HomeCompanies in LiquidationProduct Source Group Limited

Is Product Source Group Limited in creditors' voluntary liquidation?

Last verified 27 May 2026
In Creditors' Voluntary LiquidationYes, Product Source Group Limited (company number 05888031) entered creditors' voluntary liquidation on 6 June 2025, by its creditors. Andrew David Rosler of null was appointed as liquidator.

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Product Source Group Limited is now in creditors' voluntary 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

StatusIn Creditors' Voluntary Liquidation
Company number05888031
Previously known as
  • Ice.Co.Uk Group Ltd, Jan 2020 to Mar 2020
  • Ice Elegant Gifts Limited, Sep 2007 to Jan 2020
  • FOB Direct Limited, Jul 2006 to Sep 2007
Incorporated26 July 2006 (20 years old)
Registered officeC/O Ideal Corporate Solutions Lancaster House, 171 Chorley New Road, Bolton, BL1 4QZ
Nature of business (SIC)46900: Non-specialised wholesale trade (Retail)
Date entered creditors' voluntary liquidation6 June 2025
LiquidatorAndrew David Rosler, null (licensed insolvency practitioner)
Public registerView filing history ↗

About the business

Product Source Group Limited is a retail business based in Bolton, incorporated in 2006 and 19 years old when the liquidator was appointed. Its registered activity is non-specialised wholesale trade (SIC 46900). There have been 9 director appointments since incorporation, of which 1 was on the board when the liquidator was appointed, alongside 1 person with significant control. 4 charges have been registered against the company, 3 of which are still outstanding.

Directors

9 people have been appointed as directors of Product Source Group Limited.

DirectorStatusResigned
Steven Howard ElliottActive
Joanne Elaine VarleyResigned22 Nov 2024
Joanne VarleyResigned22 Nov 2024
Paul BuckleyResigned21 Aug 2024
Steven Howard ElliottResigned1 Feb 2023
Juliette Anna CooneyResigned13 Dec 2013
3 former directors · resigned 2006 to 2007
Martin Roy VarleyResigned5 Nov 2007
Form 10 Secretaries FD Ltd+ 696 othersResigned27 Jul 2006
Form 10 Directors FD Ltd+ 778 othersResigned27 Jul 2006

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.

1 ceased control
  • Mr Martin Roy Varley · ceased 1 Feb 2021

Charges register

Secured creditors and encumbrances against the company. 3 outstanding · 1 satisfied.

Status · Creditor · Type · Dates
OutstandingMerchr Limited
A registered charge · Created 19 Feb 2025 · Pending
OutstandingParagon Business Finance PLC
A registered charge · Created 9 Feb 2022 · Pending
OutstandingHsbc UK Bank PLC
A registered charge · Created 12 Nov 2020 · Pending
SatisfiedInvestec Capital Solutions No.1 Limited
A registered charge · Created 6 May 2020 · Satisfied 6 Jul 2022

What happened

EventDateType
Liquidators' statement of receipts and payments to 2026-06-059 July 2026LIQ03
Notice to Registrar of Companies of Notice of disclaimer10 July 2025NDISC
Registered office address changed20 June 2025AD01
Appointment of a voluntary liquidator13 June 2025600
Resolutions13 June 2025RESOLUTIONS
78 earlier events · 2006 to 2025
Statement of affairs13 June 2025LIQ02
Creditors' voluntary liquidationStatus6 June 2025
Director's details changed25 March 2025CH01
Registration of charge , created11 March 2025MR01
Confirmation statement made with no updates11 February 2025CS01
Termination of appointment as a secretary22 November 2024TM02
Termination of appointment as a director22 November 2024TM01
Total exemption full accounts made up20 September 2024AA
Termination of appointment as a director21 August 2024TM01
Confirmation statement made with no updates20 February 2024CS01
Total exemption full accounts made up21 December 2023AA
Confirmation statement made with no updates13 February 2023CS01
Termination of appointment as a secretary13 February 2023TM02
Director's details changed15 January 2023CH01
Director's details changed15 January 2023CH01
Appointment as a director22 December 2022AP01
Satisfaction of charge in full6 July 2022MR04
Unaudited abridged accounts made up29 May 2022AA
Registered office address changed15 February 2022AD01
Confirmation statement made with no updates15 February 2022CS01
Registration of charge , created15 February 2022MR01
Total exemption full accounts made up27 June 2021AA
Confirmation statement made with updates10 February 2021CS01
Cessation as a person with significant control10 February 2021PSC07
Total exemption full accounts made up30 December 2020AA
Registration of charge , created1 December 2020MR01
Confirmation statement made with no updates30 July 2020CS01
Registration of charge , created11 May 2020MR01
Appointment as a director26 April 2020AP01
Appointment as a secretary22 April 2020AP03
Change of name notice18 March 2020CONNOT
Resolutions18 March 2020RESOLUTIONS
Resolutions6 January 2020RESOLUTIONS
Total exemption full accounts made up29 September 2019AA
Confirmation statement made with no updates31 July 2019CS01
Confirmation statement made with no updates24 September 2018CS01
Total exemption full accounts made up4 June 2018AA
Total exemption full accounts made up31 October 2017AA
Confirmation statement made with updates9 August 2017CS01
Statement of capital following an allotment of shares3 August 2017SH01
Statement of capital19 July 2017SH02
Resolutions13 July 2017RESOLUTIONS
Total exemption small company accounts made up8 October 2016AA
Confirmation statement made with updates6 August 2016CS01
Total exemption small company accounts made up22 September 2015AA
Annual return made up with full list of shareholders4 August 2015AR01
Annual return made up with full list of shareholders8 August 2014AR01
Statement of capital following an allotment of shares7 August 2014SH01
Total exemption small company accounts made up17 June 2014AA
Termination of appointment as a director13 December 2013TM01
Total exemption small company accounts made up24 September 2013AA
Annual return made up with full list of shareholders27 July 2013AR01
Total exemption small company accounts made up21 August 2012AA
Annual return made up with full list of shareholders27 July 2012AR01
Annual return made up with full list of shareholders11 September 2011AR01
Total exemption small company accounts made up1 September 2011AA
Total exemption small company accounts made up30 September 2010AA
Director's details changed12 August 2010CH01
Annual return made up with full list of shareholders12 August 2010AR01
Total exemption small company accounts made up1 February 2010AA
Director's details changed23 October 2009CH01
Secretary's details changed23 October 2009CH03
Annual return made up with full list of shareholders23 October 2009AR01
Registered office address changed12 October 2009AD01
Legacy18 August 2008363s
Total exemption small company accounts made up28 May 2008AA
Legacy18 March 2008225
Legacy13 December 2007288b
Legacy13 December 2007288a
Legacy26 November 2007363s
Legacy17 September 2007288a
Legacy4 September 2007288b
Certificate of change of name4 September 2007CERTNM
Legacy15 February 2007288a
Legacy15 February 2007288a
Legacy31 August 200688(2)R
Legacy27 July 2006288b
Legacy27 July 2006288b
Incorporation26 July 2006NEWINC

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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Other retail companies in creditors' voluntary liquidation

All UK companies in creditors' voluntary liquidation

Related guides

What is a validation order?The order debts are paidWarning signs in your other customersWhat the filings mean

The bigger picture

The state of UK insolvency

Frequently asked questions

Is Product Source Group Limited in creditors' voluntary liquidation?
Yes. Product Source Group Limited (company number 05888031) entered creditors' voluntary liquidation on 6 June 2025, by its creditors. Andrew David Rosler of null was appointed as liquidator.
Who is the liquidator of Product Source Group Limited?
Andrew David Rosler, a licensed insolvency practitioner at null, was appointed liquidator of Product Source Group Limited on 6 June 2025. Creditors can contact the liquidator directly to submit a claim.
What does Product Source Group Limited do?
Product Source Group Limited's registered nature of business is non-specialised wholesale trade (SIC 46900). It is classified in the retail sector.
Where is Product Source Group Limited based?
Product Source Group Limited's registered office is C/O Ideal Corporate Solutions Lancaster House, 171 Chorley New Road, Bolton, BL1 4QZ. The registered office is the address held on the public register, which is not always the trading address.
When was Product Source Group Limited founded?
Product Source Group Limited was incorporated on 26 July 2006, 19 years before the liquidator was appointed.
What is Product Source Group Limited's company number?
Product Source Group Limited's registered company number is 05888031.
Who has significant control of Product Source Group Limited?
1 active person with significant control over Product Source Group Limited is on the register: Mrs Joanne Varley.
Does Product Source Group Limited have any outstanding charges?
3 outstanding charges are registered against Product Source Group Limited out of 4 on file. Outstanding charges represent secured creditors who rank ahead of unsecured creditors in any recovery.
What does liquidation mean for creditors of Product Source Group 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 Product Source Group 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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