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Palmarama Leisure Limited Is Palmarama Leisure Limited in compulsory liquidation?
Last verified 27 May 2026
Yes, Palmarama Leisure Limited (company number 02666365) entered compulsory liquidation on 17 May 1994, by order of the court.
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Palmarama Leisure 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
Receivership
25 February 1992
Compulsory liquidation
17 May 1994
Company at a glance
| Status | In Compulsory Liquidation |
|---|
| Company number | 02666365 |
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| Incorporated | 27 November 1991 (35 years old) |
|---|
| Registered office | Tower House, Lucy Tower Street, Lincoln, LN1 1XW |
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| Date entered compulsory liquidation | 17 May 1994 |
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| Public register | View filing history ↗ |
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About the business
Palmarama Leisure Limited is a UK limited company based in Lincoln, incorporated in 1991 and 3 years old when the liquidator was appointed. There have been 4 director appointments since incorporation, of which 4 were on the board when the liquidator was appointed. 2 charges have been registered against the company, 2 of which are still outstanding.
Directors
4 people have been appointed as directors of Palmarama Leisure Limited.
DirectorStatusAppointedResigned
Charges register
Secured creditors and encumbrances against the company. 2 outstanding · 0 satisfied.
Status · Creditor · Type · Dates
OutstandingCitibank Trust Limited
Legal charge · Created 25 Feb 1992 · Pending
OutstandingCitibank Trust LTD
Charge · Created 25 Feb 1992 · Pending
What happened
EventDateType
A selection of mortgage documents registered before 1 January 19951 January 1995PRE95M
Legacy22 June 1994405(1)
Legacy22 June 1994405(1)
Order of court to wind up26 May 1994COCOMP
Compulsory liquidationStatus17 May 1994
+13 earlier events · 1992 to 1994
Accounts for a small company made up3 May 1994AA ReceivershipStatus25 February 1992
Incorporation27 November 1991NEWINC 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
Related guides
The bigger picture
Frequently asked questions
- Is Palmarama Leisure Limited in compulsory liquidation?
- Yes. Palmarama Leisure Limited (company number 02666365) entered compulsory liquidation on 17 May 1994, by order of the court.
- Where is Palmarama Leisure Limited based?
- Palmarama Leisure Limited's registered office is Tower House, Lucy Tower Street, Lincoln, LN1 1XW. The registered office is the address held on the public register, which is not always the trading address.
- When was Palmarama Leisure Limited founded?
- Palmarama Leisure Limited was incorporated on 27 November 1991, 3 years before the liquidator was appointed.
- What is Palmarama Leisure Limited's company number?
- Palmarama Leisure Limited's registered company number is 02666365.
- Does Palmarama Leisure Limited have any outstanding charges?
- 2 outstanding charges are registered against Palmarama Leisure 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 Palmarama Leisure 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 Palmarama Leisure 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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