of shareholders5 July 2012AR01

Director's details changed6 March 2012CH01

Appointment as a director13 January 2012AP01

Termination of appointment as a director13 January 2012TM01

Full accounts made up29 December 2011AA

Termination of appointment as a director3 October 2011TM01

Termination of appointment as a director5 September 2011TM01

Annual return made up with full list of shareholders28 June 2011AR01

Full accounts made up31 December 2010AA

Director's details changed10 November 2010CH01

Resolutions30 July 2010RESOLUTIONS

Annual return made up with full list of shareholders12 July 2010AR01

Legacy7 April 2010ANNOTATION

Termination of appointment as a director1 April 2010TM01

Full accounts made up18 January 2010AA

Secretary's details changed26 October 2009CH03

Legacy7 July 2009363a

Full accounts made up19 January 2009AA

Legacy8 July 2008363a

Legacy18 April 2008288c

Full accounts made up5 February 2008AA

Legacy24 October 2007288b

Legacy24 October 2007288a

Legacy7 August 2007363s

Full accounts made up4 May 2007AA

Legacy1 September 2006288b

Legacy9 August 2006363a

Legacy7 August 2006288a

Legacy25 July 2006363a

Legacy13 July 2006403a

Certificate of change of name18 April 2006CERTNM

Full accounts made up16 November 2005AA

Legacy14 July 2005363s

Legacy7 July 2005155(6)b

Legacy7 July 2005155(6)a

Legacy6 July 2005395

Full accounts made up18 February 2005AA

Legacy20 January 2005288c

Legacy14 January 2005288c

Legacy17 July 2004403a

Legacy7 July 2004363a

Legacy22 June 2004288a

Legacy12 May 2004288b

Resolutions27 April 2004RESOLUTIONS

Legacy27 April 2004155(6)b

Legacy7 April 2004155(6)b

Legacy7 April 2004155(6)a

Resolutions7 April 2004RESOLUTIONS

Legacy10 March 2004155(6)b

Legacy10 March 2004155(6)a

Legacy9 March 2004288b

Certificate of re-registration from Public Limited Company to Private2 March 2004CERT10

Re-registration of Memorandum and Articles2 March 2004MAR

Legacy2 March 200453

Resolutions2 March 2004RESOLUTIONS

Resolutions12 January 2004RESOLUTIONS

Legacy30 December 2003288b

Legacy30 December 2003288a

Memorandum and Articles of Association23 December 2003MEM/ARTS

Resolutions23 December 2003RESOLUTIONS

Legacy18 December 2003395

Legacy16 December 2003288b

Group of companies' accounts made up16 December 2003AA

Certificate of reduction of issued capital4 December 2003CERT15

Legacy4 December 2003OC138

Legacy4 December 2003OC425

Legacy4 December 200388(2)R

Legacy27 November 200388(2)R

Legacy21 November 200388(2)R

Legacy17 November 200388(2)R

Memorandum and Articles of Association14 November 2003MEM/ARTS

Resolutions14 November 2003RESOLUTIONS

Legacy11 November 200388(2)R

Legacy6 November 200388(2)R

Legacy5 November 200388(2)R

Legacy31 October 200388(2)R

Legacy24 October 200388(2)R

Legacy22 October 200388(2)R

Legacy18 October 200388(2)R

Legacy15 October 200388(2)R

Legacy9 October 200388(2)R

Legacy5 October 200388(2)R

Legacy25 September 200388(2)R

Legacy22 September 200388(2)R

Legacy15 September 200388(2)R

Legacy14 September 200388(2)R

Legacy12 September 200388(2)R

Legacy6 September 200388(2)R

Legacy3 September 200388(2)R

Legacy2 September 200388(2)R

Legacy28 August 200388(2)R

Legacy23 August 200388(2)R

Legacy19 August 200388(2)R

Legacy16 August 200388(2)R

Legacy15 August 200388(2)R

Legacy4 August 200388(2)R

Legacy30 July 200388(2)R

Legacy30 July 2003363a

Legacy28 July 200388(2)R

Legacy17 July 200388(2)R

Legacy15 July 200388(2)R

Legacy12 July 200388(2)R

Legacy11 July 200388(2)R

Legacy9 July 200388(2)R

Legacy3 July 200388(2)R

Legacy23 June 200388(2)R

Legacy20 June 200388(2)R

Legacy19 June 200388(2)R

Legacy18 June 200388(2)R

Legacy16 June 200388(2)R

Legacy13 June 200388(2)R

Legacy11 June 200388(2)R

Legacy7 June 200388(2)R

Legacy6 June 200388(2)R

Legacy5 June 200388(2)R

Legacy30 May 200388(2)R

Legacy21 May 200388(2)R

Legacy18 May 200388(2)R

Legacy14 May 2003288c

Legacy12 May 200388(2)R

Legacy10 May 200388(2)R

Legacy7 May 200388(2)R

Legacy4 May 200388(2)R

Legacy1 May 200388(2)R

Legacy18 April 200388(2)R

Legacy15 April 2003288c

Legacy12 April 200388(2)R

Legacy28 March 200388(2)R

Legacy27 March 2003169

Auditor's resignation19 March 2003AUD

Legacy9 March 200388(2)R

Legacy5 March 2003288c

Legacy4 March 2003169

Legacy25 February 200388(2)R

Legacy20 February 2003169

Legacy17 February 200388(2)R

Legacy12 February 200388(2)R

Legacy7 January 200388(2)R

Resolutions3 January 2003RESOLUTIONS

Group of companies' accounts made up3 January 2003AA

Legacy30 December 2002169

Legacy23 December 200288(2)R

Legacy18 December 2002169

Legacy7 December 2002169

Legacy30 November 2002169

Legacy26 November 2002288c

Legacy22 November 2002288c

Legacy8 November 200288(2)R

Legacy31 October 200288(2)R

Legacy26 October 2002288c

Legacy18 October 200288(2)R

Legacy24 September 200288(2)R

Legacy17 September 2002169

Legacy11 September 200288(2)R

Legacy3 September 2002169

Legacy20 August 2002169

Legacy17 July 200288(2)R

Legacy17 July 2002363a

Legacy8 July 200288(2)R

Legacy20 June 200288(2)R

Legacy24 May 200288(2)R

Legacy8 May 200288(2)R

Legacy25 April 200288(2)R

Legacy7 February 200288(2)R

Legacy7 February 2002288b

Legacy11 January 200288(2)R

Legacy7 January 2002288a

Memorandum and Articles of Association3 January 2002MEM/ARTS

Resolutions3 January 2002RESOLUTIONS

Group of companies' accounts made up10 December 2001AA

Legacy7 August 2001363a

Legacy30 July 200188(2)R

Legacy24 July 200188(2)R

Legacy10 July 2001288c

Legacy9 July 200188(2)R

Legacy26 June 200188(2)R

Legacy14 June 200188(2)R

Legacy29 May 200188(2)R

Legacy17 May 200188(2)R

Legacy16 May 200188(2)R

Legacy27 April 200188(2)R

Legacy26 April 200188(2)R

Legacy24 April 200188(2)R

Legacy23 March 200188(2)R

Legacy27 February 200188(2)R

Legacy28 January 200188(2)R

Full group accounts made up18 December 2000AA

Resolutions14 December 2000RESOLUTIONS

Legacy24 October 2000287

Legacy3 October 2000288b

Legacy22 August 2000169

Legacy1 August 2000363a

Legacy17 March 2000169

Legacy10 March 2000288a

Legacy10 March 2000169

Legacy2 March 2000288b

Legacy29 February 2000169

Legacy25 February 2000169

Legacy23 February 2000169

Legacy14 February 2000169

Initial accounts made up17 December 1999AA

Resolutions16 December 1999RESOLUTIONS

Legacy15 December 1999288b

Legacy15 December 1999288a

Legacy14 December 1999353a

Full group accounts made up26 November 1999AA

Legacy7 October 199988(2)R

Legacy20 September 199988(2)R

Legacy1 September 199988(2)R

Legacy10 August 199988(2)R

Legacy21 July 199988(2)R

Legacy20 July 1999363a

Legacy6 July 199988(2)R

Legacy17 June 199988(2)R

Legacy9 June 199988(2)R

Legacy16 May 199988(2)R

Legacy20 April 199988(2)R

Legacy9 April 199988(2)R

Legacy17 March 1999288a

Legacy5 March 199988(2)R

Resolutions1 March 1999RESOLUTIONS

Full group accounts made up3 February 1999AA

Resolutions3 February 1999RESOLUTIONS

Legacy3 November 1998288c

Auditor's resignation2 October 1998AUD

Statement of affairs11 August 1998SA

Legacy11 August 199888(2)R

Legacy4 August 1998288b

Legacy15 July 1998363a

Legacy15 July 1998288b

Initial accounts made up9 June 1998AA

Legacy7 May 1998288a

Legacy23 April 1998353a

Legacy16 April 1998123

Legacy25 February 1998288a

Legacy5 February 1998288a

Legacy2 February 1998353a

Legacy20 January 1998122

Resolutions16 January 1998RESOLUTIONS

Legacy9 January 1998PROSP

Legacy18 December 1997PROSP

Legacy15 December 1997288b

Legacy15 December 1997288a

Initial accounts made up10 December 1997AA

Resolutions10 December 1997RESOLUTIONS

Legacy10 December 1997122

Legacy10 December 199788(2)R

Certificate of authorisation to commence business and borrow5 December 1997CERT8

Application to commence business5 December 1997117

Certificate of change of name4 December 1997CERTNM

Legacy3 December 1997287

Legacy19 September 1997225

Incorporation1 September 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 →

Don't be the last to know next time

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See how Protect works, £24/mo →

Other companies in compulsory liquidation

All UK companies in compulsory liquidation →

The bigger picture

The state of UK insolvency →

Frequently asked questions

Is Celine Group Holdings Limited in compulsory liquidation?: Yes. Celine Group Holdings Limited (company number 03430071) entered compulsory liquidation on 14 July 2022, by order of the court. Philip James Watkins of null was appointed as liquidator.
Who is the liquidator of Celine Group Holdings Limited?: Philip James Watkins, a licensed insolvency practitioner at null, was appointed liquidator of Celine Group Holdings Limited on 14 July 2022. Creditors can contact the liquidator directly to submit a claim.
What does Celine Group Holdings Limited do?: Celine Group Holdings Limited's registered nature of business is activities of head offices (SIC 70100).
Where is Celine Group Holdings Limited based?: Celine Group Holdings Limited's registered office is Second Floor, 110 Cannon Street, London, EC4N 6EU. The registered office is the address held on the public register, which is not always the trading address.
When was Celine Group Holdings Limited founded?: Celine Group Holdings Limited was incorporated on 1 September 1997, 25 years before the liquidator was appointed.
What is Celine Group Holdings Limited's company number?: Celine Group Holdings Limited's registered company number is 03430071.
Who has significant control of Celine Group Holdings Limited?: 1 active person with significant control over Celine Group Holdings Limited is on the register: Celine Uk Newco 1 Limited.
Does Celine Group Holdings Limited have any outstanding charges?: 4 outstanding charges are registered against Celine Group Holdings Limited out of 7 on file. Outstanding charges represent secured creditors who rank ahead of unsecured creditors in any recovery.
What does liquidation mean for creditors of Celine Group Holdings 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 Celine Group Holdings 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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