Antic Design Ltd, Re

Antic Design Ltd, Re

Administration order granted because it is reasonably likely to achieve a better outcome for creditors than liquidation, supported by estimated outcome statement and director's conduct.

Parties
Applicant: Antic Design Ltd; Respondent: HMRC
Jurisdiction
England and Wales
Judgment Date
13 November 2015
Procedural Posture
Administration Application / Judgment
Outcome
Administration order granted
Legal Topics
Administration Order, Insolvency, Creditor Claims, Director's Loan Waiver
Insolvency Company Law Administration Order Creditor Claims Director's Loan Waiver

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Parties

Antic Design Ltd

Applicant

HMRC

Respondent

Procedural Posture

Administration Application / Judgment

Legal Issues

  1. 1 Whether Antic Design Ltd should be placed into administration
  2. 2 Whether administration achieves a better outcome for creditors than liquidation

Ratio Decidendi

Administration order granted because it is reasonably likely to achieve a better outcome for creditors than liquidation, supported by estimated outcome statement and director's conduct.

Court Disposition

Administration order granted

Orders

  • Administration order made
  • Petition to be dismissed