UK steel firm set to collapse into liquidation – in business for 11 years

A UK steel engineering and fabrication business has taken steps towards Creditors’ Voluntary Liquidation, according to official filings. LK Engineering Limited, which trades from 69 Parkview Drive in Liverpool, is holding a virtual meeting of creditors on May 14, 2026, at 10am.

The process was initiated under the Insolvency Act 1986, with joint insolvency practitioners Rikki Burton (IP No. 14430) and Jasmine Baxter (IP No. 31870) of Anderson Brookes Insolvency Practitioners Limited, based in Chorley, Lancashire, named to handle the matter. The company’s nature of business is listed as “Repair of machinery” (SIC 33120). Its registered office and principal trading address are both at the Liverpool location. Director Leigh Alfred Wood signed the notice.

The meeting will allow creditors to consider resolutions, including the liquidators’ terms of remuneration, and to receive information or approve costs related to the statement of affairs and convening the meeting.

Creditors can participate virtually, vote in person or by proxy, and must submit proof of debt by the required deadline.

Incorporated on January 12, 2015, the firm has been in business for 11 years. It has been associated with steel fabrication, engineering, and welding services, including work on structural steelwork, mezzanine floors, staircases, fire escapes, balustrades, gates, fencing, and bespoke metalwork projects for commercial, industrial, and domestic clients across areas such as Chesterfield, Sheffield, and nationwide.

The filing does not detail specific reasons for the insolvency. No formal statement from the company has been yet been issued. The business has been approached for comment.

In a Creditors’ Voluntary Liquidation, directors acknowledge the company is insolvent or no longer viable, leading to the appointment of liquidators to realise assets, investigate affairs, and distribute proceeds to creditors according to insolvency rules. This typically results in the cessation of trading and any necessary staff redundancies.

Anderson Brookes Insolvency Practitioners will manage the process.

The situation reflects pressures faced by UK engineering and fabrication firms, including costs, margins, and market conditions, even for businesses offering specialist services like coded welding and compliant structural work.

Further updates are expected through formal notices as the liquidation proceeds. The company and appointed practitioners have been contacted for comment.