Morganash Limited (04955931): administration
- Status
- In administration
- Administration began
- 2025-06-18
- Administrators
- Molly Monks
- Administrators' firm
- Parker Walsh Corporate Recovery
- Formerly
- Hallco 957 Limited
- Incorporated
- 2003-11-06
- Location
- Bramhall
- Industry
- 66190 Activities auxiliary to financial intermediation n.e.c.
Why it went into administration
- HMRC / tax arrears
From the administrators' statement
It became apparent that there was no prospect of the Company being in a position to settle the outstanding debts, and the Director decided to seek advice from a licensed Insolvency Practitioner. Parker Walsh was first contacted by Andrew Gething on 15 April 2025 to discuss the financial situation of the Company and the options available. Parker Walsh was instructed by Andrew Gething on 6 May 2025 to assist in placing the Company into Administration.
Prior to the commencement of the Administration, Parker Walsh acted as advisors to the Company as a whole acting on behalf of the Company. No advice was given to the individuals regarding the impact of the insolvency of the Company on their personal financial affairs. While not formally in office at that time, Molly Monks was still required to act in its dealings with the Company in accordance with the Insolvency Code of Ethics.
As an Insolvency Practitioner, when carrying out all professional work relating to an insolvency appointment, Molly Monks is bound by the Insolvency Code of Ethics, as well as by the regulations of my professional body. Molly Monks confirms that she has not identified any threats to the ethical fundamental principles in respect of this case.
Administrators' statement of proposals (2025-07-23) · Companies House register