UK aviation firm crashes into liquidation – almost 10 years in business | UK | News

An aircraft sales company in the United Kingdom has gone into liquidation after nearly a decade of operation. P3R Aviation Limited, based in Glenthroes, Scotland, has appointed liquidators to “bring its affairs to an orderly conclusion” before ceasing trading this month. The firm has been involved in the sale of machinery, industrial equipment, ships and aircraft for nearly 10 years after it was founded in June 2017, according to Companies House.

At a meeting held before the application for liquidation, company members voted for the business to be wound up voluntarily, with all debts paid in full. Reporter. Graham Smith and Callum Carmichael of FRP Advisory were appointed to initiate a Members’ Voluntary Liquidation (MVL) on 10 March and began taking steps to “formally dissolve the company”.

A spokesman for the liquidators said: “The company, which operates in the aviation sector, ceased trading prior to appointment following a decision by its members to bring its affairs to an orderly conclusion by terminating the business.”

They added: “All known creditors of the company are now fully settled. The joint liquidators are currently taking the remaining legal and administrative steps required to complete the liquidation process and formally dissolve the company.”

The MVL function is used by members or shareholders to close a business despite its solvency or to pay its debts in full.

Liquidation usually means that a business ceases trading and its assets are sold to pay off creditors, as opposed to administration where efforts may be made to save the business or secure a sale.

In February 2026, Creditors Voluntary Liquidations (CVLs), a bankruptcy process used to shut down a company unable to pay its debts, accounted for 78% of all overall bankruptcies.

According to official government data, the number of CVLs increased by 11% compared to January 2026, but was 3% lower than the same month last year.