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J. & R. Wallace Limited Is J. & R. Wallace Limited in liquidation?
Last verified 24 May 2026
Yes, J. & R. Wallace Limited (company number SC025304) entered liquidation on 1 October 1987.
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J. & R. Wallace Limited is now in 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 Liquidation |
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| Company number | SC025304 |
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| Incorporated | 22 April 1947 (79 years old) |
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| Registered office | The Foundry, Cotton Street, Castle-Douglas, DG7 1AW |
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| Date entered liquidation | 1 October 1987 |
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| Public register | View filing history ↗ |
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About the business
J. & R. Wallace Limited is a UK limited company based in Castle Douglas, incorporated in 1947 and 40 years old when the liquidator was appointed. 2 charges have been registered against the company, 2 of which are still outstanding.
Directors
0 people have been appointed as directors of J. & R. Wallace Limited.
DirectorStatusAppointedResigned
Charges register
Secured creditors and encumbrances against the company. 2 outstanding · 0 satisfied.
Status · Creditor · Type · Dates
OutstandingThe Royal Bank of Scotland PLC
Standard security · Created 18 Apr 1984 · Pending
OutstandingThe Royal Bank of Scotland PLC
Bond & floating charge · Created 12 Aug 1971 · Pending
What happened
EventDateType
Statement of receipts and payments23 November 19924.6(Scot)
Statement of receipts and payments30 June 19924.6(Scot)
Statement of receipts and payments20 February 19924.6(Scot)
Notice of ceasing to act as receiver or manager22 August 19913(Scot)
Receiver/Manager's abstract of receipts and payments22 August 19913.2(Scot)
+18 earlier events · 1987 to 1991
Statement of receipts and payments25 June 19914.6(Scot)
Receiver/Manager's abstract of receipts and payments21 February 19913.2(Scot)
Receiver/Manager's abstract of receipts and payments21 February 19913.2(Scot)
Statement of receipts and payments30 January 19914.6(Scot)
Statement of receipts and payments15 June 19904.6(Scot)
Miscellaneous4 January 1990MISC
Miscellaneous29 March 1989MISC
Miscellaneous21 March 1989MISC
Legacy27 February 1989SC71
Miscellaneous27 February 1989MISC
Miscellaneous27 February 1989MISC
Receiver/Manager's abstract of receipts and payments2 November 19883.2(Scot)
Miscellaneous20 October 1987MISC
Notice of the appointment of receiver by a holder of a floating charge9 October 19871(Scot)
Notice of the appointment of receiver by a holder of a floating charge1 October 19871(Scot)
Accounts for a small company made up10 June 1987AA A selection of documents registered before 1 January 19871 January 1987PRE87
Full accounts made up7 May 1986AA 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 liquidation
Related guides
The bigger picture
Frequently asked questions
- Is J. & R. Wallace Limited in liquidation?
- Yes. J. & R. Wallace Limited (company number SC025304) entered liquidation on 1 October 1987.
- Where is J. & R. Wallace Limited based?
- J. & R. Wallace Limited's registered office is The Foundry, Cotton Street, Castle-Douglas, DG7 1AW. The registered office is the address held on the public register, which is not always the trading address.
- When was J. & R. Wallace Limited founded?
- J. & R. Wallace Limited was incorporated on 22 April 1947, 40 years before the liquidator was appointed.
- What is J. & R. Wallace Limited's company number?
- J. & R. Wallace Limited's registered company number is SC025304.
- Does J. & R. Wallace Limited have any outstanding charges?
- 2 outstanding charges are registered against J. & R. Wallace Limited out of 2 on file. Outstanding charges represent secured creditors who rank ahead of unsecured creditors in any recovery.
- What does liquidation mean for creditors of J. & R. Wallace 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 J. & R. Wallace 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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