Is Cortez Subsea Limited in creditors' voluntary liquidation?
Last verified 27 May 2026
Yes, Cortez Subsea Limited (company number SC385169) entered creditors' voluntary liquidation on 1 August 2022, by its creditors. Michael James Meston Reid of null was appointed as liquidator.
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Cortez Subsea Limited is now in creditors' voluntary 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
11 November 2021
Creditors' voluntary liquidation
1 August 2022
Company at a glance
| Status | In Creditors' Voluntary Liquidation |
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| Company number | SC385169 |
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| Previously known as | - Mountwest Accredit Limited, Sep 2010 to Dec 2010
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| Incorporated | 10 September 2010 (16 years old) |
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| Registered office | 12 Carden Place, Aberdeen, AB10 1UR |
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| Nature of business (SIC) | 09100: Support activities for petroleum and natural gas mining |
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| Date entered creditors' voluntary liquidation | 1 August 2022 |
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| Liquidator | Michael James Meston Reid, null (licensed insolvency practitioner) |
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| Statement of Affairs | Filed 16 December 2021, declared assets & liabilities ↗ |
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| Public register | View filing history ↗ |
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About the business
Cortez Subsea Limited is a UK limited company based in Aberdeen, incorporated in 2010 and 12 years old when the liquidator was appointed. Its registered activity is support activities for petroleum and natural gas mining (SIC 09100). There have been 10 director appointments since incorporation, of which 3 were on the board when the liquidator was appointed, alongside 2 people with significant control. 3 charges have been registered against the company, 1 of which is still outstanding.
Directors
10 people have been appointed as directors of Cortez Subsea Limited.
DirectorStatusAppointedResigned
+4 former directors · resigned 2010 to 2016
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.
Deep Tech For Oil Services
corporate entity person with significant control
Ownership of shares 50-75%Voting rights 50-75%Right to appoint and remove directors
Mr Alasdair Bridgewood Cowie
individual person with significant control · British · Scotland
Ownership of shares 25-50%Voting rights 25-50%
Charges register
Secured creditors and encumbrances against the company. 1 outstanding · 2 satisfied.
Status · Creditor · Type · Dates
OutstandingDeep Tech for Oil Services
A registered charge · Created 30 Dec 2019 · Pending
SatisfiedLloyds Tsb Commercial Finance Limited
Bond & floating charge · Created 22 Aug 2012 · Satisfied 11 Sep 2015
SatisfiedAlasdair Bridgewood Cowie
Bond & floating charge · Created 19 Jan 2011 · Satisfied 3 Nov 2018
What happened
EventDateType
Move from Administration case to Creditor's Voluntary Liquidation1 August 2022AM22(Scot)
Administrator's progress report13 May 2022AM10(Scot)
Creditors’ decision on administrator’s proposals12 January 2022AM07(Scot)
Notice of Administrator's proposal16 December 2021AM03(Scot)
Statement of affairs16 December 2021AM02(Scot)
+64 earlier events · 2010 to 2021
Registered office address changed12 November 2021AD01 Appointment of an administrator11 November 2021AM01(Scot)
Confirmation statement made with no updates23 September 2021CS01 Total exemption full accounts made up1 June 2021AA Confirmation statement made with no updates23 September 2020CS01 Total exemption full accounts made up10 August 2020AA Registration of charge , created6 January 2020MR01 Confirmation statement made with updates16 September 2019CS01 Total exemption full accounts made up5 July 2019AA Termination of appointment as a director2 April 2019TM01 Satisfaction of charge in full3 November 2018MR04 Statement of capital following an allotment of shares25 October 2018SH01 Notification as a person with significant control24 October 2018PSC02 Appointment as a director19 October 2018AP01 Termination of appointment as a director19 October 2018TM01 Termination of appointment as a director19 October 2018TM01 Confirmation statement made with no updates21 September 2018CS01 Full accounts made up19 April 2018AA Part of the property or undertaking has been released and no longer forms part of charge6 December 2017MR05 Confirmation statement made with no updates30 October 2017CS01 Appointment as a director24 October 2017AP01 Total exemption full accounts made up20 July 2017AA Appointment as a director6 October 2016AP01 Confirmation statement made with updates22 September 2016CS01 Total exemption small company accounts made up13 September 2016AA Termination of appointment as a director23 August 2016TM01 Annual return made up with full list of shareholders7 October 2015AR01 Total exemption small company accounts made up3 October 2015AA Satisfaction of charge in full11 September 2015MR04 Annual return made up with full list of shareholders11 September 2014AR01 Director's details changed11 September 2014CH01 Total exemption small company accounts made up11 September 2014AA Statement of capital following an allotment of shares22 October 2013SH01 Annual return made up with full list of shareholders16 October 2013AR01 Appointment as a director7 October 2013AP01 Total exemption small company accounts made up28 March 2013AA Statement of capital following an allotment of shares21 March 2013SH01 Change of share class name or designation14 March 2013SH08 Registered office address changed27 November 2012AD01 Statement of capital following an allotment of shares30 October 2012SH01 Annual return made up with full list of shareholders12 October 2012AR01 Register(s) moved to registered office address27 September 2012AD04 Appointment as a director21 September 2012AP01 Alterations to floating charge25 August 2012466(Scot)
Legacy25 August 2012MG01s
Total exemption small company accounts made up11 June 2012AA Termination of appointment as a secretary4 April 2012TM02 Appointment as a secretary14 December 2011AP03 Registered office address changed25 November 2011AD01 Termination of appointment as a director6 October 2011TM01 Annual return made up with full list of shareholders27 September 2011AR01 Register(s) moved to registered inspection location15 September 2011AD03 Register inspection address has been changed15 September 2011AD02 Appointment as a director12 May 2011AP01 Current accounting period extended16 March 2011AA01 Legacy22 January 2011MG01s
Statement of capital following an allotment of shares14 December 2010SH01 Appointment as a director13 December 2010AP01 Termination of appointment as a director13 December 2010TM01 Certificate of change of name8 December 2010CERTNM Incorporation10 September 2010NEWINC 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 creditors' voluntary liquidation
Related guides
The bigger picture
Frequently asked questions
- Is Cortez Subsea Limited in creditors' voluntary liquidation?
- Yes. Cortez Subsea Limited (company number SC385169) entered creditors' voluntary liquidation on 1 August 2022, by its creditors. Michael James Meston Reid of null was appointed as liquidator.
- Who is the liquidator of Cortez Subsea Limited?
- Michael James Meston Reid, a licensed insolvency practitioner at null, was appointed liquidator of Cortez Subsea Limited on 1 August 2022. Creditors can contact the liquidator directly to submit a claim.
- What does Cortez Subsea Limited do?
- Cortez Subsea Limited's registered nature of business is support activities for petroleum and natural gas mining (SIC 09100).
- Where is Cortez Subsea Limited based?
- Cortez Subsea Limited's registered office is 12 Carden Place, Aberdeen, AB10 1UR. The registered office is the address held on the public register, which is not always the trading address.
- When was Cortez Subsea Limited founded?
- Cortez Subsea Limited was incorporated on 10 September 2010, 12 years before the liquidator was appointed.
- What is Cortez Subsea Limited's company number?
- Cortez Subsea Limited's registered company number is SC385169.
- Who has significant control of Cortez Subsea Limited?
- 2 active people with significant control over Cortez Subsea Limited are on the register: Deep Tech For Oil Services, Mr Alasdair Bridgewood Cowie.
- Does Cortez Subsea Limited have any outstanding charges?
- an outstanding charge is registered against Cortez Subsea 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 Cortez Subsea 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 Cortez Subsea 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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