Manorwood Joinery Limited (09043652): administration
- Status
- Administration ended
- Administration began
- 2018-02-09
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2014-05-16
- Location
- Salisbury
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated in May 2014 as a result of the directors forming a management “puyout” following Peter Jackson of C M B Partners LLP appointment as Administrator of Synagia Home Solutions Limited. Note that the proposais filed at Companies House by the Administrator of Synagia Home Solutions Limited state that the deadline for the management buyout passed without any formal offer from the employees.
The Company traded from a leasehold premise in Salisbury and completed joinery work for private individuals. As at the date of insolvency there were 13 employees. All employees automatically transferred across to the purchaser in accordance with Transfer of Undertakings (Protection of Employment) Regulations. This mitigated claims against the Company totalling £28k and £37k for redundancy pay and payment in lieu of notice respectively.
The Company’s purpose in its first year of trading was primarily to honour all outstanding orders from the previous entity and to re-brand and re-launch its name into the industry. The emphasis on marketing and re-branding the business was also a primary focus in the Company’s second year in order to establish long term partnerships.
Administrators' statement of proposals (2018-03-22) · Companies House register