Date of Birth: 8 / 8 / 1970

Date Order Starts: 29 / 10 / 2018

Disqualification Length: 4 Years 0 Month(s)

CRO Number: 07704232

Last Known Address: Admirality House, Pound Lane, Ugley, , BISHOP'S STORTFORD, CM22 6HP

Conduct: Natalie Jayne Morrell (“Mrs Morrell”) allowed Morrco Solutions Limited (“Morrco”) to trade and enter into transactions to the benefit of her fellow directors and to the detriment of creditors at a time Morrco was insolvent and steps were being taken to arrange a company voluntary arrangement (“the CVA”) and allowed Morrco to continue to trade in a like manner in the CVA to the detriment of creditors generally in that:

  • In March 2016 winding up petitions were issued at Court by 2 creditors of Morrco.
  • On 13 April 2016 Morrco’s insolvent position was discussed with an Insolvency Practitioner and it was agreed a CVA should be sought with Morrco’s creditors.
  • On 20 May 2016 a CVA was approved by creditors in which trade creditors were due £602,389 and HMRC £618,000.
  • From 20 May 2016 to the appointment of the Administrator on 24 January 2017 Morrco incurred additional unpaid liabilities to trade creditors and HMRC and was traded in breach of the terms of the CVA. At the administration trade creditors were due £838,882 and HMRC at least £991,991.
  • During the period from 13 April 2016 to 20 January 2017 Morrco’s funds were used to pay £244,553 net to her fellow director and husband and £33,361 to a second director. 

    This information is correct as at 11 / 10 / 2018

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