Is Proweld UK Limited in creditors' voluntary liquidation?
Last verified 27 May 2026
Yes, Proweld UK Limited (company number 02618352) entered creditors' voluntary liquidation on 5 January 2026, by its creditors. Adam Buck of null was appointed as liquidator.
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Proweld UK 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
| Status | In Creditors' Voluntary Liquidation |
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| Company number | 02618352 |
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| Previously known as | - Sharebasic Limited, Jun 1991 to Dec 1999
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| Incorporated | 7 June 1991 (35 years old) |
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| Registered office | Castle Hill Insolvency, 1 Battle Road, Heathfield, Newton Abbot, Devon, TQ12 6RY |
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| Nature of business (SIC) | 46900: Non-specialised wholesale trade (Retail) |
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| Date entered creditors' voluntary liquidation | 5 January 2026 |
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| Liquidator | Adam Buck, null (licensed insolvency practitioner) |
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| Public register | View filing history ↗ |
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About the business
Proweld UK Limited is a retail business based in Newton Abbot, incorporated in 1991 and 35 years old when the liquidator was appointed. Its registered activity is non-specialised wholesale trade (SIC 46900). There have been 11 director appointments since incorporation, of which 1 was on the board when the liquidator was appointed, alongside 1 person with significant control. 6 charges have been registered against the company, 1 of which is still outstanding.
Directors
11 people have been appointed as directors of Proweld UK Limited.
DirectorStatusAppointedResigned
+5 former directors · resigned 1991
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.
Mr Paul Antony Valente
individual person with significant control · British · United Kingdom
Ownership of shares 75-100%Voting rights 75-100%Right to appoint and remove directors
1 ceased control
- Mr Philip Anthony Howlin · ceased 31 Jul 2020
Charges register
Secured creditors and encumbrances against the company. 1 outstanding · 5 satisfied.
Status · Creditor · Type · Dates
OutstandingBibby Financial Services LTD (As Security Trustee)
A registered charge · Created 27 Feb 2025 · Pending
SatisfiedAbn Amro Asset Based Finance N.V.
A registered charge · Created 29 Sep 2021 · Satisfied 28 Feb 2025
SatisfiedBarclays Bank PLC
Legal charge · Created 16 May 2003 · Satisfied 12 Jul 2021
SatisfiedVenture Finance PLC
Debenture · Created 18 Dec 2002 · Satisfied 4 Oct 2021
SatisfiedBarclays Bank PLC
Legal mortgage · Created 29 Feb 2000 · Satisfied 12 Jul 2021
SatisfiedBarclays Bank PLC
Debenture · Created 1 Nov 1991 · Satisfied 12 Jul 2021
What happened
EventDateType
Confirmation statement made on 2026-06-07 with no updates21 June 2026CS01 Notice to Registrar of Companies of Notice of disclaimer16 January 2026NDISC
Statement of affairs15 January 2026LIQ02
Appointment of a voluntary liquidator15 January 2026600
+120 earlier events · 1991 to 2026
Registered office address changed6 January 2026AD01 Creditors' voluntary liquidationStatus5 January 2026
Confirmation statement made with no updates9 June 2025CS01 Satisfaction of charge in full28 February 2025MR04 Registration of charge , created27 February 2025MR01 Unaudited abridged accounts made up25 February 2025AA Confirmation statement made with no updates7 June 2024CS01 Unaudited abridged accounts made up28 February 2024AA Confirmation statement made with no updates7 June 2023CS01 Unaudited abridged accounts made up13 April 2023AA Confirmation statement made with no updates15 June 2022CS01 Unaudited abridged accounts made up24 February 2022AA Satisfaction of charge in full4 October 2021MR04 Registration of charge , created29 September 2021MR01 Satisfaction of charge in full12 July 2021MR04 Satisfaction of charge in full12 July 2021MR04 Satisfaction of charge in full12 July 2021MR04 Confirmation statement made with updates8 June 2021CS01 Unaudited abridged accounts made up21 December 2020AA Cessation as a person with significant control31 July 2020PSC07 Termination of appointment as a secretary31 July 2020TM02 Termination of appointment as a director31 July 2020TM01 Change of details as a person with significant control31 July 2020PSC04 Confirmation statement made with no updates8 June 2020CS01 Unaudited abridged accounts made up19 February 2020AA Confirmation statement made with no updates18 June 2019CS01 Unaudited abridged accounts made up27 February 2019AA Confirmation statement made with no updates7 June 2018CS01 Unaudited abridged accounts made up18 January 2018AA Confirmation statement made with updates14 June 2017CS01 Total exemption small company accounts made up26 October 2016AA Annual return made up with full list of shareholders14 June 2016AR01 Total exemption small company accounts made up26 August 2015AA Annual return made up with full list of shareholders30 June 2015AR01 Total exemption small company accounts made up23 October 2014AA Annual return made up with full list of shareholders10 June 2014AR01 Total exemption small company accounts made up15 October 2013AA Annual return made up with full list of shareholders17 June 2013AR01 Total exemption small company accounts made up26 November 2012AA Annual return made up with full list of shareholders18 June 2012AR01 Total exemption small company accounts made up9 January 2012AA Annual return made up with full list of shareholders5 July 2011AR01 Total exemption small company accounts made up1 March 2011AA Director's details changed24 June 2010CH01 Director's details changed24 June 2010CH01 Annual return made up with full list of shareholders24 June 2010AR01 Total exemption small company accounts made up2 March 2010AA Total exemption small company accounts made up2 April 2009AA Legacy2 February 2009363a Legacy21 January 2009288b Total exemption small company accounts made up2 April 2008AA Total exemption small company accounts made up19 January 2007AA Legacy5 September 2006363s Total exemption small company accounts made up14 March 2006AA Total exemption small company accounts made up5 April 2005AA Accounts for a small company made up31 March 2004AA Legacy16 September 2003122
Accounts for a small company made up7 February 2003AA Legacy23 December 2002395 Legacy8 November 2002288a Auditor's resignation29 October 2002AUD
Full accounts made up29 March 2002AA Full accounts made up15 September 2000AA Certificate of change of name13 December 1999CERTNM Legacy16 June 1999169
Full accounts made up26 May 1999AA Full accounts made up14 April 1998AA Full accounts made up4 May 1997AA Full accounts made up3 May 1996AA Accounts for a small company made up5 April 1995AA A selection of mortgage documents registered before 1 January 19951 January 1995PRE95M
A selection of documents registered before 1 January 19951 January 1995PRE95
Accounts for a small company made up15 August 1994AA Accounts for a small company made up23 April 1993AA Legacy27 November 1991288 Legacy27 November 1991288 Legacy27 November 1991288 Legacy11 November 1991395 Legacy2 October 1991224
Incorporation7 June 1991NEWINC 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 retail companies in creditors' voluntary liquidation
Related guides
The bigger picture
Frequently asked questions
- Is Proweld UK Limited in creditors' voluntary liquidation?
- Yes. Proweld UK Limited (company number 02618352) entered creditors' voluntary liquidation on 5 January 2026, by its creditors. Adam Buck of null was appointed as liquidator.
- Who is the liquidator of Proweld UK Limited?
- Adam Buck, a licensed insolvency practitioner at null, was appointed liquidator of Proweld UK Limited on 5 January 2026. Creditors can contact the liquidator directly to submit a claim.
- What does Proweld UK Limited do?
- Proweld UK Limited's registered nature of business is non-specialised wholesale trade (SIC 46900). It is classified in the retail sector.
- Where is Proweld UK Limited based?
- Proweld UK Limited's registered office is Castle Hill Insolvency, 1 Battle Road, Heathfield, Newton Abbot, Devon, TQ12 6RY. The registered office is the address held on the public register, which is not always the trading address.
- When was Proweld UK Limited founded?
- Proweld UK Limited was incorporated on 7 June 1991, 35 years before the liquidator was appointed.
- What is Proweld UK Limited's company number?
- Proweld UK Limited's registered company number is 02618352.
- Who has significant control of Proweld UK Limited?
- 1 active person with significant control over Proweld UK Limited is on the register: Mr Paul Antony Valente.
- Does Proweld UK Limited have any outstanding charges?
- an outstanding charge is registered against Proweld UK 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 Proweld UK 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 Proweld UK 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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