# MGC Hayles Limited (08072881)

> Why UK company 08072881 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08072881

- **Status:** Administration ended
- **Administration began:** 2015-07-24
- **Administrators:** Nicholas Charles Osborn Lee, Dean Anthony Nelson
- **Administrators' firm:** SC Advisory Sevices
- **Formerly:** MGCH Ltd
- **Incorporated:** 2012-05-17
- **Location:** Derby
- **Industry:** 69201 Accounting and auditing activities

## Why it went into administration

- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action

## From the administrators' statement

As stated in paragraph 12 above, the Company acquired the busimess of Hayles & Partners Limited, in November 2012

Following a series of unexpected events and the difficulties encountered in merging the two businesses, it was clear, by summer 2015, that the Company was 1n financial distress and the management team were actively seeking additional funding to support the struggling cash flow

Despite best efforts the Company was unable to secure funding and upon receipt of a winding up-petition in June 2015, from HMRC, this clearly indicated that the Company was, 1n effect, unable to pay its abilities as and when they fall due

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08072881/filing-history/MzEzNTM4MzkyOWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08072881

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.