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PNN (Properties) Limited Is PNN (Properties) Limited in compulsory liquidation?
Last verified 27 May 2026
Yes, PNN (Properties) Limited (company number 03025372) entered compulsory liquidation on 16 July 2007, by order of the court. The Official Receiver Or London of null was appointed as liquidator.
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PNN (Properties) 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
1 May 2003
Compulsory liquidation
16 July 2007
Company at a glance
| Status | In Compulsory Liquidation |
|---|
| Company number | 03025372 |
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| Previously known as | - PO NA NA Souk Bar (Holdings) Limited, Jun 1995 to Jan 1996
- Castproud Limited, Feb 1995 to Jun 1995
|
|---|
| Incorporated | 22 February 1995 (31 years old) |
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| Registered office | Grant Thornton House, Melton Street, Euston Square, London, NW1 2EP |
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| Date entered compulsory liquidation | 16 July 2007 |
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| Liquidator | The Official Receiver Or London, null (licensed insolvency practitioner) |
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| Public register | View filing history ↗ |
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About the business
PNN (Properties) Limited is a UK limited company based in Euston Square, incorporated in 1995 and 12 years old when the liquidator was appointed. There have been 9 director appointments since incorporation, of which 4 were on the board when the liquidator was appointed. 10 charges have been registered against the company, 2 of which are still outstanding.
Directors
9 people have been appointed as directors of PNN (Properties) Limited.
DirectorStatusAppointedResigned
+3 former directors · resigned 1995 to 1997
A director resignation shortly before an insolvency is a matter of public record; it does not by itself imply wrongdoing.
Charges register
Secured creditors and encumbrances against the company. 2 outstanding · 8 satisfied.
Status · Creditor · Type · Dates
OutstandingThe Royal Bank of Scotland PLC
Debenture · Created 6 Sep 2002 · Pending
SatisfiedNational Westminster Bank PLC
Legal mortgage · Created 25 Jun 2001 · Satisfied 25 Sep 2002
OutstandingDe Drechtdijk Bv
Deed of deposit · Created 15 Nov 2000 · Pending
SatisfiedNational Westminster Bank PLC
Legal mortgage · Created 13 Nov 1999 · Satisfied 25 Sep 2002
SatisfiedNational Westminster Bank PLC
Legal mortgage · Created 24 Jul 1998 · Satisfied 25 Sep 2002
+4 earlier charges · 1996 to 1997
SatisfiedKambiz Shayeganzadeh
Legal charge · Created 30 Jan 1997 · Satisfied 20 Aug 1997
SatisfiedMax Sebastian Johnson
Legal charge · Created 30 Jan 1997 · Satisfied 20 Aug 1997
SatisfiedGaetano Falco
Legal charge · Created 12 Sep 1996 · Satisfied 20 Aug 1997
SatisfiedGrosvenor Inns & Taverns
Memorandum of deposit · Created 18 Jun 1996 · Satisfied 20 Dec 1997
SatisfiedThe Governor and Company of the Bank of Scotland
Debenture · Created 17 Oct 1995 · Satisfied 25 Sep 2002
What happened
EventDateType
Notice of discharge of Administration Order6 September 20072.19
Order of court to wind up6 September 2007COCOMP
Compulsory liquidationStatus16 July 2007
Administrator's abstract of receipts and payments1 June 20072.15
Administrator's abstract of receipts and payments29 December 20062.15
+74 earlier events · 1995 to 2006
Administrator's abstract of receipts and payments29 December 20062.15
Administrator's abstract of receipts and payments12 June 20062.15
Administrator's abstract of receipts and payments6 January 20062.15
Administrator's abstract of receipts and payments30 June 20052.15
Administrator's abstract of receipts and payments30 December 20042.15
Administrator's abstract of receipts and payments30 June 20042.15
Statement of administrator's proposal4 February 20042.21
Notice of result of meeting of creditors4 February 20042.23
Administrator's abstract of receipts and payments6 January 20042.15
Notice of Administration Order14 May 20032.6
Administration Order14 May 20032.7
AdministrationStatus1 May 2003
Legacy25 September 2002403a Legacy25 September 2002403a Legacy25 September 2002403a Legacy25 September 2002403a Legacy11 September 2002395 Full accounts made up16 July 2002AA Full accounts made up2 February 2001AA Legacy29 November 2000395 Full accounts made up1 February 2000AA Legacy31 January 2000288a Legacy23 November 1999395 Full accounts made up2 February 1999AA Auditor's resignation9 March 1998AUD
Auditor's resignation9 March 1998AUD
Legacy20 December 1997403a Full accounts made up11 November 1997AA Legacy12 October 1997288a Legacy26 February 1997363s Legacy17 September 1996395 Full accounts made up22 February 1996AA Legacy16 February 1996123 Certificate of change of name23 January 1996CERTNM Legacy9 August 1995224
Memorandum and Articles of Association4 July 1995MEM/ARTS
Certificate of change of name20 June 1995CERTNM Incorporation22 February 1995NEWINC 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 PNN (Properties) Limited in compulsory liquidation?
- Yes. PNN (Properties) Limited (company number 03025372) entered compulsory liquidation on 16 July 2007, by order of the court. The Official Receiver Or London of null was appointed as liquidator.
- Who is the liquidator of PNN (Properties) Limited?
- The Official Receiver Or London, a licensed insolvency practitioner at null, was appointed liquidator of PNN (Properties) Limited on 16 July 2007. Creditors can contact the liquidator directly to submit a claim.
- Where is PNN (Properties) Limited based?
- PNN (Properties) Limited's registered office is Grant Thornton House, Melton Street, Euston Square, London, NW1 2EP. The registered office is the address held on the public register, which is not always the trading address.
- When was PNN (Properties) Limited founded?
- PNN (Properties) Limited was incorporated on 22 February 1995, 12 years before the liquidator was appointed.
- What is PNN (Properties) Limited's company number?
- PNN (Properties) Limited's registered company number is 03025372.
- Does PNN (Properties) Limited have any outstanding charges?
- 2 outstanding charges are registered against PNN (Properties) Limited out of 10 on file. Outstanding charges represent secured creditors who rank ahead of unsecured creditors in any recovery.
- What does liquidation mean for creditors of PNN (Properties) 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 PNN (Properties) 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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