A UK-based tech firm has collapsed into liquidation after six years in business. Heimdal Limited, based in Carterton, West Oxfordshire, provided specialist advisory and technical services in the region for more than half a decade after incorporation in 2020. The company, which is classified under "other professional, scientific and technical activities not elsewhere classified", passed a resolution to wind up voluntarily this month.
Its registered office was initially based elsewhere in Oxfordshire before moving to Carterton, which remained its primary trading address despite another shift to premises in north London. Creditors met to discuss the firm's future on March 13, with Brendan P. Hogan of Cromwell & Co Insolvency Practitioners subsequently appointed as liquidator.
A statement of affairs is being prepared for the creditors, who have been invited to form a liquidation committee to agree on the basis of their remuneration, according to The Gazette.
Liquidation typically means a business ceases trading and its assets are sold to repay creditors, as opposed to administrations, where efforts might be made to rescue the business or secure a sale.
Creditors' Voluntary Liquidation (CVL) is when shareholders decide to put a company into liquidation, but don't have sufficient assets to pay the creditors in full.
In February 2026, CVLs accounted for 78% of all overall insolvencies, and marked a month-on-month increase of 11% from January, but was 3% lower compared to the same month last year, according to official government data.
Hikes in operational costs and wider economic turmoil also saw the number of companies collapsing into administration jump by nearly a third last month, with 30% more firms appointing administrators this February than in 2025.
Amid the high-profile firms that have gone bust this year, impacting thousands of jobs, are American-inspired restaurant chain TGI Fridays and accessories retailer Claire's.
Car park operator NCP joined the growing list on Monday, calling in administrators in response to mounting losses, and putting 682 jobs at risk.
The Express has contacted Cromwell & Co for comment.
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