George Watt Limited, formerly Times24 UK Limited, enters creditors' voluntary liquidation
George Watt Limited, formerly Times24 UK Limited, passed a creditors' voluntary liquidation resolution on 12 May 2026, with PricewaterhouseCoopers LLP appointed. Full notice and Companies House record.
Information for general guidance, drawn from the public record. Not legal, financial, or insolvency advice. If you are affected by an insolvency, consult a licensed practitioner or qualified solicitor.
Members of George Watt Limited passed a resolution on 12 May 2026 to wind the company up by creditors' voluntary liquidation. In a CVL, an insolvent company's members vote to wind it up without a court order, and liquidators are appointed to realise assets and distribute proceeds to creditors.
The resolution, signed by Hideyuki Nagahiro in his capacity as director, stated that the company could not, by reason of its liabilities, continue its business. The registered office is at The Bailey, 16 Old Bailey, London EC4M 7EG.
The liquidators
Victoria Hatton (IP number 28170) and Mark James Tobias Banfield (IP number 23350), both of PricewaterhouseCoopers LLP, were appointed joint liquidators on 12 May 2026. Where joint liquidators are appointed, two or more insolvency practitioners act together in realising a company's assets. Hatton is based at PricewaterhouseCoopers LLP's Leeds office at Central Square, 29 Wellington Street. Banfield is based at 7 More London Riverside, London.
The company
George Watt Limited is classified under SIC code 52219, covering other service activities incidental to land transport. Its most recent accounts, made up to 30 September 2024, were filed as dormant accounts, indicating the company had not been trading.
The company was incorporated on 2 June 1993, originally as Virotec Properties Limited, and traded as George Watt Limited from 20 September 1993. The name changed to Times 24 UK Limited on 15 August 2022, then to Times24 UK Limited the following day, 16 August 2022. That name remained in use until 12 November 2025, when the company reverted to George Watt Limited.
Directors at the time of liquidation
Two directors were current at the time of the resolution. Hideyuki Nagahiro was appointed on 14 March 2024 and is resident in England. Masashi Sada was appointed on 15 July 2025 and is resident in the United Kingdom.
Among those who had left the board before the resolution, Robert Charles England resigned as a director on 27 October 2025, having been appointed on 17 December 2021. Hiroyasu Matsui resigned on 15 July 2025, having been appointed on 15 October 2018.
No secured charges are registered against George Watt Limited at Companies House.
Creditors can contact PricewaterhouseCoopers LLP on 0113 289 4035 or at uk_ncpcvls@pwc.com.
Common questions
Are you owed money by George Watt Limited?
In a creditors' voluntary liquidation you are an unsecured creditor unless you hold a registered charge or retention of title. The liquidators will write to known creditors with a proof-of-debt form. A statement of affairs prepared by the directors and the chair of the creditors' decision procedure should be available on request. Read more about proof of debt and where you sit in the creditor hierarchy.
Did you work at George Watt Limited?
In a CVL, employees are typically dismissed at or shortly after the liquidator's appointment. Wages owed up to a statutory cap, holiday pay, notice pay and redundancy may be claimable from the Redundancy Payments Service. The liquidators will normally provide RP1 case-reference numbers to the affected staff. See gov.uk: your rights if your employer is insolvent.
Do you hold a deposit, gift card or undelivered order from George Watt Limited?
Customers with paid-but-undelivered orders, gift cards or deposits rank as unsecured creditors in the liquidation. Where you paid by credit card and the amount was over £100, Section 75 of the Consumer Credit Act 1974 may let you claim from the card issuer for breach of contract or misrepresentation by the supplier; the rules apply per item, not per transaction, and the card must be a regulated credit card. Debit-card payments may be recoverable via chargeback.
Are you a director of a company connected to George Watt Limited?
Section 216 of the Insolvency Act 1986 applies the moment the company enters liquidation. If you intend to be involved in another company using the same or a similar name within five years, you must rely on one of the three statutory exceptions and file the relevant notice. Acting in breach is a criminal offence and exposes you to personal liability for the successor's debts.
Sources
- The London Gazette notice (code Resolutions for Winding-up)
- Companies House record 02823519
- Editorial standards: how we source and review; five-pass pipeline.
