J Morgan & SON Limited (05416748): administration
- Status
- Administration ended
- Administration began
- 2016-09-29
- Administrators
- Gareth Rutt Morris, Andrew Martin Sheridan
- Administrators' firm
- FRP Advisory
- Incorporated
- 2005-04-07
- Location
- Bristol
- Industry
- 45200 Maintenance and repair of motor vehicles
Why it went into administration
- Management failings / irregularities
From the administrators' statement
A review of the Company's secured creditor, FCF, identified a number of anomalies within its client portfolio which resulted in FCF’s lender LABL seeking the advice of FRP Advisory LLP. This culminated in the appointment of Geoff Rowley and Russel Cash of FRP Advisory LLP being appointed Joint Administrators of FCF on 19 September 2016
Following investigations and discussions with Darran Matthews, it was established that there were significant accounting irregularities in the Company's books and records.
In view of the anomalies discovered, LABL wanted to ensure they gained control over the records of the Company to protect their position and preserve any value in the
Administrators' statement of proposals (2016-12-01) · Companies House register