HomeCompanies in LiquidationS.A.S. (Business Equipment) Limited

Is S.A.S. (Business Equipment) Limited in compulsory liquidation?

Last verified 26 May 2026
In Compulsory LiquidationYes, S.A.S. (Business Equipment) Limited (company number 02038446) entered compulsory liquidation on 6 July 1992, by order of the court.

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S.A.S. (Business Equipment) 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

StatusIn Compulsory Liquidation
Company number02038446
Previously known as
  • Rearthrift Limited, Jul 1986 to Oct 1986
Incorporated18 July 1986 (40 years old)
Registered office195 Banbury Road, Summertown, Oxford, OX2 7AR
Date entered compulsory liquidation6 July 1992
Public registerView filing history ↗

About the business

S.A.S. (Business Equipment) Limited is a UK limited company based in Oxford, incorporated in 1986 and 6 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 S.A.S. (Business Equipment) Limited.

DirectorStatusResigned

Charges register

Secured creditors and encumbrances against the company. 1 outstanding · 0 satisfied.

Status · Creditor · Type · Dates
OutstandingNational Westminster Bank PLC
Mortgage debenture · Created 23 Sep 1991 · Pending

What happened

EventDateType
A selection of mortgage documents registered before 1 January 19951 January 1995PRE95M
Order of court to wind up12 August 1992COCOMP
Notice of order of court to wind up13 July 19924.13
Compulsory liquidationStatus6 July 1992
Legacy27 May 1992SPEC PEN
25 earlier events · 1986 to 1992
Statement of affairs27 April 19924.20
Resolutions27 April 1992RESOLUTIONS
Appointment of a voluntary liquidator27 April 1992600
Legacy27 April 1992287
Legacy14 October 1991395
Accounts for a small company made up16 September 1991AA
Legacy21 December 1990287
Legacy8 October 1990288
Legacy9 August 1990363
Accounts for a small company made up9 August 1990AA
Legacy23 January 1990363
Accounts for a small company made up15 August 1989AA
Accounts for a dormant company made up15 August 1989AA
Resolutions17 July 1989RESOLUTIONS
Legacy17 July 1989288
Legacy25 April 1989GEN117
Legacy25 April 1989225(1)
Legacy6 December 1988363
Legacy6 December 1988363
A selection of documents registered before 1 January 19871 January 1987PRE87
Legacy2 December 1986224
Legacy22 October 1986288
Legacy22 October 1986287
Legacy16 October 1986GAZ(U)
Certificate of change of name6 October 1986CERTNM
Certificate of Incorporation18 July 1986CERTINC

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

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Other companies in compulsory liquidation

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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 S.A.S. (Business Equipment) Limited in compulsory liquidation?
Yes. S.A.S. (Business Equipment) Limited (company number 02038446) entered compulsory liquidation on 6 July 1992, by order of the court.
Where is S.A.S. (Business Equipment) Limited based?
S.A.S. (Business Equipment) Limited's registered office is 195 Banbury Road, Summertown, Oxford, OX2 7AR. The registered office is the address held on the public register, which is not always the trading address.
When was S.A.S. (Business Equipment) Limited founded?
S.A.S. (Business Equipment) Limited was incorporated on 18 July 1986, 6 years before the liquidator was appointed.
What is S.A.S. (Business Equipment) Limited's company number?
S.A.S. (Business Equipment) Limited's registered company number is 02038446.
Does S.A.S. (Business Equipment) Limited have any outstanding charges?
an outstanding charge is registered against S.A.S. (Business Equipment) 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 S.A.S. (Business Equipment) 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 S.A.S. (Business Equipment) 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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