MIP Trading 1975 Ltd Enters Administration

On 15 October 2026, a statutory notice published in The Gazette confirmed that MIP Trading 1975 Ltd has entered administration under Schedule B1 to the Insolvency Act 1986. The proceedings are registered in the High Court of Justice Business and Property Division, Insolvency and Companies List in Leeds, under case reference CR-2026-000998.

When a retail distributor or merchant enters administration, counterparties face immediate contractual suspension under statutory moratorium rules. Suppliers and lenders dealing with the entity must adjust their exposure swiftly, verify security, and establish contact with the appointed administrators.

Gazette notice details

The Gazette notice records the formal commencement of administration for the entity. The specific details published in the public record include:

| Record Field | Published Detail |

| :--- | :--- |

| Company Name | MIP TRADING 1975 LTD |

| Company Number | 15763152 |

| Gazette Notice Date | 15 October 2026 |

| Notice Code | 2410 (Appointment of administrators) |

| Court | High Court of Justice, Business and Property Division, Insolvency and Companies List in Leeds |

| Case Number | CR-2026-000998 |

| Appointing Party | [Shown in the creditor report →](#offers-creditor) |

| Appointed Administrators | [Shown in the creditor report →](#offers-creditor) |

| Administrator Firm | [Shown in the creditor report →](#offers-creditor) |

Company snapshot

Public filings on Companies House show that MIP Trading 1975 Ltd was incorporated on 5 June 2024. The company operates under Standard Industrial Classification (SIC) code 47721, designated for the retail sale of footwear in specialised stores.

Directors and ownership

Public register filings record significant changes in corporate governance and ownership since the entity's incorporation in June 2024.

Current and Former Directors

Persons with Significant Control (PSC)

According to the PSC register, beneficial control transitioned across several corporate and individual entities:

What administration means for creditors and customers

This summary provides general statutory information only and does not constitute legal or financial advice.

Entering administration creates an automatic statutory moratorium under Paragraph 43 of Schedule B1 to the Insolvency Act 1986. Creditors cannot initiate or continue legal proceedings, enforce security, repossess hire-purchase goods, or petition for winding up against the company without the consent of the administrators or permission of the court.

Day-to-day managerial powers pass from the directors to the court-appointed administrators. The administrators act as officers of the court and agents of the company to achieve one of three statutory purposes: rescue the company as a going concern, achieve a better result for creditors as a whole than in immediate liquidation, or realise property to make a distribution to secured or preferential creditors. Creditors wishing to submit proofs of debt or assert proprietary retention of title claims must submit evidence directly to the administrators once complete appointment particulars are finalised.

Action framework for trade creditors and suppliers

Commercial parties exposed to a retailer entering administration should follow a disciplined verification sequence:

1. Freeze credit terms: Cease deliveries on open account immediately and review outstanding purchase orders.

2. Run insolvency checks: Conduct an official winding up search to ensure no prior compulsory liquidation petitions or concurrent court actions complicate the administration.

3. Assess Retention of Title (ROT): Identify any unpaid footwear or stock on retail premises. Compile purchase contracts, delivery receipts, and invoices containing explicit ROT wording before stock is integrated or liquidated.

4. Log unsecured claims: Calculate outstanding sums, compile VAT records, and prepare a formal proof of debt for submission to the joint administrators.

5. Monitor parent entities: Establish ongoing surveillance over related corporate shareholders, including Agency Acquisitions Limited.

Illustrative Creditor Scenario

Consider an independent footwear wholesaler that delivered £40,000 in autumn inventory on 30-day terms two weeks prior to an administration order. Upon publication of the court listing, the moratorium blocks standard county court judgment (CCJ) recovery or statutory demands.

If the supplier has enforceable retention of title clauses, they must immediately serve notice of their proprietary claim on the administrators before inventory counts are finalised. Without registered security or ROT, the claim drops to unsecured status, payable strictly pro-rata from net realisations via the prescribed part after administrator fees and preferential employee or HMRC claims.

Manual corporate checks vs automated intelligence

Legal and credit risk teams traditionally confirm insolvency events manually. Professionals check The Gazette, search the Companies House WebFiling database, and telephone the court registry to confirm whether a petition has matured into an administration or winding-up order.

This manual workflow presents operational vulnerabilities. By the time an administration notice appears in formal press cycles, days or weeks may have elapsed since court presentation under court number CR-2026-000998. During that window, goods may be shipped on credit or debtor balances compromised. Performing a timely winding up search and tracking court cause lists directly eliminates information latency.

Corp Intel consolidates court cause lists, Gazette notices, and Companies House electronic filings into an integrated intelligence stream. Setting up free company monitoring allows risk officers to detect board changes, charge registrations, and insolvency filings automatically without manual register audits.

For credit teams and suppliers

Credit underwriters and legal advisers must confirm an entity's standing before releasing consignments, extending facilities, or restructuring commercial leases. Overlooking an insolvency petition or court filing exposes credit teams to unrecoverable unsecured debt and clawback claims. Conducting a formal winding up petition search prior to extending trade credit provides an essential, auditable safeguard against high-risk counterparties.

Recent filings and Gazette activity

FAQ

What court is handling the administration of MIP Trading 1975 Ltd?

The case is filed in the High Court of Justice Business and Property Division Insolvency and Companies List in Leeds, under court reference CR-2026-000998.

Can creditors still issue a winding-up petition against the company?

No. Under Schedule B1 of the Insolvency Act 1986, an administration order creates an immediate statutory moratorium prohibiting winding-up petitions, court proceedings, and enforcement actions without administrator consent or court approval.

How does a counterparty verify if other insolvency actions exist?

Credit teams should run a dedicated winding up search across the Central Registry of Winding-Up Petitions to inspect active or past petitions filed against the entity.

What happens to suppliers with retention of title claims?

Suppliers with valid retention of title terms must contact the administrators immediately with supporting contracts, delivery notes, and inventory identification schedules to substantiate ownership before assets are sold.

Who currently controls MIP Trading 1975 Ltd?

As of 20 May 2026, the public register records Agency Acquisitions Limited as the corporate person with significant control holding 75% to 100% of shares and voting rights, with Daniel Arturo Corcos Baraad serving as director. However, upon administration, executive control shifts to the court-appointed insolvency practitioners.

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