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England and Wales High Court (Chancery Division) Decisions
You are here: BAILII >> Databases >> England and Wales High Court (Chancery Division) Decisions >> MTB Motors Ltd, Re  EWHC 3751 (Ch) (26 November 2010)
Cite as:  EWHC 3751 (Ch)
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MANCHESTER DISTRICT REGISTRY
1 Bridge Street West
B e f o r e :
sitting as a Judge of the High Court
|M.T.B. MOTORS LIMITED (IN ADMINISTRATION) Re:|
Clifford's Inn, Fetter Lane, London EC4A 1LD
Tel: 020 7269 0370
Crown Copyright ©
JUDGE HODGE QC:
'M.T.B. Motors Ltd is authorised by the FSA to carry on insurance mediation activities including holding insurance mediation client money. I understand that the directors of the company wish to place the company into administration and that they ask you, the addressee, Mr Poxon, and Mr J M Titley to act as joint administrators under paragraph 22 of Schedule B1 to the Insolvency Act 1986. You and Mr J M Titley have confirmed to us your suitability to act as such and belief that it is reasonably likely that administration will achieve a better result for the company than would be likely if it were wound up. For the purpose of Section 362A of the Financial Services and Markets Act 2000, and having considered the information provided by the administrators, the FSA gives consent to the appointment.'
'a person who appoints an administrator of a company under paragraph 22 shall file with the court
(a) a notice of appointment, and
(b) such other documents as may be prescribed.'
End of Judgment.