Is Payment World Ltd in compulsory liquidation?
Last verified 27 May 2026
Yes, Payment World Ltd (company number 10982852) entered compulsory liquidation on 30 October 2024, by order of the court. The Official Receiver Or Nottingham of null was appointed as liquidator.
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Payment World Ltd 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.
Company at a glance
| Status | In Compulsory Liquidation |
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| Company number | 10982852 |
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| Incorporated | 26 September 2017 (9 years old) |
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| Registered office | 342 Great Cheetham Street, Salford, Manchester, M7 4UJ |
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| Nature of business (SIC) | 82990: Other business support service activities n.e.c. |
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| Date entered compulsory liquidation | 30 October 2024 |
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| Liquidator | The Official Receiver Or Nottingham, null (licensed insolvency practitioner) |
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| Public register | View filing history ↗ |
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About the business
Payment World Ltd is a UK limited company based in Salford, incorporated in 2017 and 7 years old when the liquidator was appointed. Its registered activity is other business support service activities n.e.c. (SIC 82990). There have been 2 director appointments since incorporation, of which 1 was on the board when the liquidator was appointed, alongside 1 person with significant control.
Directors
2 people have been appointed as directors of Payment World Ltd.
DirectorStatusAppointedResigned
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.
Mr Martin Heiman
individual person with significant control · British · United Kingdom
Ownership of shares 75-100%Voting rights 75-100%
What happened
EventDateType
Order of court to wind up12 November 2024COCOMP
Compulsory liquidationStatus30 October 2024
Compulsory strike-off action has been discontinued4 June 2024DISS40 Compulsory strike-off action has been suspended30 May 2024DISS16(SOAS) First Gazette notice for compulsory strike-off14 May 2024GAZ1 +15 earlier events · 2018 to 2023
Confirmation statement made with no updates25 October 2023CS01 Previous accounting period shortened28 June 2023AA01 Micro company accounts made up30 November 2022AA Confirmation statement made with no updates16 November 2022CS01 Micro company accounts made up29 October 2021AA Confirmation statement made with updates25 October 2021CS01 Previous accounting period shortened25 June 2021AA01 Confirmation statement made with no updates21 October 2020CS01 Micro company accounts made up30 June 2020AA Appointment as a director21 January 2020AP01 Termination of appointment as a director20 January 2020TM01 Confirmation statement made with no updates18 October 2019CS01 Registered office address changed31 October 2018AD01 Micro company accounts made up30 October 2018AA Confirmation statement made with no updates9 October 2018CS01 Incorporation26 September 2017NEWINC 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 Payment World Ltd in compulsory liquidation?
- Yes. Payment World Ltd (company number 10982852) entered compulsory liquidation on 30 October 2024, by order of the court. The Official Receiver Or Nottingham of null was appointed as liquidator.
- Who is the liquidator of Payment World Ltd?
- The Official Receiver Or Nottingham, a licensed insolvency practitioner at null, was appointed liquidator of Payment World Ltd on 30 October 2024. Creditors can contact the liquidator directly to submit a claim.
- What does Payment World Ltd do?
- Payment World Ltd's registered nature of business is other business support service activities n.e.c. (SIC 82990).
- Where is Payment World Ltd based?
- Payment World Ltd's registered office is 342 Great Cheetham Street, Salford, Manchester, M7 4UJ. The registered office is the address held on the public register, which is not always the trading address.
- When was Payment World Ltd founded?
- Payment World Ltd was incorporated on 26 September 2017, 7 years before the liquidator was appointed.
- What is Payment World Ltd's company number?
- Payment World Ltd's registered company number is 10982852.
- Who has significant control of Payment World Ltd?
- 1 active person with significant control over Payment World Ltd is on the register: Mr Martin Heiman.
- What does liquidation mean for creditors of Payment World 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 Payment World 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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