Humberts UK Limited (11367331): administration
- Status
- Administration ended
- Administration began
- 2019-12-10
- Administrators
- Paul W Barber, Paul Stanley
- Administrators' firm
- Begbies Traynor
- Formerly
- The Great UK Property Company Limited
- Incorporated
- 2018-05-17
- Location
- Manchester
- Industry
- 68310 Real estate agencies
Why it went into administration
- Creditor pressure / legal action
- HMRC / tax arrears
From the administrators' statement
Prior to the Joint Administrators’ appointment, they met with the directors to discuss the financial position of the Company, as a winding up petition had been served on them by HM Revenue & Customs (CHMRC’).
Prior to a decision being made by the directors, we were advised that the Company’s bank account had been frozen as a result of the winding up petition, therefore the wages due for November could not be paid the following day, and immediate action needed to be taken.
The proposed Joint Administrators discussed the position further with the directors and HSBC Bank, and advised that the best possible option would be for HSBC to appoint administrators under their qualifying floating charge (due to the fact that the directors lost the ability to appoint administrators following the issuing of a winding up petition), in order to gain immediate control of the business and to limit the damage caused to creditors.
Administrators' statement of proposals (2020-02-04) · Companies House register