A UK homebuilder has plunged into liquidation just five years after it was set up. GEM Residence Limited, based in Witney, Oxfordshire, is now listed as being in compulsory liquidation on the Companies House. The business was incorporated in April 2021 and worked in both the construction and property sectors.
According to the Companies House records, the business provided services such as building homes, constructing commercial properties and buying and selling real estate. Official filings show a winding-up petition was presented against the company on March 27 this year.
A court later made a winding-up order on May 14, formally placing the business into liquidation.
The latest records available do not reveal why the company entered liquidation. They also do not provide details about how many projects the firm may have been working on when the process began.
Notice published in The Gazette, the UK’s official public record, shows the winding-up petition was advertised on May 1. A further notice confirming the winding-up order was published on May 21.
The Companies House now lists GEM Residence Limited as being in liquidation, with the company’s registered office remaining in Witney.
Public records show the business operated under three industry classifications covering domestic construction, commercial construction and property trading. The company had been trading for just over five years before entering liquidation.
Its next set of accounts was due to be made up to April 30, 2025. However, the Companies House currently lists those accounts as overdue.
Compulsory liquidation is a legal process where a court orders a company to be wound up. It often follows action from a creditor seeking repayment of debts owed by the business.
Once a winding-up order is granted, control of the company’s affairs passes to a liquidator, who is responsible for dealing with its assets and outstanding liabilities.
The Express has reached out to GEM Residence Limited for a comment.
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