Hartlepool-Linked Security Firm Collapses With £80k Worth of Debts....
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Security firm collapses with HMRC and suppliers owed thousands of pounds.
28th August 2026
A security company with links to Hartlepool has entered liquidation with a statement of affairs showing an estimated deficiency on the firms books of more than £80,000, with HM Revenue & Customs, a bank and security industry suppliers among those listed as creditors.
Documents filed at Companies House for Euro Security Limited, which also traded as Euro Security and Euro Fire & Security, show that a statement of affairs was drawn up on the 4th of August 2026 as part of the formal winding-up of the company, with the company appearing to have little in the way of readily realisable assets compared with the money owed to its creditors.
£17,000 director’s loan among assets
The company’s assets reportedly include just £200 pounds worth of stock and £150 pounds worth of furniture and equipment.
An overdrawn director’s loan account with a book value of £17,000 is also said to be outstanding, with the statement recording estimated assets available to preferential creditors as Zero
The company also owed substantial sums to HMRC. The statement records £4,354.71 in VAT and £7,160.74 in PAYE being owed, while a further £38,000 pounds in business corporation tax liability appears on the following page.
The statement records unsecured creditor liabilities of £80,445.74 and, after taking account of the company’s £200 issued share capital, a total estimated deficiency of £80,645.74 is outstanding.
HMRC, HSBC and security suppliers among creditors
Amongst the large debts owed to HMRC which are likley to be shouldered by the public purse, Security supplier ADI Global is listed as being owed £10,337.14, while Middlesbrough-based Dynamic CCTV is shown as owed £3,596.15, with HSBC Bank also shown as being owed £16,997.
Taken together, HMRC alone appears to be owed almost £50,000, making the taxpayer one of the largest creditors in the collapse.
The liquidator will now be responsible for examining the company’s financial affairs, attempting to realise what available assets are there and distributing any funds recovered in accordance with insolvency law, however its widely expected that creditors will see little…. if anything back they’re owed as yet another local business collapses & calls for tighter legislation on failing businesses leaving the tax payer to foot the bill grow.
