HomeCompanies in LiquidationSHB Properties Realisations Limited

Is SHB Properties Realisations Limited in creditors' voluntary liquidation?

Last verified 27 May 2026
In Creditors' Voluntary LiquidationYes, SHB Properties Realisations Limited (company number 02139762) entered creditors' voluntary liquidation on 23 March 2018, by its creditors. Benjamin John Wiles of null was appointed as liquidator.

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SHB Properties Realisations 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

  1. Administration
    25 April 2016
  2. Creditors' voluntary liquidation
    23 March 2018

Company at a glance

StatusIn Creditors' Voluntary Liquidation
Company number02139762
Previously known as
  • BHS Properties Limited, Apr 2001 to Sep 2016
  • Storehouse Properties Limited, Dec 1987 to Apr 2001
  • Legibus 1001 Limited, Jun 1987 to Dec 1987
Incorporated10 June 1987 (39 years old)
Registered officeThe Shard, 32 London Bridge Street, London, SE1 9SG
Nature of business (SIC)41100: Development of building projects (Construction)
Date entered creditors' voluntary liquidation23 March 2018
LiquidatorBenjamin John Wiles, null (licensed insolvency practitioner)
Public registerView filing history ↗

About the business

SHB Properties Realisations Limited is a construction business based in London, incorporated in 1987 and 31 years old when the liquidator was appointed. Its registered activity is development of building projects (SIC 41100). There have been 31 director appointments since incorporation, of which 1 was on the board when the liquidator was appointed. 35 charges have been registered against the company, 3 of which are still outstanding.

Directors

31 people have been appointed as directors of SHB Properties Realisations Limited.

DirectorStatusResigned
Dominic Joseph Andrew Chappell+ 4 othersActive
Lennart David Henningson+ 4 othersResigned8 Sep 2016
Emma Ann ReidResigned13 Jul 2016
Dominic Leonard Mark Chandler+ 4 othersResigned6 Jul 2016
Philip Nigel Ross Green+ 7 othersResigned11 Mar 2015
Christopher Bryan Harris+ 16 othersResigned11 Mar 2015
25 former directors · resigned 1992 to 2015
Richard Leeroy Burchill+ 26 othersResigned11 Mar 2015
Gillian Anne Hague+ 28 othersResigned11 Mar 2015
Sally Marion Wightman+ 22 othersResigned11 Mar 2015
Richard Dedombal+ 15 othersResigned11 Mar 2015
Stephen Boyce+ 21 othersResigned11 Mar 2015
Rebecca Rose FlahertyResigned11 Mar 2015
Anthony Gordon FarndonResigned17 Dec 2014
Mary Julia Margaret Geraghty+ 23 othersResigned19 Nov 2014
Gurpal PremiResigned3 Oct 2014
Aisha Leah Waldron+ 2 othersResigned28 Jun 2013
Mark Anthony Healey+ 16 othersResigned10 Feb 2012
Colin Peter Duckels+ 17 othersResigned25 Feb 2011
Paul Coackley+ 5 othersResigned30 Apr 2010
Ian Mark Allkins+ 8 othersResigned28 Aug 2009
Elinor Sarah Bell+ 4 othersResigned14 Jul 2009
Daphne Valerie Cash+ 11 othersResigned18 Sep 2006
Ian Mark Allkins+ 8 othersResigned4 Sep 2000
Nigel Alan Franks+ 3 othersResigned22 May 2000
Clive Edward Revett+ 3 othersResigned22 May 2000
Anita Diana Applebee+ 1 otherResigned22 May 2000
Rosalyn Margaret Ball+ 1 otherResigned22 May 2000
Anthony John Hatch+ 1 otherResigned22 May 2000
Steven William Bedford+ 1 otherResigned29 Sep 1999
Guy Antony Johnson+ 3 othersResigned22 Dec 1998
Peter Adams+ 1 otherResigned16 Nov 1992

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. 3 outstanding · 32 satisfied.

Status · Creditor · Type · Dates
OutstandingGrovepoint Credit Funding 2 Limited
A registered charge · Created 11 Sep 2015 · Pending
SatisfiedAllied Commercial Exporters Limited
A registered charge · Created 26 Jun 2015 · Satisfied 2 Oct 2015
OutstandingHsbc Bank PLC
A registered charge · Created 15 Apr 2015 · Pending
SatisfiedHsbc Bank PLC
A registered charge · Created 15 Apr 2015 · Satisfied 2 Jul 2015
OutstandingArcadia Group Limited (And It’S Successors in Title and Permitted Transferees)
A registered charge · Created 14 Apr 2015 · Pending
29 earlier charges · 1989 to 2015
SatisfiedAllied Commercial Exporters Limited
A registered charge · Created 11 Mar 2015 · Satisfied 1 Sep 2015
SatisfiedBarclays Bank PLC
Guarantee & debenture · Created 18 Jul 2009 · Satisfied 4 Feb 2013
SatisfiedBank of Scotland PLC (As Security Trustee for the Security Beneficiaries)
Legal charge · Created 18 Jul 2009 · Satisfied 4 Feb 2013
SatisfiedBank of Scotland PLC (As Security Trustee for the Security Beneficiaries)
Legal charge · Created 18 Jul 2009 · Satisfied 4 Feb 2013
SatisfiedBank of Scotland PLC (Formerly Known as the Governor and Company of the Bank of Scotland) (as Security Trustee for the Security Beneficiaries)
Supplemental deed of accession to a debenture dated 14 december 2004 · Created 18 Jul 2009 · Satisfied 4 Feb 2013
SatisfiedBank of Scotland PLC (As Security Trustee for the Security Beneficiaries)
Debenture · Created 18 Jul 2009 · Satisfied 4 Feb 2013
SatisfiedBarclays Bank PLC as Security Trustee in Accordance with the Security Trust Agreement for the Secured Parties
A debenture which was presented for registration in northern ireland on the 5 june 2000 and · Created 22 May 2000 · Satisfied 20 Oct 2005
SatisfiedBarclays Bank PLC
Debenture · Created 22 May 2000 · Satisfied 20 Oct 2005
SatisfiedCommercial Union Assurance Company LTD
Legal charge · Created 12 Apr 1990 · Satisfied 18 Mar 1994
SatisfiedCommercial Union Assurance Company PLC
Legal charge · Created 12 Apr 1990 · Satisfied 18 Mar 1994
SatisfiedCommercial Union Assurance Company PLC
Legal charge · Created 12 Apr 1990 · Satisfied 18 Mar 1994
SatisfiedCommercial Union Assurance Company PLC
Legal charge · Created 12 Apr 1990 · Satisfied 18 Mar 1994
SatisfiedCommercial Union Assurance Company PLC
Legal charge · Created 12 Apr 1990 · Satisfied 18 Mar 1994
SatisfiedCommercial Union Assurance Company PLC
Legal charge · Created 12 Apr 1990 · Satisfied 18 Mar 1994
SatisfiedCommercial Union Assurance Company PLC
Legal charge · Created 12 Apr 1990 · Satisfied 18 Mar 1994
SatisfiedCommercial Union Assurance Company PLC
Legal charge · Created 12 Apr 1990 · Satisfied 18 Mar 1994
SatisfiedCommercial Union Assurance Company PLC
Legal charge · Created 12 Apr 1990 · Satisfied 18 Mar 1994
SatisfiedCommercial Union Assurance Company PLC
Legal charge · Created 12 Apr 1990 · Satisfied 18 Mar 1994
SatisfiedCommercial Union Assurance Company Limited
Legal charge · Created 12 Apr 1990 · Satisfied 18 Mar 1994
SatisfiedCommercial Union Assurance Company PLC
Legal charge · Created 11 Jan 1990 · Satisfied 18 Mar 1994
SatisfiedCommercial Union Assurance Company PLC
Legal charge · Created 11 Jan 1990 · Satisfied 18 Mar 1994
SatisfiedCommercial Union Assurance PLC
Legal charge · Created 23 Oct 1989 · Satisfied 18 Mar 1994
SatisfiedCommercial Union Assurance PLC
Legal charge · Created 12 Sep 1989 · Satisfied 18 Mar 1994
SatisfiedCommercial Union Assurance PLC
Legal charge · Created 12 Sep 1989 · Satisfied 18 Mar 1994
SatisfiedCommercial Union Assurance PLC
Legal charge · Created 12 Sep 1989 · Satisfied 18 Mar 1994
SatisfiedCommercial Union Assurance PLC
Legal charge · Created 12 Sep 1989 · Satisfied 18 Mar 1994
SatisfiedCommercial Union Assurance PLC
Legal charge · Created 12 Sep 1989 · Satisfied 18 Mar 1994
SatisfiedCommercial Union Assurance Company PLC.
Supplemental trust deed. · Created 27 Jul 1989 · Satisfied 18 Mar 1994
SatisfiedCommercial Union Assurance Company PLC.
Legal charge · Created 18 Jul 1989 · Satisfied 18 Mar 1994
SatisfiedCommercial Union Assurance Company PLC.
Legal charge · Created 18 Jul 1989 · Satisfied 18 Mar 1994

What happened

EventDateType
Liquidators' statement of receipts and payments to 2026-03-222 June 2026LIQ03
Removal of liquidator by court order15 January 2026LIQ10
Appointment of a voluntary liquidator8 January 2026600
Liquidators' statement of receipts and payments26 April 2025LIQ03
Removal of liquidator by court order6 January 2025LIQ10
312 earlier events · 1988 to 2025
Appointment of a voluntary liquidator6 January 2025600
Liquidators' statement of receipts and payments21 April 2024LIQ03
Liquidators' statement of receipts and payments24 May 2023LIQ03
Liquidators' statement of receipts and payments18 May 2022LIQ03
Appointment of a voluntary liquidator31 July 2021600
Removal of liquidator by court order30 July 2021LIQ10
Liquidators' statement of receipts and payments18 May 2021LIQ03
Liquidators' statement of receipts and payments28 May 2020LIQ03
Liquidators' statement of receipts and payments6 June 2019LIQ03
Notice to Registrar of Companies of Notice of disclaimer20 September 2018NDISC
Notice to Registrar of Companies of Notice of disclaimer15 September 2018NDISC
Notice to Registrar of Companies of Notice of disclaimer15 September 2018NDISC
Notice to Registrar of Companies of Notice of disclaimer15 September 2018NDISC
Notice to Registrar of Companies of Notice of disclaimer15 September 2018NDISC
Notice to Registrar of Companies of Notice of disclaimer15 September 2018NDISC
Notice to Registrar of Companies of Notice of disclaimer12 September 2018NDISC
Notice to Registrar of Companies of Notice of disclaimer12 September 2018NDISC
Notice to Registrar of Companies of Notice of disclaimer12 September 2018NDISC
Appointment of a voluntary liquidator19 April 2018600
Notice of move from Administration case to Creditors Voluntary Liquidation23 March 2018AM22
Administrator's progress report3 December 2017AM10
All of the property or undertaking has been released from charge14 October 2017MR05
Administrator's progress report12 June 2017AM10
Notice of extension of period of Administration22 May 20172.31B
Administrator's progress report22 May 20172.24B
Notice of extension of period of Administration27 April 2017AM19
Notice of completion of voluntary arrangement17 February 20171.4
Administrator's progress report29 November 20162.24B
Change of name notice28 September 2016CONNOT
Termination of appointment as a director28 September 2016TM01
Resolutions28 September 2016RESOLUTIONS
Termination of appointment as a secretary19 September 2016TM02
Director's details changed21 August 2016CH01
Termination of appointment as a director18 July 2016TM01
Result of meeting of creditors8 July 20162.23B
Statement of administrator's proposal28 June 20162.17B
Registered office address changed9 May 2016AD01
Appointment of an administrator6 May 20162.12B
AdministrationStatus25 April 2016
Notice to Registrar of companies voluntary arrangement taking effect6 April 20161.1
Current accounting period extended25 January 2016AA01
Satisfaction of charge in full2 October 2015MR04
Registration of charge , created25 September 2015MR01
Satisfaction of charge in full1 September 2015MR04
Satisfaction of charge in full2 July 2015MR04
Registration of charge , created27 June 2015MR01
Full accounts made up3 June 2015AA
Secretary's details changed1 June 2015CH03
Annual return made up with full list of shareholders1 June 2015AR01
Appointment as a secretary22 May 2015AP03
Appointment as a director1 May 2015AP01
Director's details changed23 April 2015CH01
Registration of charge , created23 April 2015MR01
Director's details changed23 April 2015CH01
Registration of charge , created21 April 2015MR01
Registration of charge , created21 April 2015MR01
Registered office address changed15 April 2015AD01
Appointment as a director31 March 2015AP01
Registered office address changed31 March 2015AD01
Termination of appointment as a secretary31 March 2015TM02
Termination of appointment as a director31 March 2015TM01
Termination of appointment as a director31 March 2015TM01
Termination of appointment as a director31 March 2015TM01
Termination of appointment as a director31 March 2015TM01
Appointment as a director31 March 2015AP01
Termination of appointment as a director31 March 2015TM01
Termination of appointment as a director31 March 2015TM01
Termination of appointment as a director31 March 2015TM01
Resolutions24 March 2015RESOLUTIONS
Registration of charge , created13 March 2015MR01
Termination of appointment as a secretary17 December 2014TM02
Appointment as a secretary17 December 2014AP03
Termination of appointment as a director24 November 2014TM01
Director's details changed19 November 2014CH01
Termination of appointment as a secretary22 October 2014TM02
Appointment as a secretary22 October 2014AP03
Annual return made up with full list of shareholders26 June 2014AR01
Full accounts made up4 June 2014AA
Appointment as a secretary9 August 2013AP03
Termination of appointment as a secretary9 August 2013TM02
Annual return made up with full list of shareholders17 June 2013AR01
Full accounts made up28 May 2013AA
Appointment as a director2 May 2013AP01
Legacy6 February 2013MG02
Legacy6 February 2013MG02
Legacy6 February 2013MG02
Legacy6 February 2013MG02
Legacy6 February 2013MG02
Annual return made up with full list of shareholders12 June 2012AR01
Full accounts made up30 May 2012AA
Appointment as a director3 May 2012AP01
Termination of appointment as a director5 March 2012TM01
Annual return made up with full list of shareholders9 June 2011AR01
Full accounts made up6 June 2011AA
Termination of appointment as a director2 March 2011TM01
Appointment as a director2 March 2011AP01
Director's details changed26 January 2011CH01
Director's details changed12 January 2011CH01
Director's details changed12 January 2011CH01
Director's details changed12 January 2011CH01
Director's details changed7 January 2011CH01
Director's details changed7 January 2011CH01
Director's details changed13 September 2010CH01
Annual return made up with full list of shareholders3 September 2010AR01
Full accounts made up20 May 2010AA
Termination of appointment as a director4 May 2010TM01
Legacy10 January 2010MG04
Legacy19 December 2009MG04
Legacy19 December 2009MG04
Appointment as a director9 December 2009AP01
Appointment as a director9 December 2009AP01
Appointment as a director8 December 2009AP01
Appointment as a director8 December 2009AP01
Legacy29 September 2009288a
Legacy23 September 2009288a
Legacy14 September 2009288b
Legacy18 August 2009363a
Legacy13 August 2009287
Legacy7 August 2009395
Legacy29 July 2009395
Legacy29 July 2009395
Legacy23 July 2009395
Legacy23 July 2009395
Legacy14 July 2009288b
Legacy14 July 2009288a
Auditor's resignation17 June 2009AUD
Auditor's resignation17 June 2009AUD
Legacy16 June 2009225
Auditor's resignation27 May 2009AUD
Full accounts made up19 January 2009AA
Resolutions14 October 2008RESOLUTIONS
Legacy12 August 2008363a
Full accounts made up10 January 2008AA
Legacy9 August 2007363a
Full accounts made up10 February 2007AA
Legacy18 September 2006288b
Legacy18 September 2006288a
Legacy25 July 2006363a
Legacy23 June 2006288c
Legacy20 October 2005403a
Legacy20 October 2005403a
Full accounts made up19 October 2005AA
Legacy18 August 2005363s
Full accounts made up18 October 2004AA
Legacy2 August 2004363s
Full accounts made up11 November 2003AA
Resolutions10 November 2003RESOLUTIONS
Resolutions10 November 2003RESOLUTIONS
Legacy10 November 2003155(6)a
Legacy16 August 2003363s
Legacy1 March 2003288c
Legacy1 August 2002363s
Full accounts made up28 June 2002AA
Miscellaneous20 June 2002MISC
Auditor's resignation20 June 2002AUD
Legacy12 March 2002288c
Full accounts made up23 January 2002AA
Legacy21 November 2001403b
Legacy8 August 2001363s
Legacy9 May 2001288b
Certificate of change of name2 April 2001CERTNM
Full accounts made up30 January 2001AA
Legacy7 September 2000288a
Legacy7 September 2000288b
Legacy8 August 2000363s
Legacy10 July 2000288b
Legacy10 July 2000288b
Legacy10 July 2000288b
Legacy10 July 2000288b
Legacy10 July 2000288b
Legacy10 July 2000288a
Resolutions7 June 2000RESOLUTIONS
Legacy7 June 2000155(6)a
Legacy7 June 2000288a
Legacy7 June 2000288a
Legacy7 June 2000288a
Resolutions7 June 2000RESOLUTIONS
Legacy6 June 2000395
Legacy26 May 2000395
Full accounts made up1 November 1999AA
Legacy4 October 1999288b
Legacy12 August 1999363s
Legacy11 February 1999288a
Legacy7 January 1999288b
Full accounts made up22 October 1998AA
Legacy21 August 1998363s
Full accounts made up1 September 1997AA
Legacy14 August 1997363s
Full accounts made up24 September 1996AA
Legacy23 August 1996363s
Legacy14 August 1995363s
Full accounts made up7 August 1995AA
A selection of documents registered before 1 January 19951 January 1995PRE95
A selection of mortgage documents registered before 1 January 19951 January 1995PRE95M
Full accounts made up9 September 1994AA
Legacy23 August 1994363s
Legacy15 April 1994288
Legacy30 March 1994288
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy18 March 1994403a
Legacy16 September 1993363s
Legacy2 September 1993288
Full accounts made up3 August 1993AA
Legacy17 June 1993288
Legacy10 September 1992363b
Full accounts made up24 August 1992AA
Legacy24 August 1992287
Legacy22 June 1992288
Full accounts made up17 September 1991AA
Legacy27 August 1991363b
Legacy27 August 1991288
Legacy28 June 1991288
Legacy28 June 1991288
Legacy17 June 1991288
Resolutions27 November 1990RESOLUTIONS
Resolutions27 November 1990RESOLUTIONS
Resolutions27 November 1990RESOLUTIONS
Full accounts made up3 October 1990AA
Legacy4 September 1990363
Legacy26 June 1990288
Legacy17 April 1990395
Legacy17 April 1990395
Legacy17 April 1990395
Legacy17 April 1990395
Legacy17 April 1990395
Legacy17 April 1990395
Legacy17 April 1990395
Legacy17 April 1990395
Legacy17 April 1990395
Legacy17 April 1990395
Legacy17 April 1990395
Legacy6 April 1990288
Legacy3 February 1990403b
Legacy25 January 1990395
Legacy25 January 1990395
Legacy17 January 1990288
Legacy10 January 1990363
Legacy25 October 1989395
Legacy5 October 1989288
Full accounts made up26 September 1989AA
Legacy14 September 1989395
Legacy14 September 1989395
Legacy14 September 1989395
Legacy14 September 1989395
Legacy14 September 1989395
Legacy14 August 1989395
Legacy4 August 1989288
Legacy21 July 1989395
Legacy21 July 1989395
Legacy20 March 1989288
Legacy2 February 1989288
Legacy16 January 1989288
Legacy21 December 1988363
Full accounts made up14 December 1988AA
Legacy27 October 1988288
Legacy27 October 1988288
Resolutions5 September 1988RESOLUTIONS
Legacy5 September 1988PUC 2
Legacy5 September 1988123
Resolutions5 September 1988RESOLUTIONS
Legacy9 May 1988288
Legacy28 April 1988288
Memorandum and Articles of Association11 February 1988MEM/ARTS
Legacy2 February 1988123
Resolutions2 February 1988RESOLUTIONS
Resolutions2 February 1988RESOLUTIONS
Resolutions2 February 1988RESOLUTIONS
Resolutions2 February 1988RESOLUTIONS
Legacy2 February 1988PUC 2
Legacy20 January 1988288
Legacy20 January 1988288
Legacy20 January 1988288
Legacy20 January 1988288
Legacy20 January 1988288
Legacy20 January 1988288
Legacy20 January 1988288
Legacy12 January 1988287
Certificate of change of name4 January 1988CERTNM
Certificate of change of name4 January 1988CERTNM
Incorporation10 June 1987NEWINC

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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The bigger picture

The state of UK insolvency

Frequently asked questions

Is SHB Properties Realisations Limited in creditors' voluntary liquidation?
Yes. SHB Properties Realisations Limited (company number 02139762) entered creditors' voluntary liquidation on 23 March 2018, by its creditors. Benjamin John Wiles of null was appointed as liquidator.
Who is the liquidator of SHB Properties Realisations Limited?
Benjamin John Wiles, a licensed insolvency practitioner at null, was appointed liquidator of SHB Properties Realisations Limited on 23 March 2018. Creditors can contact the liquidator directly to submit a claim.
What does SHB Properties Realisations Limited do?
SHB Properties Realisations Limited's registered nature of business is development of building projects (SIC 41100). It is classified in the construction sector.
Where is SHB Properties Realisations Limited based?
SHB Properties Realisations Limited's registered office is The Shard, 32 London Bridge Street, London, SE1 9SG. The registered office is the address held on the public register, which is not always the trading address.
When was SHB Properties Realisations Limited founded?
SHB Properties Realisations Limited was incorporated on 10 June 1987, 31 years before the liquidator was appointed.
What is SHB Properties Realisations Limited's company number?
SHB Properties Realisations Limited's registered company number is 02139762.
Does SHB Properties Realisations Limited have any outstanding charges?
3 outstanding charges are registered against SHB Properties Realisations Limited out of 35 on file. Outstanding charges represent secured creditors who rank ahead of unsecured creditors in any recovery.
What does liquidation mean for creditors of SHB Properties Realisations 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 SHB Properties Realisations 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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