Theory of Web Ltd enters creditors' voluntary liquidation with Begbies Traynor appointed
Theory of Web Ltd, a Northampton-registered software development business, has entered creditors' voluntary liquidation with joint liquidators from BTG Begbies Traynor (Central) LLP appointed on 29 May 2026. 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 Theory of Web Ltd resolved to wind the company up voluntarily on 29 May 2026, with Ninos Koumettou and Yiannis Koumettou of BTG Begbies Traynor (Central) LLP appointed joint liquidators the same day.
Theory of Web Ltd is a software development business incorporated on 18 November 2015. Its registered office is Suite 501, Unit 2, 94A Wycliffe Road, Northampton, NN1 5JF, which is also the contact address for the liquidators.
The resolution
A general meeting of the company's members was convened and held at 1 Kings Avenue, Winchmore Hill, London, N21 3NA on 29 May 2026. Members passed two resolutions: a special resolution to wind the company up voluntarily, and an ordinary resolution appointing the joint liquidators. Ihsan Sengun, the company's sole director since incorporation, chaired the meeting.
A creditors' voluntary liquidation (CVL) is an insolvent winding-up initiated by the company's members at the directors' request, without a court order. It is the most common form of corporate insolvency in the UK by volume.
The liquidator appointment
Ninos Koumettou, holding IP number 002240, and Yiannis Koumettou, holding IP number 015676, were formally appointed joint liquidators on 29 May 2026. Both practise from BTG Begbies Traynor (Central) LLP at the Northampton address. Either may act alone unless the appointment specifies otherwise.
The appointment was made by members and creditors. Anyone seeking further information on the liquidation can contact Peter Siekkeris on 0208 370 7250 or at Peter.Siekkeris@btguk.com.
The company and its director
Theory of Web Ltd filed its last accounts, made up to 31 August 2024, as a micro-entity. Ihsan Sengun has been the sole director since the company's incorporation on 18 November 2015 and remains in office. No secured charges are registered against the company at Companies House, and no name changes appear on its record.
Creditors wishing to submit a claim should contact the joint liquidators at BTG Begbies Traynor (Central) LLP using the details above.
Common questions
Are you owed money by Theory of Web 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 Theory of Web 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 Theory of Web 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 Theory of Web 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 09877218
- Editorial standards: how we source and review; five-pass pipeline.
