Psynova Neurotech Limited
Psynova Neurotech Limited entered members' voluntary liquidation (MVL) on 20 Oct 2026
Psynova Neurotech Limited (company number 05524107) is a professional services business registered in Norwich, Norwich, incorporated on 1 Aug 2005. McTear Williams & Wood Limited was appointed as liquidator. The record below is built from The Gazette and Companies House and updates automatically when new notices are published.
Key facts
- Company age when the liquidation began
- 21 years and 2 months
- Incorporated 1 Aug 2005; liquidation from 20 Oct 2026
- Last accounts
- Made up to 30 Jun 2025 (total exemption full)
- Covers a period ending 1 year and 3 months before the liquidation began
- Directors
- 1 active director
- Appointed in 2005
- Charges
- None registered
- Appointed practitioner
- McTear Williams & Wood Limited
- Insolvency events on record
- 1
- Recorded 20 Oct 2026
- Liquidation
Members' voluntary (MVL)
McTear Williams & Wood Limited · East of England · Source: Companies House
- Since 1 Aug 2005
BAHN, Sabine, Dr
Director
German · Resident in United Kingdom
- Resigned 15 Aug 2013
BENSON, Thomas Craig
Director
American · Resident in Usa
Appointed 19 Jan 2009 - Resigned 22 Sept 2009
SWAINBANK, Terence
Director
British · Resident in United Kingdom
Appointed 19 Jan 2009 - Resigned 15 Aug 2013
SPAIN, Michael, Dr
Director
Usa · Resident in Usa
Appointed 23 Jun 2008 - Resigned 31 Jan 2009
RAGAN, Charles Ian, Dr
Director
British · Resident in United Kingdom
Appointed 1 Sept 2006 - Resigned 31 Jan 2009
GULATI, Vishal, Dr
Director
Indian · Resident in United Kingdom
Appointed 20 Jul 2006 - Resigned 20 Jul 2006
MATTHEWS, William
Director
British
Appointed 3 Mar 2006 - Resigned 30 Nov 2008
SHAH, Shimi
Director
British
Appointed 3 Mar 2006 - Resigned 31 Jul 2012
RODGERS, Paul Barton, Dr
Secretary
British
Appointed 1 Aug 2005 - Resigned 1 Aug 2005
MITRE SECRETARIES LIMITED
Corporate nominee secretary
Appointed 1 Aug 2005
Showing 10 of 14 officers, current ones first. Full list on Companies House
Companies House data as of 21 Oct 2026
Registered office address
Nature of business (SIC)
- 72110 · Research and experimental development on biotechnology
Previous names
- PSYNOVA LIMITED · 1 Aug 2005 – 17 May 2007
Companies House data as of 21 Oct 2026
No registered charges.
Companies House data as of 21 Oct 2026
Norwich
Norwich
NR1 1RE
Procedure guide
Members' voluntary liquidation (MVL): how it works
A members' voluntary liquidation closes a solvent company, one that can pay all of its debts in full, often because the owners are retiring or the business has run its course. The directors make a statutory declaration of solvency, the shareholders appoint a liquidator, and any surplus is returned to the shareholders. An MVL is not in itself a sign of financial distress.
What happens next
- A majority of the directors make a declaration of solvency stating the company can pay its debts, with interest, within a stated period of no more than 12 months.
- Within five weeks of that declaration, shareholders pass a special resolution to wind up the company and appoint a licensed insolvency practitioner as liquidator.
- The resolution is advertised in The Gazette, and the liquidator gives notice inviting any creditors to submit claims by a set date.
- The liquidator settles the company's debts, obtains tax clearances, and distributes the remaining assets to shareholders in cash or by transferring assets to them directly (in specie).
- The liquidator files a final account at Companies House, and the company is normally dissolved about three months later.
Typical duration
Often 6–12 months, depending mainly on how quickly tax clearances are obtained and assets are distributed.
Creditors and suppliers
- Because the company is solvent, creditors are expected to be paid in full, together with statutory interest for the period after the liquidation began.
- Creditors can send details of their claim to the liquidator by the date in the Gazette notice, after which the liquidator may distribute to shareholders without regard to later claims.
- If the liquidator concludes the debts cannot be paid in full within the declared period, the liquidation is converted into a creditors' voluntary liquidation.
- Ongoing contracts such as leases and supply agreements are typically ended or settled during the liquidation, with any amounts due paid as debts.
Employees
- Many companies entering an MVL have few or no employees, as trading has usually stopped or the business has already been sold.
- Any staff still employed are usually made redundant, and because the company is solvent their contractual and statutory entitlements are normally paid in full.
- The Redundancy Payments Service is rarely involved, because a solvent company in an MVL is expected to pay its staff's entitlements in full itself.
- Where the business was sold before the liquidation, the TUPE rules, which normally move staff to the buyer of a business, may have transferred them on their existing terms and conditions.
Customers
- An MVL usually follows the end of trading or a sale of the business, so few customer orders are normally still outstanding.
- Any refunds, deposits or other amounts owed to customers are claims against a solvent company and are normally paid in full.
- Where the business was sold, customers whose contracts continue typically deal with the buyer rather than the liquidator.
- Manufacturer guarantees are unaffected, but services the company itself promised to provide may end when the company is closed.
Directors and shareholders
- Making a declaration of solvency without reasonable grounds is a criminal offence, and debts left unpaid after the stated period create a presumption that grounds were lacking.
- Directors' powers end when the liquidator is appointed, unless the shareholders or the liquidator agree that particular powers can continue.
- Shareholders receive the surplus after debts and costs are paid, sometimes through interim distributions before the liquidation formally closes.
- Distributions in an MVL are often taxed as capital rather than income, depending on each shareholder's circumstances, and anti-avoidance rules can apply where a shareholder goes on to run a similar trade.
- A director conduct report is generally not required in an MVL, unlike an insolvent liquidation, unless it is converted into a creditors' voluntary liquidation.
- These are general rules that apply in every case of this type. They do not suggest that any director of this company has acted improperly.
Official guidance
General information about how this type of procedure usually works, not legal or financial advice about this company or your own situation.
Earlier and later professional services liquidations
- Synergy Pharma Consulting Limited20 Oct 2026
- Archimode Limited20 Oct 2026
- Apex Molecular Limited20 Oct 2026
- Allely Eden Holdings Limited20 Oct 2026
- Psynova Neurotech Limited20 Oct 2026
- Ideal Industries Holdings Limited20 Oct 2026
- Mbl (Business and Tax Advisers) Ltd20 Oct 2026
- Rfl Consulting Limited20 Oct 2026
- Abi Systems Limited20 Oct 2026