HMRC initiates winding up proceedings against Genwise Ltd
1 report, 1 independent
Updated Oct 6
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What happened
HM Revenue and Customs petitioned to wind up Genwise Ltd, the company behind Lime House School, on December 12, 2025. Newly filed accounts show that Genwise Ltd recorded net liabilities of £578,440 at the end of 2025, a deterioration of almost £747,000 from the previous year's net assets of £168,508. The company reported no cash at bank or in hand at year end.
From newsandstar.co.uk
Why it matters
The winding up proceedings follow a sharp decline in the company's financial position, with liabilities due within one year reaching £1,377,060. The insolvency of the school operator could reduce local economic activity in the area where it operated.
From newsandstar.co.uk
Who's involved
- Companies HouseThe official legal registry where the company must undergo formal dissolution processes
- DalstonThe locality where Genwise Ltd operated its school
- HackneyThe area potentially affected by the school's closure
Keep exploring
The entities involved
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Companies House
registration authority for companies in the UK
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Dalston
village and civil parish in Cumbria, England