Morgans Insurance Broking Ltd (02709599): administration
- Status
- Administration ended
- Administration began
- 2013-02-15
- Administrators
- Brian N Johnson, Nicholas H O'Reilly
- Administrators' firm
- RSM
- Formerly
- Morgans General Insurance Services Limited; M. Seth Limited
- Incorporated
- 1992-04-24
- Location
- London
- Industry
- 66220 Activities of insurance agents and brokers
Why it went into administration
- Regulatory change or action
From the administrators' statement
11 Morgans Insurance Broking Limited (“the Company”) was established in Apmil 1992 It was authorised by the Financial Services Authonty (“FSA”) and its principal objectives were to provide general insurance broking services and to act as an authorised body for various authorised representatives, whom provided independent financial advice
12 Before November 2009, the Company only provided general imsurance broking services However, in November 2009, a connected company, Morgans Independent Advisers ple (“MIA”) was placed into administration and Morgans IFA LLP (“MIFA”) purchased the independent finactal advisory business from the Joint Administrators of MLA
13 The administration of MIA was handled by Tenon Recovery and MIA 1s now 1n liquidation The liquidation ts also being handled by what 1s now RSM Tenon Recovery
Administrators' statement of proposals (2013-05-03) · Companies House register