A.G. Major. Engineering Solutions Limited (06439573): administration
- Status
- Administration ended
- Administration began
- 2019-09-30
- Administrators
- Emma Mifsud
- Administrators' firm
- Opus Restructuring
- Formerly
- Theon.Co.Uk Limited
- Incorporated
- 2007-11-28
- Location
- Leeds
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
From the administrators' statement
3.1 The Company came under pressure from HMRC to settle tax liabilities that were overdue. The director was unable to source further funding to assist the Company with its cash flow and was not ina position to assist with injecting any further funds of his own and as a result liabilities that fell due remained unpaid. Walsh Taylor were formally engaged by the Company on 20 August 2019 to assist in dealing with a sale of the Company’s business and placing it into administration.
3.2 The board initially resolved on 26 August 2019 to appoint an administrator but the appointment was delayed as a result of the potential sale negotiations becoming protracted. No attempts were made by any creditor during this time to take formal legal action against the Company.
3.3 On 30 September 2019 Emma Louise Mifsud of Walsh Taylor was appointed Administrator of the Company following the filing of a Notice of Appointment of Administrator by the Director.
Administrators' statement of proposals (2019-10-21) · Companies House register