PREMIER PRECISION ENGINEERING (CHESTERFIELD) LIMITED — Liquidation
Unit 19, Broombank Park, Chesterfield, S41 9RT Principal trading address: Unit 19, Broombank Park, Ch…Manufacturing
PREMIER PRECISION ENGINEERING (CHESTERFIELD) LIMITED is in liquidation — here's what happens next
PREMIER PRECISION ENGINEERING (CHESTERFIELD) LIMITED is being wound up. A liquidator (a licensed insolvency practitioner) has been appointed to sell the company's assets, distribute the proceeds to creditors in the statutory order, and ultimately dissolve the company. Unlike administration, there is no attempt to rescue the business — the goal is orderly closure. Trade contracts, leases and employment contracts are typically terminated. Assets — plant, stock, intellectual property, customer lists, property — are usually sold individually or as a package, often at speed and at a discount. Directors' conduct is reviewed as part of the process.
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PREMIER PRECISION ENGINEERING (CHESTERFIELD) LIMITED — liquidation FAQs
Q.Can I buy PREMIER PRECISION ENGINEERING (CHESTERFIELD) LIMITED's assets out of liquidation?
Yes. In a liquidation the liquidator sells the company's assets — plant, stock, IP, customer lists, property — to pay creditors. You can approach the appointed insolvency practitioner to register interest and receive an information pack. Deals typically move in days, not months, and are sold "as seen" with no warranties.
Q.What happens to PREMIER PRECISION ENGINEERING (CHESTERFIELD) LIMITED's employees?
Employment contracts typically end when the liquidator is appointed. Employees become preferential creditors for unpaid wages, holiday pay, and pension contributions (up to statutory caps) and can claim the balance from the Redundancy Payments Service.
Q.Who is handling PREMIER PRECISION ENGINEERING (CHESTERFIELD) LIMITED's liquidation?
The appointed insolvency practitioner's name and contact details are published in the official Gazette notice linked at the top of this page. Read the notice, then contact their firm directly.
Q.How long does liquidation take?
A UK liquidation typically takes 12–24 months to complete, but asset sales usually happen in the first few months so the liquidator can start distributing proceeds to creditors.