Mannarest Ltd, Re
All statutory requirements for administration order were met; company was cash-flow insolvent, administration would likely rescue the company or achieve a better result for creditors, and court permission for distributions to unsecured creditors was justified under established criteria.
- Parties
- Applicant: David Gerrard Kirk; Applicant: Daniel Jeeves; Company: Mannarest Ltd
- Jurisdiction
- England and Wales
- Judgment Date
- 18 February 2026
- Procedural Posture
- Insolvency Application / Judgment
- Outcome
- application granted
- Legal Topics
- Administration Order, Liquidator Removal, Distribution to Unsecured Creditors
Case Brief
Summary, issues, holding and outcome
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Parties
David Gerrard Kirk
Applicant
Daniel Jeeves
Applicant
Mannarest Ltd
Company
Procedural Posture
Insolvency Application / Judgment
Legal Issues
- 1 Whether the company should be placed into administration
- 2 Whether the joint liquidators should be removed and released
- 3 Whether permission should be granted for distributions to unsecured creditors
Ratio Decidendi
All statutory requirements for administration order were met; company was cash-flow insolvent, administration would likely rescue the company or achieve a better result for creditors, and court permission for distributions to unsecured creditors was justified under established criteria.
Court Disposition
application granted
Orders
- Company placed into administration
- Applicants appointed as joint administrators
Full Case Text
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