Sky News reports Monarch Aircraft Engineering (MAEL), which continued operating despite the demise of Monarch Airlines last October, is bracing for a winding-up petition from the tax office.
A winding-up petition could give way to a compulsory liquidation order, which would see the firm broken up and its assets sold before being dissolved.
Monarch Airlines fell spectacularly into administration this time last year, leaving 110,000 passengers stranded overseas and sparking the largest peacetime repatriation programme in British history.
According to Sky, HMRC is preparing to take action against MAEL over an unpaid tax bill.
The company employs more than 800 and provides vital engineering services to the aviation sector in Britain, working with a range of airlines.
MAEL though says it has not been served or made subject to a winding-up petition or order, or “any other form of administration or insolvency process”.
Not only do the reports come exactly a year after the Monarch Airlines failure, it comes the same week Primera Aid also filed for bankruptcy, ceasing all operations at midnight on Tuesday (October 2).
