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Prospect Timber Limited Is Prospect Timber Limited in compulsory liquidation?
Last verified 26 May 2026
Yes, Prospect Timber Limited (company number 02282660) entered compulsory liquidation on 26 June 1991, by order of the court.
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Prospect Timber 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 |
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| Company number | 02282660 |
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| Previously known as | - Larnham Limited, Aug 1988 to Mar 1989
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| Incorporated | 1 August 1988 (38 years old) |
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| Registered office | Prospect Farm, Thornden Wood Road, Herne Bay, Kent, CT6 7NU |
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| Date entered compulsory liquidation | 26 June 1991 |
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| Public register | View filing history ↗ |
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About the business
Prospect Timber Limited is a UK limited company based in Herne Bay, incorporated in 1988 and 3 years old when the liquidator was appointed. 1 charge has been registered against the company, 1 of which is still outstanding.
Directors
0 people have been appointed as directors of Prospect Timber Limited.
DirectorStatusAppointedResigned
Charges register
Secured creditors and encumbrances against the company. 1 outstanding · 0 satisfied.
Status · Creditor · Type · Dates
OutstandingNational Westminster Bank PLC
Mortgage debenture · Created 21 Jul 1990 · Pending
What happened
EventDateType
A selection of mortgage documents registered before 1 January 19951 January 1995PRE95M
Order of court to wind up16 July 1991COCOMP
Court order notice of winding up2 July 1991F14
Compulsory liquidationStatus26 June 1991
+8 earlier events · 1989 to 1990
Legacy7 April 1989PUC 2
Certificate of change of name13 March 1989CERTNM Incorporation1 August 1988NEWINC 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 Prospect Timber Limited in compulsory liquidation?
- Yes. Prospect Timber Limited (company number 02282660) entered compulsory liquidation on 26 June 1991, by order of the court.
- Where is Prospect Timber Limited based?
- Prospect Timber Limited's registered office is Prospect Farm, Thornden Wood Road, Herne Bay, Kent, CT6 7NU. The registered office is the address held on the public register, which is not always the trading address.
- When was Prospect Timber Limited founded?
- Prospect Timber Limited was incorporated on 1 August 1988, 3 years before the liquidator was appointed.
- What is Prospect Timber Limited's company number?
- Prospect Timber Limited's registered company number is 02282660.
- Does Prospect Timber Limited have any outstanding charges?
- an outstanding charge is registered against Prospect Timber Limited out of 1 on file. Outstanding charges represent secured creditors who rank ahead of unsecured creditors in any recovery.
- What does liquidation mean for creditors of Prospect Timber 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 Prospect Timber 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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