Is Ylem Limited in creditors' voluntary liquidation?
Last verified 27 May 2026
Yes, Ylem Limited (company number 01243776) entered creditors' voluntary liquidation on 1 December 2023, by its creditors. Gareth Buckley of null was appointed as liquidator.
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Ylem 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.
Company at a glance
| Status | In Creditors' Voluntary Liquidation |
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| Company number | 01243776 |
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| Previously known as | - Midas Advisory Services Limited , Feb 1976 to Jan 1991
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| Incorporated | 10 February 1976 (50 years old) |
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| Registered office | Suite B Blackdown House, Blackbrook Park Avenue, Taunton, Somerset, TA1 2PX |
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| Nature of business (SIC) | 62012: Business and domestic software development (IT & managed services) |
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| Date entered creditors' voluntary liquidation | 1 December 2023 |
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| Liquidator | Gareth Buckley, null (licensed insolvency practitioner) |
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| Public register | View filing history ↗ |
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About the business
Ylem Limited is a it & managed services business based in Taunton, incorporated in 1976 and 47 years old when the liquidator was appointed. Its registered activity is business and domestic software development (SIC 62012). There have been 18 director appointments since incorporation, of which 4 were on the board when the liquidator was appointed, alongside 2 people with significant control. 4 charges have been registered against the company, 4 of which are still outstanding.
Directors
18 people have been appointed as directors of Ylem Limited.
DirectorStatusAppointedResigned
+12 former directors · resigned 1991 to 2010
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 Sandra Anne Wilson
individual person with significant control · British · England
Ownership of shares 25-50%Voting rights 25-50%Right to appoint and remove directors
Mr William Walter Wilson
individual person with significant control · British · England
Ownership of shares 25-50%Voting rights 25-50%Right to appoint and remove directors
Charges register
Secured creditors and encumbrances against the company. 4 outstanding · 0 satisfied.
Status · Creditor · Type · Dates
OutstandingHsbc Bank PLC
Legal mortgage · Created 31 Jul 2008 · Pending
OutstandingHsbc Bank PLC
Debenture · Created 17 Dec 2007 · Pending
OutstandingMidland Bank PLC
Fixed and floating charge · Created 26 Sep 1990 · Pending
OutstandingMidland Bank PLC
Charge · Created 17 Apr 1985 · Pending
What happened
EventDateType
Final Gazette dissolved following liquidation6 June 2026GAZ2 Return of final meeting in a creditors' voluntary winding up6 March 2026LIQ14
Liquidators' statement of receipts and payments10 December 2025LIQ03
Resignation of a liquidator19 June 2025LIQ06
Registered office address changed4 February 2025AD01 +134 earlier events · 1986 to 2025
Liquidators' statement of receipts and payments31 January 2025LIQ03
Registered office address changed12 December 2023AD01 Statement of affairs8 December 2023LIQ02
Appointment of a voluntary liquidator8 December 2023600
Creditors' voluntary liquidationStatus1 December 2023
Confirmation statement made with no updates11 May 2023CS01 Total exemption full accounts made up31 March 2023AA Confirmation statement made with no updates12 May 2022CS01 Total exemption full accounts made up21 March 2022AA Director's details changed11 March 2022CH01 Director's details changed11 March 2022CH01 Secretary's details changed11 March 2022CH03 Director's details changed11 March 2022CH01 Change of details as a person with significant control11 March 2022PSC04 Registered office address changed25 October 2021AD01 Total exemption full accounts made up28 June 2021AA Confirmation statement made with no updates11 May 2021CS01 Registered office address changed8 April 2021AD01 Confirmation statement made with no updates18 May 2020CS01 Confirmation statement made with no updates4 May 2020CS01 Total exemption full accounts made up21 February 2020AA Confirmation statement made with no updates21 May 2019CS01 Total exemption full accounts made up15 March 2019AA Director's details changed22 August 2018CH01 Confirmation statement made with updates18 May 2018CS01 Termination of appointment as a director9 April 2018TM01 Termination of appointment as a director9 April 2018TM01 Total exemption full accounts made up28 March 2018AA Appointment as a director7 July 2017AP01 Appointment as a director7 July 2017AP01 Current accounting period extended24 May 2017AA01 Confirmation statement made with updates24 May 2017CS01 Total exemption small company accounts made up30 November 2016AA Annual return made up with full list of shareholders1 June 2016AR01 Total exemption small company accounts made up20 November 2015AA Appointment as a director16 November 2015AP01 Annual return made up with full list of shareholders27 May 2015AR01 Total exemption small company accounts made up25 November 2014AA Annual return made up with full list of shareholders12 May 2014AR01 Total exemption small company accounts made up18 November 2013AA Annual return made up with full list of shareholders15 May 2013AR01 Total exemption small company accounts made up6 December 2012AA Annual return made up with full list of shareholders18 May 2012AR01 Total exemption small company accounts made up27 September 2011AA Annual return made up with full list of shareholders17 May 2011AR01 Total exemption small company accounts made up19 August 2010AA Director's details changed25 July 2010CH01 Termination of appointment as a director25 July 2010TM01 Annual return made up with full list of shareholders25 July 2010AR01 Total exemption small company accounts made up12 March 2010AA Legacy19 January 2009363a Total exemption small company accounts made up27 December 2008AA Legacy29 December 2007395 Total exemption small company accounts made up27 December 2007AA Total exemption small company accounts made up4 December 2006AA Total exemption small company accounts made up24 April 2006AA Total exemption small company accounts made up29 July 2005AA Total exemption small company accounts made up17 June 2003AA Total exemption small company accounts made up1 July 2002AA Total exemption small company accounts made up2 January 2002AA Legacy4 December 2001363s Legacy4 December 2001288a Accounts for a small company made up31 October 2000AA Accounts for a small company made up17 January 2000AA Legacy28 September 1999288b Legacy28 September 1999288b Accounts for a small company made up30 March 1999AA Accounts for a small company made up18 April 1998AA Full accounts made up3 December 1996AA Full accounts made up30 November 1995AA A selection of documents registered before 1 January 19951 January 1995PRE95
Accounts for a small company made up30 August 1994AA Accounts for a small company made up19 August 1993AA Accounts for a small company made up15 September 1992AA Accounts for a small company made up5 February 1992AA Full accounts made up30 May 1991AA Memorandum and Articles of Association12 April 1991MEM/ARTS
Certificate of change of name3 January 1991CERTNM Legacy21 December 1990363a Legacy13 February 1990287 Legacy21 December 1989363 Full accounts made up21 December 1989AA Legacy23 September 1988288 Legacy23 September 1988288 Full accounts made up1 March 1988AA Legacy9 September 1987363 Full accounts made up31 July 1987AA A selection of documents registered before 1 January 19871 January 1987PRE87
Full accounts made up22 October 1986AA Memorandum and Articles of Association29 January 1976MEM/ARTS
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 it & managed services companies in creditors' voluntary liquidation
Related guides
The bigger picture
Frequently asked questions
- Is Ylem Limited in creditors' voluntary liquidation?
- Yes. Ylem Limited (company number 01243776) entered creditors' voluntary liquidation on 1 December 2023, by its creditors. Gareth Buckley of null was appointed as liquidator.
- Who is the liquidator of Ylem Limited?
- Gareth Buckley, a licensed insolvency practitioner at null, was appointed liquidator of Ylem Limited on 1 December 2023. Creditors can contact the liquidator directly to submit a claim.
- What does Ylem Limited do?
- Ylem Limited's registered nature of business is business and domestic software development (SIC 62012). It is classified in the it & managed services sector.
- Where is Ylem Limited based?
- Ylem Limited's registered office is Suite B Blackdown House, Blackbrook Park Avenue, Taunton, Somerset, TA1 2PX. The registered office is the address held on the public register, which is not always the trading address.
- When was Ylem Limited founded?
- Ylem Limited was incorporated on 10 February 1976, 47 years before the liquidator was appointed.
- What is Ylem Limited's company number?
- Ylem Limited's registered company number is 01243776.
- Who has significant control of Ylem Limited?
- 2 active people with significant control over Ylem Limited are on the register: Mrs Sandra Anne Wilson, Mr William Walter Wilson.
- Does Ylem Limited have any outstanding charges?
- 4 outstanding charges are registered against Ylem Limited out of 4 on file. Outstanding charges represent secured creditors who rank ahead of unsecured creditors in any recovery.
- What does liquidation mean for creditors of Ylem 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 Ylem 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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