Is Precis (1933) Limited in compulsory liquidation?
Last verified 27 May 2026
Yes, Precis (1933) Limited (company number 01050636) entered compulsory liquidation on 17 April 2002, by order of the court. The Official Receiver Or Southend of null was appointed as liquidator.
Do you deal with companies like Precis (1933) Limited? Add up to 5 companies free. We'll email you the day one enters administration.
Free, no card. We'll send a one-click sign-in link, no password to remember.
Prefer the earlier signs? Protect catches the pattern that builds, well before it's official. See how it works →
Precis (1933) 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.
Company at a glance
| Status | In Compulsory Liquidation |
|---|
| Company number | 01050636 |
|---|
| Previously known as | - BAC Limited, Mar 1992 to Feb 2001
- Supaglide Limited, Apr 1972 to Mar 1992
|
|---|
| Incorporated | 19 April 1972 (54 years old) |
|---|
| Registered office | Faringdon Avenue, Harold Hill, Romford, Essex, RM3 8SP |
|---|
| Date entered compulsory liquidation | 17 April 2002 |
|---|
| Liquidator | The Official Receiver Or Southend, null (licensed insolvency practitioner) |
|---|
| Public register | View filing history ↗ |
|---|
About the business
Precis (1933) Limited is a UK limited company based in Romford, incorporated in 1972 and 30 years old when the liquidator was appointed. There have been 14 director appointments since incorporation, of which 3 were on the board when the liquidator was appointed. 25 charges have been registered against the company, 10 of which are still outstanding.
Directors
14 people have been appointed as directors of Precis (1933) Limited.
DirectorStatusAppointedResigned
+8 former directors · resigned 1992 to 1999
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. 10 outstanding · 15 satisfied.
Status · Creditor · Type · Dates
OutstandingBarclays Bank PLC
Guarantee & debenture · Created 6 Dec 2000 · Pending
OutstandingBarclays Bank PLC
Chattel mortgage · Created 3 Feb 2000 · Pending
SatisfiedBowater Windows Limited
Legal charge · Created 23 Mar 1999 · Satisfied 29 Jul 1999
OutstandingEdward Kenneth Coventry, Leslie George Briggs, Terence Caton, Roy Thomas Eady
Deed of variation · Created 12 Mar 1999 · Pending
SatisfiedNational Westminster Bank PLC
Legal mortgage · Created 19 Jan 1999 · Satisfied 13 Jun 2000
+19 earlier charges · 1977 to 1999
SatisfiedNational Westminster Bank PLC
Legal mortgage · Created 19 Jan 1999 · Satisfied 13 Jun 2000
SatisfiedNational Westminster Bank PLC
Legal mortgage · Created 6 Oct 1998 · Satisfied 13 Jun 2000
SatisfiedBarclays Bank PLC
Legal charge · Created 15 Jul 1998 · Satisfied 29 Jul 1999
OutstandingThe Trustees of the Bac Directors Pension Scheme
Deed of variation to a debenture · Created 15 Dec 1997 · Pending
SatisfiedNational Westminster Bank PLC
Mortgage debenture · Created 22 Jul 1997 · Satisfied 13 Jun 2000
OutstandingTrustees of Bac Directors Pension Fund
Debenture · Created 6 Mar 1997 · Pending
OutstandingRoy Thomas Eady, Terence John Caton, Edward Kenneth Coventry
Debenture · Created 6 Mar 1997 · Pending
OutstandingLloyds Bowmaker Limited
Fixed charge · Created 7 Feb 1995 · Pending
OutstandingLloyds Bowmaker Limited
Fixed charge · Created 1 Sep 1994 · Pending
SatisfiedBarclays Bank PLC
Legal charge · Created 4 Feb 1994 · Satisfied 8 Feb 2000
SatisfiedBarclays Bank PLC
Legal charge · Created 16 Feb 1993 · Satisfied 22 Jan 1999
SatisfiedBarclays Bank PLC
Legal charge · Created 16 Feb 1993 · Satisfied 22 Jan 1999
SatisfiedBarclays Bank PLC
Legal charge · Created 20 Jan 1993 · Satisfied 8 Feb 2000
OutstandingBarclays Bank PLC
Fixed charge · Created 4 Sep 1992 · Pending
SatisfiedBarclays Bank PLC
Legal charge · Created 24 Jun 1991 · Satisfied 16 Feb 2000
SatisfiedBarclays Bank PLC
Legal charge · Created 24 Jun 1991 · Satisfied 16 Feb 2000
SatisfiedBarclays Bank PLC
Legal charge · Created 24 Apr 1979 · Satisfied 22 Jan 1999
SatisfiedEagle Star Insurance Company LTD.
Mortgage · Created 24 Apr 1979 · Satisfied 22 Jan 1999
OutstandingBarclays Bank PLC
Debenture · Created 29 Nov 1977 · Pending
SatisfiedNational Westminster Bank PLC
Mortgage debenture · Created 29 Apr 1977 · Satisfied 10 Feb 1993
What happened
EventDateType
Restoration by order of court - previously in Compulsory Liquidation6 September 2017REST-COCOMP
Voluntary arrangement supervisor's abstract of receipts and payments19 November 20041.3
Voluntary arrangement supervisor's abstract of receipts and payments19 November 20041.3
Voluntary arrangement supervisor's abstract of receipts and payments19 November 20041.3
Voluntary arrangement supervisor's abstract of receipts and payments19 November 20041.3
+99 earlier events · 1987 to 2004
Notice of completion of voluntary arrangement9 November 20041.4
Completion of winding up23 August 2002L64.07
Dissolution deferment23 August 2002L64.04
Order of court to wind up20 May 2002COCOMP
Order of court to wind up3 May 2002COCOMP
Compulsory liquidationStatus17 April 2002
Legacy26 October 2001363s Full group accounts made up5 June 2001AA Legacy16 December 2000395 Notice to Registrar of companies voluntary arrangement taking effect11 December 20001.1
Legacy5 December 2000288b Legacy28 November 2000363s Legacy28 November 2000363(190)
Full group accounts made up7 April 2000AA Legacy22 February 2000395 Legacy16 February 2000403a Legacy16 February 2000403a Legacy11 February 2000288b Legacy8 February 2000403a Legacy8 February 2000403a Legacy23 December 1999287 Legacy30 November 1999363(190)
Legacy30 November 1999363s Legacy22 January 1999403a Legacy22 January 1999403a Legacy22 January 1999403a Legacy22 January 1999403a Full group accounts made up22 October 1998AA Legacy22 October 1998363s Legacy19 February 1998288b Legacy20 January 1998363s Full group accounts made up20 January 1998AA Legacy19 December 1997395 Full group accounts made up14 January 1997AA Legacy14 January 1997363s Full group accounts made up28 January 1996AA Legacy28 January 1996363s Legacy28 January 1996363(288)
Full group accounts made up23 January 1995AA Legacy23 January 1995363s A selection of mortgage documents registered before 1 January 19951 January 1995PRE95M
A selection of documents registered before 1 January 19951 January 1995PRE95
Legacy5 September 1994395 Legacy16 February 1994395 Full group accounts made up6 February 1994AA Legacy6 February 1994363(288)
Legacy23 February 1993395 Legacy23 February 1993395 Legacy10 February 1993403a Full group accounts made up27 January 1993AA Legacy27 January 1993363(288)
Legacy16 September 1992395 Certificate of change of name30 March 1992CERTNM Full group accounts made up28 January 1992AA Full group accounts made up1 February 1991AA Legacy19 September 1990288 Full group accounts made up1 February 1990AA Full accounts made up26 January 1989AA Full accounts made up9 February 1988AA Group of companies' accounts made up21 January 1987AA A selection of documents registered before 1 January 19871 January 1987PRE87
Incorporation19 April 1972NEWINC 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
Most suppliers only find out a customer has failed once it is announced. By then it is too late. Protect monitors every company you sell to and emails you as the warning signs build, well before it becomes official. We can't stop a customer failing, but you'll never be the last to know, and you'll know you did all you could.
See how Protect works, £24/mo →Other companies in compulsory liquidation
Related guides
The bigger picture
Frequently asked questions
- Is Precis (1933) Limited in compulsory liquidation?
- Yes. Precis (1933) Limited (company number 01050636) entered compulsory liquidation on 17 April 2002, by order of the court. The Official Receiver Or Southend of null was appointed as liquidator.
- Who is the liquidator of Precis (1933) Limited?
- The Official Receiver Or Southend, a licensed insolvency practitioner at null, was appointed liquidator of Precis (1933) Limited on 17 April 2002. Creditors can contact the liquidator directly to submit a claim.
- Where is Precis (1933) Limited based?
- Precis (1933) Limited's registered office is Faringdon Avenue, Harold Hill, Romford, Essex, RM3 8SP. The registered office is the address held on the public register, which is not always the trading address.
- When was Precis (1933) Limited founded?
- Precis (1933) Limited was incorporated on 19 April 1972, 30 years before the liquidator was appointed.
- What is Precis (1933) Limited's company number?
- Precis (1933) Limited's registered company number is 01050636.
- Does Precis (1933) Limited have any outstanding charges?
- 10 outstanding charges are registered against Precis (1933) Limited out of 25 on file. Outstanding charges represent secured creditors who rank ahead of unsecured creditors in any recovery.
- What does liquidation mean for creditors of Precis (1933) 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 Precis (1933) 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.
Report an error on this page·Not financial, credit or legal advice.