Bullseye Financial Ltd Enters Administration
Bullseye Financial Ltd has entered administration under Schedule B1 to the Insolvency Act 1986, following proceedings in the High Court of Justice. The formal notice was recorded in The Gazette on 27 October 2026 under court reference CR-2026-008257.
When a commercial entity enters administration, the appointment triggers an immediate statutory moratorium under paragraph 43 of Schedule B1 to the Insolvency Act 1986. This moratorium prevents creditors from initiating or continuing legal process, enforcing security, or petitioning for compulsory liquidation without leave of the court or consent from the administrators. For counterparties and debt recovery specialists, assessing whether legal steps remain viable begins by verifying court and registry entries directly.
Gazette notice details
The statutory appointment details published in The Gazette are set out below:
- Company Name: BULLSEYE FINANCIAL LTD
- Company Registration Number: 12923262
- Notice Publication Date: 27 October 2026
- Notice Type: Appointment of administrators (Notice code 2410)
- Court: High Court of Justice Business and Property Courts of England and Wales, Insolvency and Companies List (ChD)
- Court Reference: CR-2026-008257
- Appointing Party: [Shown in the creditor report →](#offers-creditor)
- Appointed Administrators: [Shown in the creditor report →](#offers-creditor)
- Administrator Contact Details: [Shown in the creditor report →](#offers-creditor)
Company snapshot
Companies House records show Bullseye Financial Ltd was incorporated on 2 October 2020. The company operates under SIC code 64205, covering activities of financial services holding companies.
| Attribute | Public Register Record |
| :--- | :--- |
| Registered Company Name | BULLSEYE FINANCIAL LTD |
| Company Number | 12923262 |
| Incorporation Date | 2 October 2020 |
| Registered Office Address | 100 Bishopsgate, Signature by Regus, Bishopsgate, London, EC2N 4AG |
| Nature of Business (SIC) | 64205 (Activities of financial services holding companies) |
| Register Status | Active (prior to registration of administration documents) |
| Latest Filed Financials | None supplied in public record extract |
Further corporate filing updates can be tracked via the [Bullseye Financial Ltd profile](/company/12923262).
Directors and ownership
Public filings on the Companies House register record the appointment of three directors and one individual person with significant control (PSC) since incorporation:
- Mr Robert Duncan Donald: Appointed as director on 16 January 2026. Born in March 1977, British nationality, resident in England. The register records no resignation date.
- Dr Wei Shi: Appointed as director on 2 October 2020. Born in March 1986, British nationality, resident in England. The register records no resignation date.
- Ms Lingling Wu: Appointed as director on 2 October 2020 and resigned on 16 January 2026. Born in May 1978, British nationality, resident in England.
According to the PSC register, Mrs Lingling Wu was notified as a person with significant control on 2 October 2020. The register records her nationality as British and country of residence as England. Her registered nature of control comprises:
- Ownership of shares representing 50% to 75% of the company
- Ownership of voting rights representing 75% to 100% of the company
- The right to appoint and remove a majority of the board of directors
These details represent historic and current entries from the public register. The public record does not impute any personal liability or wrongdoing to any named officer or owner.
What administration means for creditors and customers
This summary provides general factual information regarding UK insolvency procedures and does not constitute legal or formal financial advice.
1. Statutory Moratorium: Upon the formal appointment of administrators, an interim or full statutory moratorium takes effect. Unsecured creditors cannot execute judgments, levy distress for rent, or repossess leased equipment without court consent or the administrators' agreement.
2. Transfer of Executive Powers: The powers of the company's directors are displaced. The administrators manage the company's affairs, business, and property in pursuit of statutory objectives set out in paragraph 3 of Schedule B1 to the Insolvency Act 1986.
3. Submitting Proof of Debt: Creditors holding unsettled invoices must file a proof of debt with the appointed insolvency firm. Administrators issue an initial proposals document to creditors within eight weeks of appointment, which details asset realisations and potential dividend prospects.
4. Existing Security: Secured creditors holding fixed or floating charges will have their positions determined under standard insolvency ranking rules. Counterparties should run a company charge check to verify outstanding security filings registered on the company.
Creditor and adviser action framework
When a corporate debtor enters administration, commercial teams must act methodically to protect contractual positions:
1. Cease Supply on Credit: Terminate discretionary credit accounts immediately to prevent post-appointment accrual of unsecured liabilities.
2. Conduct Cross-Entity Verification: Run a formal winding up search across group entities or associated holding companies to identify if insolvency proceedings affect other connected businesses.
3. Assert Retention of Title (RoT): If supplying goods under contract, confirm whether valid RoT clauses exist, inventory delivered assets on-site, and notify the administrators before goods are processed or sold.
4. Collate Debt Documentation: Gather all unpaid invoices, signed contracts, delivery receipts, and credit agreements in preparation for submitting the formal proof of debt.
5. Review Ongoing Contracts: Evaluate whether contracts contain valid termination clauses triggered by an insolvency event, or whether the administrators intend to adopt existing supply arrangements.
Scenario analysis: Managing supply chain exposure
Consider an enterprise IT supplier that provides cloud infrastructure services to an intermediary holding entity. The intermediary enters administration under court appointment.
Under Schedule B1, the supplier cannot simply issue a statutory demand or petition for compulsory liquidation. Instead, credit managers review the contractual counterparties. A comprehensive winding up petition search determines whether previous winding-up petitions had already been presented against the group prior to administration. Identifying such petitions is critical: transactions made after a winding-up petition presentation risk voidance under section 127 of the Insolvency Act 1986 if the administration transitions into compulsory winding up.
The supplier immediately contacts the appointed insolvency firm to request written confirmation of whether cloud infrastructure maintenance constitutes an expense of the administration. By demanding written undertakings for post-appointment usage, the supplier protects cash flow while awaiting the formal administrator proposals.
Traditional investigations versus corporate intelligence platforms
Historically, credit control managers and insolvency lawyers monitored distressed debtor books through manual administrative tasks. Practitioners searched Companies House WebCHeck, waited days for postal filings, manually reviewed regional court cause lists, and checked gazette releases across disparate feeds.
This piecemeal workflow frequently missed critical petitions. High Court petitions often take days or weeks before reflecting on the public register at Companies House, leaving creditors unaware of pending legal actions during critical settlement negotiations.
Modern corporate intelligence consolidates multi-source registers into a unified workflow. Using automated tools, practitioners obtain real-time updates across the Insolvency and Companies Court lists, Companies House filings, and Gazette publications simultaneously, eliminating blind spots during enforcement and transactional diligence.
For credit teams and suppliers
Credit underwriters and legal advisers require prompt notification when counterparties experience insolvency distress. Missing an administration appointment or winding-up filing compromises contractual remedies, risks unenforceable post-petition deliveries, and forfeits early opportunities to participate in creditor committees. Setting up free company monitoring ensures your credit desk receives instant alerts when insolvency notices or statutory appointments are published against counterparties.
FAQ
What is court case CR-2026-008257?
Court case CR-2026-008257 refers to the insolvency matter filed in the High Court of Justice Business and Property Courts of England and Wales (Chancery Division) concerning Bullseye Financial Ltd.
Can unsecured creditors still issue a winding-up petition against Bullseye Financial Ltd?
No. Under paragraph 43 of Schedule B1 to the Insolvency Act 1986, an administration creates a statutory moratorium that prevents any party from presenting or proceeding with a winding-up petition without permission of the court.
How can creditors submit claims to the administrators?
Creditors should obtain the administrators' direct contact details from the official notice or statement of proposals and submit a formal proof of debt form accompanied by relevant invoices, contracts, and statement of account.
Why does the company status still show as active on Companies House?
Companies House updates register statuses after the official administration filing (Form AM01) is registered and processed by the registrar. Notices in The Gazette typically precede Companies House status changes by several days.
Where can I check if other group companies face insolvency?
Credit professionals can conduct a winding up search to check for pending petitions or orders across any UK registered corporate entity.