High Court Trial Listed for Propiteer Limited Amid Receivership Action
Propiteer Limited is listed as the defendant in a High Court trial hearing scheduled for 22 July 2026 at the Rolls Building under case number CR-2025-001034-D. Official entries on the Companies House corporate register simultaneously indicate that a receiver or manager has been appointed in relation to at least one security charge registered against the company.
Hearing details
| Detail | Information |
| :--- | :--- |
| Company Name | PROPITEER LIMITED |
| Company Number | 09414573 |
| Case Number | CR-2025-001034-D |
| Court | Insolvency and Companies Court (High Court) |
| Venue | The Rolls Building, Court 21 |
| Date & Time | 22 July 2026 at 10:30am |
| Hearing Type | Trial |
| Party Role | Defendant |
Company snapshot
Propiteer Limited was incorporated on 30 January 2015. Public records maintained on the Companies House register show the company maintains an active status, with specific register notes recording that a receiver or manager has been appointed over at least one registered charge. The company operates from its registered office at 84 South Croxted Road, London, England, SE21 8BD, under Standard Industrial Classification (SIC) codes 64209 (Activities of holding companies) and 70229 (Management consultancy activities other than financial management). Complete historical register filings can be verified on the Propiteer Limited overview.
Under the statutory framework of the Insolvency Act 1986, the appointment of a receiver or manager is a remedy exercised by a secured creditor to enforce security held under a fixed charge or debenture. Receivership ring-fences designated encumbered assets to satisfy the underlying secured debt. It is legally distinct from court administration or formal compulsory liquidation, and the company itself remains a live legal entity while the receiver realizes the specified security.
Directors and ownership
Public entries on the Persons with Significant Control (PSC) register record key ownership disclosures for Propiteer Limited in accordance with the Companies Act 2006. On 1 May 2016, Never What If Group Limited was notified as a corporate PSC holding between 50% and 75% of company shares and the right to appoint and remove directors. Public records show that this corporate PSC interest ceased on 24 April 2024.
On 24 April 2024, Pc Group Nominees Limited was registered as an active corporate PSC. The register records this entity as holding between 50% and 75% of shares and between 50% and 75% of voting rights. All disclosures reflect statutory notifications submitted to the registrar.
Recent filings and Gazette activity
When a qualifying receiver or manager is appointed over corporate assets, formal notices such as forms RM01 or RM02 are submitted to Companies House to reflect changes to the encumbered asset portfolio. Formal notices regarding insolvency proceedings and statutory enforcement are published in The Gazette.
Substantive trial listings in the Insolvency and Companies Court of the High Court typically address unresolved legal issues. These may include unfair prejudice petitions under section 994 of the Companies Act 2006, complex contractual claims, or debt enforcement disputes. Additional operational guidance regarding enforcement matters is made available by the Insolvency Service.
What this means for suppliers, creditors and counterparties
When a commercial trading partner faces high-level litigation alongside receiver enforcement, trade creditors face increased exposure. A receiver's primary fiduciary obligation is to realize encumbered assets for the secured creditor who appointed them. Unsecured creditors must look to remaining unencumbered liquidity, which may be constrained by ongoing High Court litigation costs.
Commercial managers evaluating counterparty exposure should apply a structured risk assessment protocol:
1. Inspect encumbered assets: Execute a thorough company charge check to establish precisely which revenues or properties fall under the receiver's authority.
2. Execute court checks: Conduct a winding up search to confirm whether separate winding up petitions have been presented by other creditors on today's cause list.
3. Review Retention of Title clauses: Examine supply agreements to confirm valid Retention of Title (RoT) provisions, notifying the appointed receiver immediately regarding unmixed goods delivered under title retention terms.
4. Restructure trade terms: Move unsecured credit limits to pro-forma or cash-on-delivery arrangements pending the resolution of active High Court proceedings.
Worked scenario: Unsecured creditor exposure during dual enforcement
Consider an anonymised scenario involving a commercial service vendor providing IT support services to a holding company on 30-day payment terms. A secured debenture holder appoints a receiver over the company's main revenue-generating property assets. Simultaneously, a shareholder dispute results in a High Court trial listing. Unaware of the charge enforcement, the IT vendor continues supplying services on credit. Upon invoice maturity, the vendor finds all primary operational cash flows ring-fenced by the receiver for secured debt service. The vendor's unpaid invoices remain unsecured claims against depleted unencumbered assets, forcing an unexpected bad debt write-off.
How to run a winding up petition search
Historically, legal and credit risk teams checked counterparty legal status through manual inquiries across fragmented public databases. Professionals had to cross-reference Companies House charge registers, search printed Gazette entries, and contact court registries directly. This manual approach created delays that left institutions exposed when attempting to conduct a winding up petition search.
Modern corporate intelligence tools consolidate public records and cause lists into real-time risk feeds. Performing a winding up search enables risk analysts to verify pending High Court dockets instantly. Applying free company monitoring ensures automatic notifications whenever new charge notifications, court listings, or officer changes are registered. Legal teams can also verify professional service firm credentials through the official roll.
For conveyancers, lawyers and lenders
A formal winding up search is professionally required prior to property completions, loan drawdowns, corporate acquisitions, and client onboarding. Missing an active court listing or receiver appointment can invalidate security arrangements, expose lenders to section 127 voidance risks, and lead to unrecoverable financial losses. Performing verified searches ensures institutional due diligence remains fully defensible and compliant with legal practice standards.
FAQ
What does a trial listing in the Insolvency and Companies Court signify?
A trial listing indicates that a substantive claim has progressed through preliminary directions and is scheduled for a full judicial trial. Unlike short interlocutory applications, a trial involves written and oral evidence evaluated by a High Court judge.
How does receivership affect unsecured trade creditors?
A receiver acts on behalf of the secured creditor who appointed them to realise specific encumbered assets. Unsecured creditors have no direct claim over assets subject to receivership and must rely on unencumbered corporate funds or potential residual surpluses.
Is a company in receivership automatically in liquidation?
No. Receivership applies only to specific assets secured by a charge or debenture. The company remains an active legal entity unless separate administration, voluntary liquidation, or compulsory winding up proceedings are commenced.
Where can professionals check for pending High Court insolvency petitions?
Risk analysts can review published High Court cause lists or perform a dedicated winding up search to inspect active court dockets and insolvency filings.
What should suppliers do if their goods are held by a company in receivership?
Suppliers should review their supply contracts for valid Retention of Title (RoT) clauses. If valid RoT clauses exist, suppliers must immediately provide written notice and proof of debt to the receiver to claim unmixed inventory.
Can a company defend itself during High Court proceedings while in receivership?
Yes. The appointment of a receiver over specific security does not remove the legal capacity of the company's directors to participate in or defend separate High Court litigation, subject to corporate governance rules and funding availability.
Disclaimer
This report summarises entries on the published court cause list. Presentation of a petition is not a determination of insolvency; the outcome is a matter for the court. Companies believing they are named incorrectly should email contact@corp-intel.co.uk.