Is Marine Drive Ltd in creditors' voluntary liquidation?
Last verified 26 May 2026
Yes, Marine Drive Ltd (company number 12282531) entered creditors' voluntary liquidation on 24 June 2025, by its creditors. Steven Elliott of null was appointed as liquidator.
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Marine Drive Ltd 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
| Status | In Creditors' Voluntary Liquidation |
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| Company number | 12282531 |
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| Previously known as | - Sandymere RD Ltd, Oct 2019 to Feb 2020
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| Incorporated | 25 October 2019 (7 years old) |
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| Registered office | Hermes House, Swindon, SN2 2GA |
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| Nature of business (SIC) | 41100: Development of building projects (Construction) |
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| Date entered creditors' voluntary liquidation | 24 June 2025 |
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| Liquidator | Steven Elliott, null (licensed insolvency practitioner) |
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| Public register | View filing history ↗ |
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About the business
Marine Drive Ltd is a construction business based in Swindon, incorporated in 2019 and 6 years old when the liquidator was appointed. Its registered activity is development of building projects (SIC 41100). There have been 3 director appointments since incorporation, of which 3 were on the board when the liquidator was appointed, alongside 1 person with significant control. 8 charges have been registered against the company, 3 of which are still outstanding.
Directors
3 people have been appointed as directors of Marine Drive Ltd.
DirectorStatusAppointedResigned
Persons with significant control
Individuals or entities with significant influence or control.
Penn Property Ltd
corporate entity person with significant control
Ownership of shares 75-100%Voting rights 75-100%Right to appoint and remove directors
1 ceased control
- Ador Developments Ltd · ceased 18 Dec 2023
Charges register
Secured creditors and encumbrances against the company. 3 outstanding · 5 satisfied.
Status · Creditor · Type · Dates
OutstandingCpf One Limited
A registered charge · Created 31 May 2024 · Pending
OutstandingCpf One Limited
A registered charge · Created 31 May 2024 · Pending
SatisfiedAssetz Capital Trust Company Limited as Security Trustee
A registered charge · Created 3 Mar 2023 · Satisfied 24 Apr 2025
SatisfiedAssetz Capital Trust Company Limited as Security Trustee
A registered charge · Created 18 Jan 2023 · Satisfied 24 Apr 2025
SatisfiedAssetz Capital Trust Company Limited as Security Trustee
A registered charge · Created 21 May 2021 · Satisfied 24 Apr 2025
+2 earlier charges · 2020 to 2021
SatisfiedAssetz Capital Trust Company Limited as Security Trustee
A registered charge · Created 21 May 2021 · Satisfied 24 Apr 2025
OutstandingPenn Property LTD
A registered charge · Created 9 Sep 2020 · Pending
SatisfiedFolk Nominee Limited
A registered charge · Created 9 Sep 2020 · Satisfied 17 Dec 2021
What happened
EventDateType
Liquidators' statement of receipts and payments to 2026-06-238 July 2026LIQ03
Notice of ceasing to act as receiver or manager23 April 2026RM02
Statement of affairs14 October 2025LIQ02
Appointment of a voluntary liquidator1 July 2025600
+42 earlier events · 2020 to 2025
Registered office address changed from Delta 606 Welton Road Delta Office Park Swindon SN5 7XF England to Hermes House Fire Fly Avenue Swindon SN2 2GA on 2025-07-011 July 2025AD01 Creditors' voluntary liquidationStatus24 June 2025
Appointment of receiver or manager30 April 2025RM01
Satisfaction of charge 122825310004 in full24 April 2025MR04 Satisfaction of charge 122825310003 in full24 April 2025MR04 Satisfaction of charge 122825310006 in full24 April 2025MR04 Satisfaction of charge 122825310005 in full24 April 2025MR04 Micro company accounts made up to 2023-10-3122 January 2025AA Registered office address changed from 3rd Floor Great Titchfield House 14-18 Great Titchfield Street London W1W 8BD United Kingdom to Delta 606 Welton Road Delta Office Park Swindon SN5 7XF on 2025-01-066 January 2025AD01 Confirmation statement made on 2024-10-24 with updates29 November 2024CS01 Previous accounting period shortened from 2023-10-30 to 2023-10-2922 October 2024AA01 Previous accounting period shortened from 2023-10-31 to 2023-10-3026 July 2024AA01 Registration of charge 122825310008, created on 2024-05-317 June 2024MR01 Registration of charge 122825310007, created on 2024-05-317 June 2024MR01 Registered office address changed from 2nd Floor 167-169 Great Portland Street London W1W 5PF United Kingdom to 3rd Floor Great Titchfield House 14-18 Great Titchfield Street London W1W 8BD on 2024-03-2020 March 2024AD01 Cessation of Ador Developments Ltd as a person with significant control on 2023-12-183 January 2024PSC07 Change of details for Penn Property Ltd as a person with significant control on 2023-12-183 January 2024PSC05 Statement of capital following an allotment of shares on 2023-12-183 January 2024SH01 Statement of capital following an allotment of shares on 2023-11-1315 November 2023SH01 Confirmation statement made on 2023-10-24 with no updates8 November 2023CS01 Micro company accounts made up to 2022-10-3118 July 2023AA Registration of charge 122825310006, created on 2023-03-033 March 2023MR01 Registration of charge 122825310005, created on 2023-01-1820 January 2023MR01 Change of details for Penn Property Investments Ltd as a person with significant control on 2021-10-2516 November 2022PSC05 Confirmation statement made on 2022-10-24 with updates16 November 2022CS01 Change of details for Penn Property Investments Ltd as a person with significant control on 2022-05-041 November 2022PSC05 Appointment of Mr Archibald Patrick Newall as a director on 2022-09-1616 September 2022AP01 Micro company accounts made up to 2021-10-3129 July 2022AA Statement of capital following an allotment of shares on 2022-05-046 May 2022SH01 Statement of capital following an allotment of shares on 2022-05-046 May 2022SH01 Satisfaction of charge 122825310001 in full17 December 2021MR04 Confirmation statement made on 2021-10-24 with no updates9 November 2021CS01 Micro company accounts made up to 2020-10-3121 July 2021AA Memorandum and Articles of Association22 June 2021MA Registration of charge 122825310003, created on 2021-05-2123 May 2021MR01 Registration of charge 122825310004, created on 2021-05-2123 May 2021MR01 Confirmation statement made on 2020-10-24 with no updates1 December 2020CS01 Change of details for Ador Developments Ltd as a person with significant control on 2019-11-2915 September 2020PSC05 Registration of charge 122825310002, created on 2020-09-0910 September 2020MR01 Registration of charge 122825310001, created on 2020-09-099 September 2020MR01 Incorporation25 October 2019NEWINC 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 construction companies in creditors' voluntary liquidation
Related guides
The bigger picture
Frequently asked questions
- Is Marine Drive Ltd in creditors' voluntary liquidation?
- Yes. Marine Drive Ltd (company number 12282531) entered creditors' voluntary liquidation on 24 June 2025, by its creditors. Steven Elliott of null was appointed as liquidator.
- Who is the liquidator of Marine Drive Ltd?
- Steven Elliott, a licensed insolvency practitioner at null, was appointed liquidator of Marine Drive Ltd on 24 June 2025. Creditors can contact the liquidator directly to submit a claim.
- What does Marine Drive Ltd do?
- Marine Drive Ltd's registered nature of business is development of building projects (SIC 41100). It is classified in the construction sector.
- Where is Marine Drive Ltd based?
- Marine Drive Ltd's registered office is Hermes House, Swindon, SN2 2GA. The registered office is the address held on the public register, which is not always the trading address.
- When was Marine Drive Ltd founded?
- Marine Drive Ltd was incorporated on 25 October 2019, 6 years before the liquidator was appointed.
- What is Marine Drive Ltd's company number?
- Marine Drive Ltd's registered company number is 12282531.
- Who has significant control of Marine Drive Ltd?
- 1 active person with significant control over Marine Drive Ltd is on the register: Penn Property Ltd.
- Does Marine Drive Ltd have any outstanding charges?
- 3 outstanding charges are registered against Marine Drive Ltd out of 8 on file. Outstanding charges represent secured creditors who rank ahead of unsecured creditors in any recovery.
- What does liquidation mean for creditors of Marine Drive 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 Marine Drive 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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