Creditors' voluntary liquidation · 8 August 2022
MID Group Services
Housebuilder · London · Greater London
What happened
MID GROUP SERVICES LIMITED (company number 12392554), incorporated in 2020, entered creditors' voluntary liquidation on 8 August 2022. Its status at Companies House is now: liquidation.
Why it failed
Its staff were contracted out to the parent, Mid Holding Co UK Limited; when the parent entered administration their services were no longer needed and all 85 were made redundant.
- Main reason: Group company failed
Our summary of the reasons given in the liquidators' progress report. This records the liquidators' account of what happened.
The directors and shareholders decide to close an insolvent company. A liquidator sells its assets and shares the proceeds among creditors.
Timeline
The last accounts and payment report before the failure, then what happened, with the time between each.
31 December 2020
Last accounts filed were made up to this date
20 months later
8 August 2022
Creditors' voluntary liquidation started (shareholders resolved to wind up)
4 years later
14 January 2027
Due to be dissolved
AccountsPayment reportInsolvency
Before it failed
Key figures
- Owed to unsecured creditors (estimated), as at 2 August 2022
- £169k
- of which trade creditors £1k. HMRC owed £2.2m. a further £1.5m owed to its lenders. Expected return to unsecured creditors: none expected
- Statement of affairs (liquidation)
The last accounts filed were small company accounts made up to 31 December 2020, 19 months before it failed.
The full filing history, including any late filings, charges and director changes, is on Companies House.
Lessons learned report
We're writing plain-English reports on major construction failures: who was involved, why it happened, the warning signs and how long they were visible, and what to look out for next time.
Sign up to be told when reports are outIn the news
We haven't matched any press coverage to this company yet. Search the news for MID Group Services.