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Parrot PAY Limited (12369213): administration

Status
Administration ended
Administration began
2022-01-05
Administrators' firm
FRP Advisory
Incorporated
2019-12-18
Location
Leeds
Industry
78200 Temporary employment agency activities

Why it went into administration

From the administrators' statement

The Company was incorporated on 18 December 2019 and operated as an umbrella company, with a focus on the nursing/ healthcare sector.

On 6 December 2021, advice was sought from FRP Advisory (“FRP”) regarding the Company's financial position and this culminated in FRP being instructed to place the Company into Creditors’ Voluntary Liquidation (“CVL’). Notices were issued by FRP on 23 December 2021, shortly after HMRC had obtained a Freezing Order against the Company on 21 December 2021, convening a decision process on 11 January 2022 to put the Company into CVL. Subsequently on 5 January 2022, the Company was, in fact, placed into administration by the director with Glyn Mummery and Paul Allen of FRP being appointed joint administrators. We have been provided with notes by FRP which set out that the decision of the director to place the Company into Administration followed advice taken by the director from Mishcon De Reya Solicitors (“MDR”). At the time of circulating these proposals, despite several requests for MDR’s files and documentation, these have not been provided and it is unclear what specifically prompted the unusual decision to place the Company into Administration prior to the CVL decision process that had been properly convened.

On 12 January 2022, HMRC wrote to FRP to request that a decision procedure be called under Paragraph 97 of Schedule B1 to the Act to deal with the removal of Glyn Mummery and Paul Allen as joint administrators, to be replaced by Jason Ainge and Paul Stanley of Begbies Traynor.

Administrators' statement of proposals (2022-03-09) · Companies House register

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Parrot PAY Limited (12369213)

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