Is Direct Build Services (Developments) Limited in creditors' voluntary liquidation?

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Direct Build Services (Developments) 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.

Company at a glance

About the business

Direct Build Services (Developments) Limited is a construction business based in Dartford, incorporated in 1987 and 29 years old when the liquidator was appointed. Its registered activity is development of building projects (SIC 41100). There have been 4 director appointments since incorporation, of which 3 were on the board when the liquidator was appointed. 100 charges have been registered against the company, 7 of which are still outstanding.

Directors

4 people have been appointed as directors of Direct Build Services (Developments) Limited.

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. 7 outstanding · 93 satisfied.

What happened

What this means for you

Other construction companies in creditors' voluntary liquidation

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The bigger picture

Frequently asked questions

Is Direct Build Services (Developments) Limited in creditors' voluntary liquidation?

Yes. Direct Build Services (Developments) Limited (company number 02095517) entered creditors' voluntary liquidation on 14 November 2016, by its creditors. Isobel Brett of null was appointed as liquidator.

Who is the liquidator of Direct Build Services (Developments) Limited?

Isobel Brett, a licensed insolvency practitioner at null, was appointed liquidator of Direct Build Services (Developments) Limited on 14 November 2016. Creditors can contact the liquidator directly to submit a claim.

What does Direct Build Services (Developments) Limited do?

Direct Build Services (Developments) Limited's registered nature of business is development of building projects (SIC 41100). It is classified in the construction sector.

Where is Direct Build Services (Developments) Limited based?

Direct Build Services (Developments) Limited's registered office is 21 Highfield Road, Dartford, Kent, DA1 2JS. The registered office is the address held on the public register, which is not always the trading address.

When was Direct Build Services (Developments) Limited founded?

Direct Build Services (Developments) Limited was incorporated on 2 February 1987, 29 years before the liquidator was appointed.

What is Direct Build Services (Developments) Limited's company number?

Direct Build Services (Developments) Limited's registered company number is 02095517.

Does Direct Build Services (Developments) Limited have any outstanding charges?

7 outstanding charges are registered against Direct Build Services (Developments) Limited out of 100 on file. Outstanding charges represent secured creditors who rank ahead of unsecured creditors in any recovery.

What does liquidation mean for creditors of Direct Build Services (Developments) 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 Direct Build Services (Developments) 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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