Mannarest Ltd, Re [2026] EWHC 326 (Ch) (18 February 2026)

Mannarest Ltd, Re [2026] EWHC 326 (Ch) (18 February 2026)

The company was cash-flow insolvent and administration was likely to achieve a better result for creditors than liquidation. The statutory requirements for administration and for court permission to distribute to unsecured creditors were satisfied. The court exercised its discretion to grant the orders sought.

Citation
[2026] EWHC 326 (Ch)
Parties
Applicant: David Gerrard Kirk; Applicant: Daniel Jeeves
Jurisdiction
England and Wales
Judgment Date
18 February 2026
Procedural Posture
Insolvency Application / Judgment on Application for Administration Order and Related Relief
Outcome
Application granted
Legal Topics
Administration Order, Liquidation, Distribution to Creditors, Removal and Release of Liquidators
Insolvency Company Law Administration Order Liquidation Distribution to Creditors Removal and Release of Liquidators

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Parties

David Gerrard Kirk

Applicant

Daniel Jeeves

Applicant

Procedural Posture

Insolvency Application / Judgment on Application for Administration Order and Related Relief

Legal Issues

  1. 1 Whether the company should be placed into administration under Insolvency Act 1986, Sch B1, para 38
  2. 2 Whether the joint liquidators should be removed and released
  3. 3 Whether administrators should be permitted to make distributions to unsecured, non-preferential creditors

Ratio Decidendi

The company was cash-flow insolvent and administration was likely to achieve a better result for creditors than liquidation. The statutory requirements for administration and for court permission to distribute to unsecured creditors were satisfied. The court exercised its discretion to grant the orders sought.

Court Disposition

Application granted

Orders

  • Company placed into administration
  • Applicants appointed as joint administrators with all powers under the schedule and the 1986 Act, to be exercised jointly or severally