Psyche Inc Ltd enters creditors' voluntary liquidation
Members of Psyche Inc Ltd, a Thurmaston-based wholesale textile trader, voted to wind up the company voluntarily 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.
Members of Psyche Inc Ltd resolved to wind up the company voluntarily on 21 May 2026, with Julie Elizabeth Willetts and Philip Anthony Brooks of Blades Insolvency Services named as joint liquidators at the same meeting.
A creditors' voluntary liquidation is an insolvent winding-up resolved by the company's members at the request of its directors, without a court order. It is the single largest stream of UK corporate insolvency by volume.
The resolution
The general meeting was held at Charlotte House, 19B Market Place, Bingham, Nottingham, on 21 May 2026 at 2:00 pm. Two resolutions were passed: one to wind up the company voluntarily, and a second appointing Willetts and Brooks as joint liquidators, authorised to act either jointly or severally. The notice was signed by M Y I Patel in his capacity as director.
The liquidators
Willetts holds IP number 9133 and Brooks holds IP number 9105, both licensed insolvency practitioners at Blades Insolvency Services, Charlotte House, 19B Market Place, Bingham, Nottingham. Creditors and other parties may contact Blades Insolvency Services on 01949 831260 or at j.willetts@bladesinsolvency.co.uk.
About the company
Psyche Inc Ltd was incorporated on 27 August 2019 and traded as a wholesale dealer in textiles, the activity covered by SIC code 46410. Its registered office and principal trading address were both at Unit 6 Earls Way, Thurmaston, Leicester, LE4 8DL.
The officers
Two directors are listed at Companies House. Suhel Khansia was appointed on 27 August 2019, the date of incorporation, and remains a current director. Mohammed Yusuf Iqbal Patel was appointed on 1 September 2020 and is also a current director. Neither has a resignation date recorded. Patel signed the winding-up resolution in his capacity as director on 21 May 2026.
No secured charges are registered against the company, and no prior names appear in its history at Companies House.
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 Resolutions for Winding-up)
- Companies House record 12176514
- Editorial standards: how we source and review; five-pass pipeline.
