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Company voluntary arrangement · 18 December 2012

MPG Group

Developer · Waltham Cross · East Anglia

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What happened

MPG GROUP LTD (company number 01157253), incorporated in 1974, entered company voluntary arrangement on 18 December 2012. Its status at Companies House is now: liquidation.

The company agrees a deal with its creditors to repay some or all of its debts over time while it keeps trading.

Previously known as: M.P.G. CONTRACTS LIMITED, M.P.G. PLASTERING LIMITED.

Timeline

The last accounts and payment report before the failure, then what happened, with the time between each.

  1. 31 December 2011

    Last accounts filed were made up to this date

    12 months later

  2. 18 December 2012

    Company voluntary arrangement started

    7 months later

  3. 26 July 2013

    Administration started

    12 months later

  4. 21 July 2014

    Administration ended

  5. 21 July 2014

    Creditors' voluntary liquidation started (shareholders resolved to wind up)

    5 months later

  6. 15 December 2014

    Company voluntary arrangement ended

AccountsPayment reportInsolvency

Before it failed

Key figures

Turnover in its last accounts, year to Dec 2011
£46.3m
Accounts at Companies House
Loss before tax, year to Dec 2011
£317k
Accounts at Companies House
Staff, year to Dec 2011
109
Accounts at Companies House
Net assets, year to Dec 2011
£5.0m
Accounts at Companies House
Owed to unsecured creditors (estimated), as at 26 July 2013
£7.5m
of which trade creditors £4.3m. HMRC owed £1.5m. Expected return to unsecured creditors: uncertain
Statement of affairs (includes £1.2m owed to a group company)

The last accounts filed were full accounts made up to 31 December 2011, 12 months before it failed.

The full filing history, including any late filings, charges and director changes, is on Companies House.

Lessons learned report

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In the news

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