Is Source Lifestyle Ltd. in creditors' voluntary liquidation?
Last verified 27 May 2026
Yes, Source Lifestyle Ltd. (company number 05506871) entered creditors' voluntary liquidation on 7 February 2025, by its creditors. Stewart Bennett of null was appointed as liquidator.
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Source Lifestyle Ltd. 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 | 05506871 |
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| Incorporated | 13 July 2005 (21 years old) |
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| Registered office | Office 8, North Wing Warlies Gardens, Horseshoe Hill, Waltham Abbey, Essex, EN9 3SL |
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| Nature of business (SIC) | 47190: Other retail sale in non-specialised stores (Retail) |
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| Date entered creditors' voluntary liquidation | 7 February 2025 |
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| Liquidator | Stewart Bennett, null (licensed insolvency practitioner) |
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| Public register | View filing history ↗ |
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About the business
Source Lifestyle Ltd. is a retail business based in Waltham Abbey, incorporated in 2005 and 20 years old when the liquidator was appointed. Its registered activity is other retail sale in non-specialised stores (SIC 47190). There have been 4 director appointments since incorporation, of which 2 were on the board when the liquidator was appointed, alongside 1 person with significant control. 1 charge has been registered against the company, all of which are recorded as satisfied.
Directors
4 people have been appointed as directors of Source Lifestyle Ltd..
DirectorStatusAppointedResigned
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.
Miss Sonya Clayton
individual person with significant control · British · England
Ownership of shares 75-100%Voting rights 75-100%Right to appoint and remove directorsSignificant influence or control
Charges register
Secured creditors and encumbrances against the company. 0 outstanding · 1 satisfied.
Status · Creditor · Type · Dates
SatisfiedHsbc Bank PLC
Debenture · Created 28 Oct 2005 · Satisfied 4 Nov 2024
What happened
EventDateType
Final Gazette dissolved following liquidation25 June 2026GAZ2 Return of final meeting in a creditors' voluntary winding up25 March 2026LIQ14
Registered office address changed15 April 2025AD01 Statement of affairs18 March 2025LIQ02
Appointment of a voluntary liquidator12 February 2025600
+50 earlier events · 2005 to 2025
Creditors' voluntary liquidationStatus7 February 2025
Satisfaction of charge in full4 November 2024MR04 Confirmation statement made with no updates16 October 2024CS01 Micro company accounts made up29 December 2023AA Confirmation statement made with no updates13 October 2023CS01 Micro company accounts made up20 January 2023AA Confirmation statement made with no updates13 October 2022CS01 Micro company accounts made up3 January 2022AA Confirmation statement made with no updates8 October 2021CS01 Unaudited abridged accounts made up29 March 2021AA Confirmation statement made with updates2 October 2020CS01 Confirmation statement made with no updates22 July 2020CS01 Micro company accounts made up30 December 2019AA Confirmation statement made with no updates23 July 2019CS01 Micro company accounts made up28 December 2018AA Confirmation statement made with no updates23 July 2018CS01 Micro company accounts made up28 December 2017AA Director's details changed24 July 2017CH01 Confirmation statement made with no updates19 July 2017CS01 Total exemption small company accounts made up28 December 2016AA Confirmation statement made with updates21 July 2016CS01 Total exemption small company accounts made up30 December 2015AA Annual return made up with full list of shareholders9 August 2015AR01 Total exemption small company accounts made up10 December 2014AA Annual return made up with full list of shareholders11 August 2014AR01 Total exemption small company accounts made up18 December 2013AA Annual return made up with full list of shareholders18 July 2013AR01 Total exemption small company accounts made up28 December 2012AA Annual return made up with full list of shareholders10 August 2012AR01 Total exemption small company accounts made up27 December 2011AA Annual return made up with full list of shareholders9 August 2011AR01 Termination of appointment as a director9 August 2011TM01 Total exemption small company accounts made up9 December 2010AA Annual return made up with full list of shareholders26 August 2010AR01 Director's details changed26 August 2010CH01 Director's details changed26 August 2010CH01 Secretary's details changed26 August 2010CH03 Total exemption small company accounts made up4 January 2010AA Total exemption small company accounts made up14 October 2008AA Legacy8 September 2008363a Total exemption small company accounts made up29 January 2008AA Total exemption full accounts made up8 March 2007AA Incorporation13 July 2005NEWINC 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 retail companies in creditors' voluntary liquidation
Related guides
The bigger picture
Frequently asked questions
- Is Source Lifestyle Ltd. in creditors' voluntary liquidation?
- Yes. Source Lifestyle Ltd. (company number 05506871) entered creditors' voluntary liquidation on 7 February 2025, by its creditors. Stewart Bennett of null was appointed as liquidator.
- Who is the liquidator of Source Lifestyle Ltd.?
- Stewart Bennett, a licensed insolvency practitioner at null, was appointed liquidator of Source Lifestyle Ltd. on 7 February 2025. Creditors can contact the liquidator directly to submit a claim.
- What does Source Lifestyle Ltd. do?
- Source Lifestyle Ltd.'s registered nature of business is other retail sale in non-specialised stores (SIC 47190). It is classified in the retail sector.
- Where is Source Lifestyle Ltd. based?
- Source Lifestyle Ltd.'s registered office is Office 8, North Wing Warlies Gardens, Horseshoe Hill, Waltham Abbey, Essex, EN9 3SL. The registered office is the address held on the public register, which is not always the trading address.
- When was Source Lifestyle Ltd. founded?
- Source Lifestyle Ltd. was incorporated on 13 July 2005, 20 years before the liquidator was appointed.
- What is Source Lifestyle Ltd.'s company number?
- Source Lifestyle Ltd.'s registered company number is 05506871.
- Who has significant control of Source Lifestyle Ltd.?
- 1 active person with significant control over Source Lifestyle Ltd. is on the register: Miss Sonya Clayton.
- What does liquidation mean for creditors of Source Lifestyle Ltd.?
- 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 Source Lifestyle Ltd.'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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