Is Picaway Limited in compulsory liquidation?
Last verified 26 May 2026
Yes, Picaway Limited (company number 01961120) entered compulsory liquidation on 14 June 1993, by order of the court.
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Picaway 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
Administration
16 February 1990
Compulsory liquidation
14 June 1993
Company at a glance
| Status | In Compulsory Liquidation |
|---|
| Company number | 01961120 |
|---|
| Incorporated | 19 November 1985 (41 years old) |
|---|
| Registered office | 10 Dudley Street, Grimsby, South Humberside, DN31 2AB |
|---|
| Date entered compulsory liquidation | 14 June 1993 |
|---|
| Public register | View filing history ↗ |
|---|
About the business
Picaway Limited is a UK limited company based in South Humberside, incorporated in 1985 and 8 years old when the liquidator was appointed. 6 charges have been registered against the company, 6 of which are still outstanding.
Directors
0 people have been appointed as directors of Picaway Limited.
DirectorStatusAppointedResigned
Charges register
Secured creditors and encumbrances against the company. 6 outstanding · 0 satisfied.
Status · Creditor · Type · Dates
OutstandingGuardian Assurance PLC
Mortgage · Created 24 Oct 1989 · Pending
OutstandingNational Westminster Bank PLC
Legal mortgage · Created 21 Jun 1989 · Pending
OutstandingKellock Limited
Debenture · Created 28 Dec 1988 · Pending
OutstandingCounty Produce (Frozen Foods) Limited
Debenture · Created 22 Jul 1988 · Pending
OutstandingHomebridging PLC
Legal charge · Created 22 Jul 1988 · Pending
OutstandingNational Westminster Bank PLC
Mortgage debenture · Created 24 Jan 1986 · Pending
What happened
EventDateType
First Gazette notice for compulsory strike-off10 July 2018GAZ1 Administrator's abstract of receipts and payments2 August 19932.15
Administrator's abstract of receipts and payments2 August 19932.15
Order of court to wind up12 July 1993COCOMP
Order of court to wind up8 July 1993COCOMP
+28 earlier events · 1986 to 1993
Notice of discharge of Administration Order29 June 19932.19
Compulsory liquidationStatus14 June 1993
Administrator's abstract of receipts and payments11 September 19922.15
Administrator's abstract of receipts and payments11 September 19922.15
Administrator's abstract of receipts and payments11 September 19922.15
Administrator's abstract of receipts and payments18 March 19912.15
Administrator's abstract of receipts and payments10 September 19902.15
Notice of result of meeting of creditors4 June 19902.23
Statement of administrator's proposal4 May 19902.21
Legacy21 March 1990SPEC PEN
Administration Order21 March 19902.7
Notice of Administration Order23 February 19902.6
AdministrationStatus16 February 1990
Memorandum and Articles of Association21 July 1989MEM/ARTS
Full accounts made up31 May 1989AA Legacy29 December 1988395 Full accounts made up28 March 1988AA A selection of documents registered before 1 January 19871 January 1987PRE87
Legacy20 November 1986287 Legacy13 November 1986288 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 Picaway Limited in compulsory liquidation?
- Yes. Picaway Limited (company number 01961120) entered compulsory liquidation on 14 June 1993, by order of the court.
- Where is Picaway Limited based?
- Picaway Limited's registered office is 10 Dudley Street, Grimsby, South Humberside, DN31 2AB. The registered office is the address held on the public register, which is not always the trading address.
- When was Picaway Limited founded?
- Picaway Limited was incorporated on 19 November 1985, 8 years before the liquidator was appointed.
- What is Picaway Limited's company number?
- Picaway Limited's registered company number is 01961120.
- Does Picaway Limited have any outstanding charges?
- 6 outstanding charges are registered against Picaway Limited out of 6 on file. Outstanding charges represent secured creditors who rank ahead of unsecured creditors in any recovery.
- What does liquidation mean for creditors of Picaway 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 Picaway 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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