Business & Technology
Oxfordshire building firm being wound up with £75K debts
A winding-up order was passed for Moreton Building & Construction Ltd on July 22, after an initial petition was filed on March 13.
Its current registered office is on John Morris Road in Abingdon, although it has also been based in Kidlington over the past six years.
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Its nature of business was listed as development of building projects.
The order to wind-up follows a petition by commissioners for HM Revenue and Customs – who claimed to be creditors of the company – to the High Court of Justice’s Chancery Division.
The petition from the taxman was for the company to be wound-up, with the case having been scheduled to occur on April 29.
Kidlington High Street where Moreton was once based (Image: Google Maps)
Following this, the winding-up order was issued only a week or so ago with a liquidator having been appointed, who did not wish to comment on the case.
Moreton’s latest accounts on Companies House are for October 31, 2022, which logged creditors falling within a year of £74,811 and two employees.
Since then there have been multiple notices to strike the business off and in 2024 Wayne Moreton was removed as a director.
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LexLaw says that a winding-up order places a company into compulsory liquidation and has immediate legal and financial consequences for directors, creditors, and employees.
Directors’ powers subsequently cease, except where expressly permitted by the liquidator or the court.
They must not take steps to manage the company, pay creditors, or deal with assets.