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Video Magic Leisure Group PLC Is Video Magic Leisure Group PLC in compulsory liquidation?
Last verified 27 May 2026
Yes, Video Magic Leisure Group PLC (company number 02231751) entered compulsory liquidation on 1 October 1998, by order of the court.
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Video Magic Leisure Group PLC 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.
How the case progressed
Administration
30 August 1991
Compulsory liquidation
1 October 1998
Company at a glance
| Status | In Compulsory Liquidation |
|---|
| Company number | 02231751 |
|---|
| Previously known as | - Longsite Group PLC, Jun 1988 to Jun 1989
- Priorasset Public Limited Company, Mar 1988 to Jun 1988
|
|---|
| Incorporated | 17 March 1988 (38 years old) |
|---|
| Registered office | Magicera House, Aspley Lane, Nottingham, NG8 5RN |
|---|
| Date entered compulsory liquidation | 1 October 1998 |
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| Public register | View filing history ↗ |
|---|
About the business
Video Magic Leisure Group PLC is a UK limited company based in Nottingham, incorporated in 1988 and 10 years old when the liquidator was appointed. There have been 4 director appointments since incorporation, of which 1 was on the board when the liquidator was appointed. 6 charges have been registered against the company, 5 of which are still outstanding.
Directors
4 people have been appointed as directors of Video Magic Leisure Group PLC.
DirectorStatusAppointedResigned
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. 5 outstanding · 1 satisfied.
Status · Creditor · Type · Dates
OutstandingRiggs a P Bank Limited
Assignment of benefit of agreement and charge over account · Created 1 Oct 1990 · Pending
OutstandingRiggs a P Bank Limited
Debenture · Created 1 Oct 1990 · Pending
OutstandingRigg a P Bank Limited
Debenture · Created 13 Aug 1990 · Pending
SatisfiedJ. H. Dewhurst Limited
Debenture · Created 13 Aug 1990 · Satisfied 13 Dec 1990
OutstandingClayform Property Investments Limited
Rent deposit agreement · Created 29 Dec 1989 · Pending
OutstandingLloyds Bank PLC
Single debenture · Created 10 Sep 1988 · Pending
What happened
EventDateType
Order of court to wind up8 October 1998COCOMP
Compulsory liquidationStatus1 October 1998
Administrator's abstract of receipts and payments24 September 19982.15
Administrator's abstract of receipts and payments28 April 19982.15
Administrator's abstract of receipts and payments28 April 19982.15
+89 earlier events · 1988 to 1998
Administrator's abstract of receipts and payments28 April 19982.15
Administrator's abstract of receipts and payments28 April 19982.15
Administrator's abstract of receipts and payments28 April 19982.15
Administrator's abstract of receipts and payments28 April 19982.15
Administrator's abstract of receipts and payments28 April 19982.15
Administrator's abstract of receipts and payments28 April 19982.15
Administrator's abstract of receipts and payments28 April 19982.15
Administrator's abstract of receipts and payments28 April 19982.15
Administrator's abstract of receipts and payments28 April 19982.15
Administrator's abstract of receipts and payments28 April 19982.15
Administrator's abstract of receipts and payments28 April 19982.15
A selection of mortgage documents registered before 1 January 19951 January 1995PRE95M
Administrator's abstract of receipts and payments17 February 19932.15
Legacy18 May 1992SPEC PEN
Legacy17 September 1991288 Notice of Administration Order13 September 19912.6
Administration Order13 September 19912.7
AdministrationStatus30 August 1991
Full group accounts made up20 August 1991AA Legacy13 December 1990403a Legacy12 April 199088(2)O
Certificate of reduction of share premium10 April 1990CERT19
Court order10 April 1990OC
Legacy4 April 199088(2)P
Legacy2 March 1990PROSP
Legacy26 February 1990123 Memorandum and Articles of Association26 February 1990MEM/ARTS
Legacy13 February 1990288 Legacy17 October 1989190a
Legacy17 October 1989353
Full group accounts made up26 September 1989AA Legacy26 September 1989363 Legacy22 August 1989PROSP
Legacy31 July 1989122
Memorandum and Articles of Association21 July 1989MEM/ARTS
Certificate of change of name27 June 1989CERTNM Legacy26 October 198888(3) Legacy20 September 1988395 Legacy1 August 1988PUC 3
Memorandum and Articles of Association29 June 1988MEM/ARTS
Legacy21 June 1988224
Certificate of authorisation to commence business and borrow17 June 1988CERT8
Application to commence business14 June 1988117
Certificate of change of name7 June 1988CERTNM Incorporation17 March 1988NEWINC 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 companies in compulsory liquidation
Related guides
The bigger picture
Frequently asked questions
- Is Video Magic Leisure Group PLC in compulsory liquidation?
- Yes. Video Magic Leisure Group PLC (company number 02231751) entered compulsory liquidation on 1 October 1998, by order of the court.
- Where is Video Magic Leisure Group PLC based?
- Video Magic Leisure Group PLC's registered office is Magicera House, Aspley Lane, Nottingham, NG8 5RN. The registered office is the address held on the public register, which is not always the trading address.
- When was Video Magic Leisure Group PLC founded?
- Video Magic Leisure Group PLC was incorporated on 17 March 1988, 10 years before the liquidator was appointed.
- What is Video Magic Leisure Group PLC's company number?
- Video Magic Leisure Group PLC's registered company number is 02231751.
- Does Video Magic Leisure Group PLC have any outstanding charges?
- 5 outstanding charges are registered against Video Magic Leisure Group PLC out of 6 on file. Outstanding charges represent secured creditors who rank ahead of unsecured creditors in any recovery.
- What does liquidation mean for creditors of Video Magic Leisure Group PLC?
- 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 Video Magic Leisure Group PLC'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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