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Pegasus Electrical Marine Ltd Is Pegasus Electrical Marine Ltd in compulsory liquidation?
Last verified 27 May 2026
Yes, Pegasus Electrical Marine Ltd (company number SC507171) entered compulsory liquidation on 16 October 2024, by order of the court. Margo Mclenan of null was appointed as liquidator.
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Pegasus Electrical Marine 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 | SC507171 |
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| Incorporated | 1 June 2015 (11 years old) |
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| Registered office | 1 Union Street, Saltcoats, North Ayrshire, KA21 5LL |
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| Nature of business (SIC) | 43210: Electrical installation (Construction) |
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| Date entered compulsory liquidation | 16 October 2024 |
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| Liquidator | Margo Mclenan, null (licensed insolvency practitioner) |
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| Public register | View filing history ↗ |
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About the business
Pegasus Electrical Marine Ltd is a construction business based in Saltcoats, incorporated in 2015 and 9 years old when the liquidator was appointed. Its registered activity is electrical installation (SIC 43210). There have been 2 director appointments since incorporation, of which 2 were on the board when the liquidator was appointed, alongside 1 person with significant control.
Directors
2 people have been appointed as directors of Pegasus Electrical Marine Ltd.
DirectorStatusAppointedResigned
Persons with significant control
Individuals or entities with significant influence or control.
Mr John Barry Farquhar
individual person with significant control · British · United Kingdom
Ownership of shares 25-50%Voting rights 25-50%Right to appoint and remove directors
What happened
EventDateType
Registered office address changed29 October 2024AD01 Court order in a winding-up (& Court Order attachment)29 October 2024WU01(Scot)
Compulsory liquidationStatus16 October 2024
Compulsory strike-off action has been discontinued10 August 2024DISS40 Confirmation statement made with no updates7 August 2024CS01 +25 earlier events · 2015 to 2024
Compulsory strike-off action has been suspended12 June 2024DISS16(SOAS) First Gazette notice for compulsory strike-off28 May 2024GAZ1 Confirmation statement made with no updates9 August 2023CS01 Unaudited abridged accounts made up29 March 2023AA Confirmation statement made with no updates27 September 2022CS01 Unaudited abridged accounts made up31 March 2022AA Confirmation statement made with no updates22 September 2021CS01 Amended accounts made up9 June 2021AAMD Total exemption full accounts made up2 June 2021AA Confirmation statement made with no updates25 August 2020CS01 Unaudited abridged accounts made up25 June 2020AA Confirmation statement made with no updates2 August 2019CS01 Unaudited abridged accounts made up22 March 2019AA Director's details changed14 January 2019CH01 Director's details changed14 January 2019CH01 Change of details as a person with significant control14 January 2019PSC04 Confirmation statement made with updates24 August 2018CS01 Director's details changed24 August 2018CH01 Unaudited abridged accounts made up26 January 2018AA Confirmation statement made with no updates28 August 2017CS01 Amended total exemption small company accounts made up17 March 2017AAMD Total exemption small company accounts made up1 March 2017AA Confirmation statement made with updates9 September 2016CS01 Appointment as a director3 May 2016AP01 Annual return made up with full list of shareholders27 July 2015AR01 Incorporation1 June 2015NEWINC 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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Related guides
The bigger picture
Frequently asked questions
- Is Pegasus Electrical Marine Ltd in compulsory liquidation?
- Yes. Pegasus Electrical Marine Ltd (company number SC507171) entered compulsory liquidation on 16 October 2024, by order of the court. Margo Mclenan of null was appointed as liquidator.
- Who is the liquidator of Pegasus Electrical Marine Ltd?
- Margo Mclenan, a licensed insolvency practitioner at null, was appointed liquidator of Pegasus Electrical Marine Ltd on 16 October 2024. Creditors can contact the liquidator directly to submit a claim.
- What does Pegasus Electrical Marine Ltd do?
- Pegasus Electrical Marine Ltd's registered nature of business is electrical installation (SIC 43210). It is classified in the construction sector.
- Where is Pegasus Electrical Marine Ltd based?
- Pegasus Electrical Marine Ltd's registered office is 1 Union Street, Saltcoats, North Ayrshire, KA21 5LL. The registered office is the address held on the public register, which is not always the trading address.
- When was Pegasus Electrical Marine Ltd founded?
- Pegasus Electrical Marine Ltd was incorporated on 1 June 2015, 9 years before the liquidator was appointed.
- What is Pegasus Electrical Marine Ltd's company number?
- Pegasus Electrical Marine Ltd's registered company number is SC507171.
- Who has significant control of Pegasus Electrical Marine Ltd?
- 1 active person with significant control over Pegasus Electrical Marine Ltd is on the register: Mr John Barry Farquhar.
- What does liquidation mean for creditors of Pegasus Electrical Marine 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 Pegasus Electrical Marine 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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