UK Steelfixers Ltd
The court declined to make an administration order due to concerns about post-petition transactions and prepack arrangements, determining that liquidation was more appropriate to allow investigation of those transactions under section 127.
- Parties
- Company: UK Steelfixers Ltd; Petitioner: HMRC; Proposed Purchaser: Mr Mark Harrison; Director: Mr Morrison; Applicant's Counsel: Mr M Weaver
- Jurisdiction
- England and Wales
- Judgment Date
- 23 July 2012
- Procedural Posture
- Insolvency / Judgment on Administration Application
- Outcome
- Application for administration order refused; winding-up order made.
- Legal Topics
- Administration Order, Winding Up, Post Petition Dispositions, Section 127 Insolvency Act 1986, Prepack Sale
Case Brief
Summary, issues, holding and outcome
More case intelligence is available
Unlock the full research layer for this judgment.
Parties
UK Steelfixers Ltd
Company
HMRC
Petitioner
Mr Mark Harrison
Proposed Purchaser
Mr Morrison
Director
Mr M Weaver
Applicant's Counsel
Procedural Posture
Insolvency / Judgment on Administration Application
Legal Issues
- 1 Whether an administration order should be made or the company should be wound up
- 2 Validity of post-petition dispositions under section 127 Insolvency Act 1986
- 3 Appropriateness of prepack sale to Mr Harrison's company
Ratio Decidendi
The court declined to make an administration order due to concerns about post-petition transactions and prepack arrangements, determining that liquidation was more appropriate to allow investigation of those transactions under section 127.
Court Disposition
Application for administration order refused; winding-up order made.
Orders
- Winding-up petition removed to Birmingham court.
- Compulsory winding-up order made.
Full Case Text
Judgment text and source record
Sign in to read
Sign in to read the full judgment text
Sign in to read the full judgment text. Downloads and additional research tools may depend on your plan.
Sign in to read the full judgment