Winding-Up Petition Against CTEQ LTD
A winding-up petition has been presented against CTEQ LTD in the High Court of Justice. According to records maintained on the CE-File system, the petition was lodged at the Central Registry of Winding-up Petitions on 26 October 2026 under case reference CR-2026-008193.
The presentation of a petition is the earliest public signal that formal insolvency proceedings have been initiated. It is not an adjudication of insolvency, and the outcome remains entirely a matter for the court.
Creditors and counterparties tracking court activity can inspect the filing on the daily winding-up petitions list today or review the company's full profile on Corp Intel.
Petition details
The table below summarises the filing data captured from the Central Registry record:
| Attribute | Court Record Detail |
| :--- | :--- |
| Company Name | CTEQ LTD |
| Court Reference | CR-2026-008193 |
| Filing Date | 26 October 2026 |
| Case Type | Companies - Petition - Winding Up Petition |
| Filing Source | Central Registry of Winding-up Petitions (CE-File) |
| Petitioning Creditor | [Shown in the creditor report →](#offers-creditor) |
| Creditor Solicitor | [Shown in the creditor report →](#offers-creditor) |
| Claim Amount | [Check the creditor report →](#offers-creditor) |
| Hearing Listing | [Shown in the creditor report →](#offers-creditor) |
Company snapshot
Public filings at Companies House confirm that CTEQ LTD. (company number 05600854) was incorporated on 24 October 2005. The company is registered as an active private limited company.
- Registered Office: Franciscan House 51 Princes Street, Regus, Ipswich, England, IP1 1UR
- Primary SIC Classifications:
- 46140: Agents involved in the sale of machinery, industrial equipment, ships and aircraft
- 46180: Agents specialising in the sale of other particular products
- 46520: Wholesale of electronic and telecommunications equipment and parts
- 46750: Wholesale of chemical products
- Latest Filed Accounts / Turnover: [Shown in the creditor report →](#offers-creditor)
- Net Assets: [Shown in the creditor report →](#offers-creditor)
Directors and ownership
Companies House records reflect the current and historical officers for CTEQ LTD. Public register details are factual and imply no wrongdoing or personal responsibility for the presentation of the petition:
- Mr Ayman Hamid Gassmalla: Appointed director on 24 October 2005; appointed secretary on 31 December 2009. Born April 1974. British nationality; resident in the United Kingdom.
- Mr Amged Zein: Appointed secretary on 24 October 2005, resigned 31 December 2009. Appointed director on 24 October 2005, resigned 31 December 2009. Born June 1974. British nationality; resident in the United Kingdom.
- Mr Mutaz Khidir Elkashif: Appointed director on 24 October 2005, resigned 1 October 2006. Born September 1970. Sudanese nationality.
- CTEQ LTD (Corporate Officer): Recorded as corporate secretary and corporate director on 31 December 2009, resigning on the same date.
According to the register of Persons with Significant Control (PSC), Mr Ayman Hamid Gassmalla has been recorded since 6 April 2016 as holding 75% to 100% of the company's shares.
Recent filings and Gazette activity
No advertisements regarding this petition have yet been noted in The Gazette. Under the Insolvency (England and Wales) Rules 2016, a petition is ordinarily advertised no sooner than seven business days after service, and at least seven business days before the listed hearing date, unless the court orders otherwise.
Prior to advertisement, banks may become aware of the petition via trade monitoring or registry checks. Once aware, financial institutions often freeze corporate bank accounts to avoid liability under section 127 of the Insolvency Act 1986.
What this means for suppliers, creditors and counterparties
The presentation of a winding-up petition under section 124 of the Insolvency Act 1986 marks a critical juncture for commercial counterparties. Section 127 provides that any disposition of company property, and any transfer of shares or alteration in the status of members made after the presentation date, is void unless sanctioned by a validation order from the court.
When trading with a counterparty subject to a petition, commercial teams face severe legal constraints:
- Customer Exposure: Payments received from the company after 26 October 2026 can be reclaimed by a liquidator if a winding-up order is subsequently made, unless a section 127 validation order was obtained.
- Supplier Exposure: Delivering goods on open credit poses severe non-payment risk. Retention of title clauses must be examined immediately.
- Operational Continuity: Account freezes often prevent the company from settling supplier invoices, running payroll, or executing critical bank transfers.
Counterparty exposure checklist
Credit controllers and commercial managers should enact immediate controls upon learning of a petition:
1. Stop Unsecured Credit: Suspend existing credit facilities and switch terms to cleared funds in advance.
2. Review Retention of Title (RoT): Identify goods supplied under valid RoT provisions and verify inventory locations.
3. Assess Pending Dispositions: Take legal advice before accepting major payments to quantify clawback risk under section 127.
4. Audit Related Entities: Conduct a wider winding up search across linked group companies or associated buyers.
5. Monitor Court Proceedings: Track whether the company files for a validation order, applies to strike out the petition, or heads toward a winding-up order.
Practical risk scenario: Trading post-presentation
Consider a commercial supplier that holds an open account with a business facing a petition. If the supplier continues to deliver £25,000 worth of electronic components on standard 30-day terms, the supplier ranks as an unsecured creditor for that balance. If the customer instead pays £25,000 from its corporate bank account, that payment is a disposition of company assets. Should the court grant a winding-up order six weeks later, the Official Receiver or appointed liquidator via the Insolvency Service can demand repayment of that £25,000 unless the court validates the payment. Pre-payment arrangements or third-party indemnities are customary solutions deployed in such situations.
How to run a winding up petition search
Credit analysts and risk officers traditionally confirm petition filings through manual searches of the CE-File register at the Rolls Building, by phoning the Central Registry, or by waiting for advertisements in The Gazette. However, by the time an advertisement appears in The Gazette, weeks may have elapsed since the petition was lodged.
Conducting a regular winding up search directly on public cause lists ensures earlier visibility. Commercial counterparties can also monitor a UK company free to obtain immediate alerts when new petitions or Gazette notices are registered.
For credit teams and suppliers
Running a prompt winding up petition search is a vital control during client onboarding, contract renewal, and debt collection escalations. Missing a petition filing exposes credit teams to avoidable bad debt write-offs and clawback litigation under the Insolvency Act 1986. Corporate suppliers should review their trade ledger regularly against the Central Registry data.
FAQ
What does the presentation of a winding-up petition mean?
It means a creditor or party entitled to petition has submitted an application to the High Court seeking to liquidate the company. It indicates that formal legal steps have commenced, but it does not mean the company is in liquidation.
How long after filing does a petition hearing take place?
High Court hearings are generally scheduled between 6 and 10 weeks after the presentation date, depending on court listing capacity and registry processing times.
Why do corporate bank accounts get frozen?
Banks routinely monitor court petition lists. Under section 127 of the Insolvency Act 1986, asset dispositions made after the petition date become void if an order is made. Banks freeze accounts to shield themselves from restitution claims.
Can a winding-up petition be withdrawn or dismissed?
Yes. If the underlying claim is settled, proven to be subject to a genuine substantial dispute, or adjourned by consent, the court may dismiss the petition or allow the petitioner to withdraw it.
Disclaimer
This report summarises a petition recorded at the Central Registry of Winding-up Petitions. 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.