Psyche Inc Ltd enters creditors' voluntary liquidation with Blades Insolvency Services appointed
Psyche Inc Ltd, a textile wholesaler in Thurmaston, Leicester, entered creditors' voluntary liquidation on 21 May 2026. See the appointed liquidators 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.
Julie Elizabeth Willetts and Philip Anthony Brooks of Blades Insolvency Services were appointed joint liquidators to Psyche Inc Ltd, a textile wholesaler based in Thurmaston, Leicester, on 21 May 2026.
A creditors' voluntary liquidation (CVL) is an insolvent winding-up resolved by the company's members at the directors' request, without a court order. In this case the appointment was made by both members and creditors.
The company
Psyche Inc Ltd traded as a textile wholesaler under SIC code 46410, with its registered office and principal trading address at Unit 6 Earls Way, Thurmaston, Leicester, LE4 8DL. The company was incorporated on 27 August 2019. Its last accounts filed at Companies House were made up to 31 August 2023.
The liquidators
Willetts holds IP number 9133 and Brooks holds IP number 9105. Both are licensed insolvency practitioners; an IP number is the licence number issued by a practitioner's recognised professional body. They practise from Charlotte House, 19B Market Place, Bingham, Nottingham, NG13 8AP. Blades Insolvency Services can be contacted on 01949 831260 or at j.willetts@bladesinsolvency.co.uk.
As joint liquidators, Willetts and Brooks will realise the company's assets and distribute the proceeds to creditors. A liquidator is the licensed insolvency practitioner who carries out that process, distinct from an administrator whose statutory duties can include attempting to rescue the company as a going concern.
The directors
Two directors were in post at the time of the CVL. Suhel Khansia has been a director since incorporation on 27 August 2019. Mohammed Yusuf Iqbal Patel was appointed on 1 September 2020. Both are resident in England and neither has a recorded resignation date at Companies House.
Secured charges
No secured charges are registered against Psyche Inc Ltd at Companies House, meaning no secured creditors hold a fixed or floating charge over the company's assets.
Common questions
Are you owed money by Psyche Inc 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 Psyche Inc 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 Psyche Inc 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 Psyche Inc 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 Appointment of Liquidators)
- Companies House record 12176514
- Editorial standards: how we source and review; five-pass pipeline.
