Is PSL Margate Limited in creditors' voluntary liquidation?
Last verified 27 May 2026
Yes, PSL Margate Limited (company number 00278882) entered creditors' voluntary liquidation on 27 February 2006, by its creditors. Simon James Michaels of null was appointed as liquidator.
Do you deal with companies like PSL Margate 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 →
PSL Margate 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.
How the case progressed
Administration
13 April 2005
Creditors' voluntary liquidation
27 February 2006
Company at a glance
| Status | In Creditors' Voluntary Liquidation |
|---|
| Company number | 00278882 |
|---|
| Previously known as | - Pearce Signs Limited, Aug 1933 to Jun 2005
|
|---|
| Incorporated | 18 August 1933 (93 years old) |
|---|
| Registered office | 8 Baker Street, London, W1U 3LL |
|---|
| Date entered creditors' voluntary liquidation | 27 February 2006 |
|---|
| Liquidator | Simon James Michaels, null (licensed insolvency practitioner) |
|---|
| Statement of Affairs | Filed 16 January 2006, declared assets & liabilities ↗ |
|---|
| Public register | View filing history ↗ |
|---|
About the business
PSL Margate Limited is a UK limited company, incorporated in 1933 and 73 years old when the liquidator was appointed. There have been 15 director appointments since incorporation, of which 3 were on the board when the liquidator was appointed. 8 charges have been registered against the company, 2 of which are still outstanding.
Directors
15 people have been appointed as directors of PSL Margate Limited.
DirectorStatusAppointedResigned
+9 former directors · resigned 1992 to 2004
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 · 6 satisfied.
Status · Creditor · Type · Dates
OutstandingGmac Commercial Finance PLC
Debenture · Created 1 Mar 2005 · Pending
OutstandingHsbc Bank PLC
Debenture · Created 24 Aug 2004 · Pending
SatisfiedThe Royal Bank of Scotland Commercial Services Limited
Fixed and floating charge · Created 27 May 2003 · Satisfied 31 Jan 2005
SatisfiedNational Westminster Bank PLC
Confirmatory charge (supplemental to a mortgage debenture dated 2 february 1994) · Created 18 May 1995 · Satisfied 28 Feb 2005
SatisfiedNational Westminster Bank PLC
Mortgage debenture · Created 2 Feb 1994 · Satisfied 28 Feb 2005
+2 earlier charges · 1970 to 1981
SatisfiedMidland Bank PLC
Legal charge · Created 2 Dec 1981 · Satisfied 12 Aug 1994
SatisfiedNational Westminster Bank PLC
Mortgage · Created 29 May 1970 · Satisfied 12 Aug 1994
SatisfiedMidland Bank PLC
Mortgage · Created 28 Nov 1967 · Satisfied 28 Feb 2005
What happened
EventDateType
Termination of appointment of Andrew Galloway Ferguson as a director on 2008-05-1931 July 2018TM01 Restoration by order of the court26 November 2013AC92
Final Gazette dissolved via compulsory strike-off13 May 2008GAZ2 Return of final meeting in a creditors' voluntary winding up19 February 20084.72
Liquidators' statement of receipts and payments19 February 20084.68
+117 earlier events · 1951 to 2007
Liquidators' statement of receipts and payments20 September 20074.68
Liquidators' statement of receipts and payments21 March 20074.68
Notice of move from Administration case to Creditors Voluntary Liquidation27 February 20062.34B
Statement of affairs16 January 20062.16B
Administrator's progress report29 December 20052.24B
Certificate of change of name20 June 2005CERTNM Amended certificate of constitution of creditors' committee16 June 20052.26B
Result of meeting of creditors3 June 20052.23B
Result of meeting of creditors3 June 20052.23B
Statement of administrator's proposal2 June 20052.17B
Appointment of an administrator25 April 20052.12B
AdministrationStatus13 April 2005
Legacy28 February 2005403a Legacy28 February 2005403a Legacy28 February 2005403a Legacy8 February 2005288b Legacy31 January 2005403a Legacy20 October 2004288b Legacy20 October 2004288a Legacy3 August 2004244
Legacy20 September 2003288b Full accounts made up to 2002-12-3121 May 2003AA Full accounts made up to 2001-12-3114 May 2002AA Full accounts made up to 2000-12-311 February 2002AA Legacy18 June 2001244
Legacy13 December 2000123 Full accounts made up to 1999-12-314 July 2000AA Legacy21 January 2000288b Full accounts made up to 1998-12-312 July 1999AA Full accounts made up to 1997-12-312 July 1998AA Full accounts made up to 1996-12-318 July 1997AA Legacy20 September 1996287 Full group accounts made up to 1995-12-311 July 1996AA Legacy22 December 1995288 Full group accounts made up to 1994-12-315 July 1995AA A selection of mortgage documents registered before 1 January 19951 January 1995PRE95M
A selection of documents registered before 1 January 19951 January 1995PRE95
Full group accounts made up to 1993-12-317 July 1994AA Legacy14 February 1994395 Full group accounts made up to 1992-12-316 July 1993AA Full accounts made up to 1991-12-313 August 1992AA Full accounts made up to 1990-12-3126 July 1991AA Full accounts made up to 1989-12-319 August 1990AA Full accounts made up to 1988-12-3127 June 1989AA Full accounts made up to 1987-12-3119 December 1988AA Legacy24 September 1987363 Full accounts made up to 1986-12-3124 September 1987AA A selection of documents registered before 1 January 19871 January 1987PRE87
Legacy22 December 1986288 Full accounts made up to 1985-12-3113 October 1986AA Accounts made up to 1975-12-319 November 1977AA Accounts made up to 1975-12-319 February 1977AA Miscellaneous28 March 1951MISC
Incorporation18 August 1933NEWINC 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 →Related guides
The bigger picture
Frequently asked questions
- Is PSL Margate Limited in creditors' voluntary liquidation?
- Yes. PSL Margate Limited (company number 00278882) entered creditors' voluntary liquidation on 27 February 2006, by its creditors. Simon James Michaels of null was appointed as liquidator.
- Who is the liquidator of PSL Margate Limited?
- Simon James Michaels, a licensed insolvency practitioner at null, was appointed liquidator of PSL Margate Limited on 27 February 2006. Creditors can contact the liquidator directly to submit a claim.
- Where is PSL Margate Limited based?
- PSL Margate Limited's registered office is 8 Baker Street, London, W1U 3LL. The registered office is the address held on the public register, which is not always the trading address.
- When was PSL Margate Limited founded?
- PSL Margate Limited was incorporated on 18 August 1933, 73 years before the liquidator was appointed.
- What is PSL Margate Limited's company number?
- PSL Margate Limited's registered company number is 00278882.
- Does PSL Margate Limited have any outstanding charges?
- 2 outstanding charges are registered against PSL Margate Limited out of 8 on file. Outstanding charges represent secured creditors who rank ahead of unsecured creditors in any recovery.
- What does liquidation mean for creditors of PSL Margate 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 PSL Margate 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.