mbi: Limited liability is a legal structure that means business owners' private assets are not at risk when a company fails, according to The Guardian. Barber ordered that two Woodhouse care home businesses MBI Clifton Moor Ltd and MBI Hawthorn Care Ltd along with the entrepreneur's planned 200m adventure resort, Afan Valley Ltd, be placed instantly into interim administration. I am entirely satisfied by the evidence before me that this court must take immediate action. Powers that Woodhouse possessed as a director were immediately removed and administrators from the insolvency firm Duff & Phelps will take over the running of the companies until a full hearing. The judge said This is not just insolvency it is what has been going on behind the curtain of limited liability. At that point, Barber said, the companies should be under no misapprehension as to their fate when they will end up in some form of insolvency.
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