Is Time OUT Space Ltd in creditors' voluntary liquidation?
Last verified 27 May 2026
Yes, Time OUT Space Ltd (company number 11698958) entered creditors' voluntary liquidation on 20 August 2025, by its creditors. Christopher David Horner of null was appointed as liquidator.
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Time OUT Space 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 | 11698958 |
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| Previously known as | - Kopsht Ltd, Nov 2018 to Mar 2021
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| Incorporated | 27 November 2018 (8 years old) |
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| Registered office | C/O Business Rescue Expert, 47-49 Duke Street, Darlington, County Durham, DL3 7SD |
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| Nature of business (SIC) | 47599: Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store (Retail) |
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| Date entered creditors' voluntary liquidation | 20 August 2025 |
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| Liquidator | Christopher David Horner, null (licensed insolvency practitioner) |
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| Public register | View filing history ↗ |
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About the business
Time OUT Space Ltd is a retail business based in Darlington, incorporated in 2018 and 7 years old when the liquidator was appointed. Its registered activity is retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store (SIC 47599). There have been 4 director appointments since incorporation, of which 1 was on the board when the liquidator was appointed, alongside 1 person with significant control.
Directors
4 people have been appointed as directors of Time OUT Space 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.
Mrs Kristina Budrikaite-Karnijevskij
individual person with significant control · Lithuanian · United Kingdom
Ownership of shares 25-50%Voting rights 25-50%Right to appoint and remove directors
3 ceased controls
- Mr Antanas Karnijevskij · ceased 20 Feb 2023
- Mr Antanas Karnijevskij · ceased 17 Oct 2023
- Mr Antanas Karnijevskij · ceased 19 Nov 2024
What happened
EventDateType
Registered office address changed8 September 2025AD01 Statement of affairs8 September 2025LIQ02
Appointment of a voluntary liquidator8 September 2025600
Creditors' voluntary liquidationStatus20 August 2025
+32 earlier events · 2019 to 2025
Confirmation statement made with no updates7 May 2025CS01 Cessation as a person with significant control19 November 2024PSC07 Termination of appointment as a director19 November 2024TM01 Micro company accounts made up2 August 2024AA Confirmation statement made with updates7 May 2024CS01 Change of details as a person with significant control23 February 2024PSC04 Confirmation statement made with no updates22 February 2024CS01 Cessation as a person with significant control30 October 2023PSC07 Notification as a person with significant control30 October 2023PSC01 Termination of appointment as a director30 October 2023TM01 Appointment as a director30 October 2023AP01 Appointment as a director16 October 2023AP01 Change of details as a person with significant control19 September 2023PSC04 Micro company accounts made up29 August 2023AA Change of details as a person with significant control21 February 2023PSC04 Notification as a person with significant control20 February 2023PSC01 Change of details as a person with significant control20 February 2023PSC04 Termination of appointment as a director20 February 2023TM01 Confirmation statement made with updates20 February 2023CS01 Appointment as a director20 February 2023AP01 Cessation as a person with significant control20 February 2023PSC07 Confirmation statement made with updates25 October 2022CS01 Registered office address changed23 September 2022AD01 Micro company accounts made up29 July 2022AA Change of details as a person with significant control7 July 2022PSC04 Confirmation statement made with no updates3 December 2021CS01 Micro company accounts made up13 August 2021AA Change of name notice25 March 2021CONNOT
Confirmation statement made with no updates18 February 2021CS01 Total exemption full accounts made up25 August 2020AA Confirmation statement made with no updates2 December 2019CS01 Incorporation27 November 2018NEWINC 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 Time OUT Space Ltd in creditors' voluntary liquidation?
- Yes. Time OUT Space Ltd (company number 11698958) entered creditors' voluntary liquidation on 20 August 2025, by its creditors. Christopher David Horner of null was appointed as liquidator.
- Who is the liquidator of Time OUT Space Ltd?
- Christopher David Horner, a licensed insolvency practitioner at null, was appointed liquidator of Time OUT Space Ltd on 20 August 2025. Creditors can contact the liquidator directly to submit a claim.
- What does Time OUT Space Ltd do?
- Time OUT Space Ltd's registered nature of business is retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store (SIC 47599). It is classified in the retail sector.
- Where is Time OUT Space Ltd based?
- Time OUT Space Ltd's registered office is C/O Business Rescue Expert, 47-49 Duke Street, Darlington, County Durham, DL3 7SD. The registered office is the address held on the public register, which is not always the trading address.
- When was Time OUT Space Ltd founded?
- Time OUT Space Ltd was incorporated on 27 November 2018, 7 years before the liquidator was appointed.
- What is Time OUT Space Ltd's company number?
- Time OUT Space Ltd's registered company number is 11698958.
- Who has significant control of Time OUT Space Ltd?
- 1 active person with significant control over Time OUT Space Ltd is on the register: Mrs Kristina Budrikaite-Karnijevskij.
- What does liquidation mean for creditors of Time OUT Space 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 Time OUT Space 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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