Insurers react to events, one of which is deteriorating performance and financial instability. Not paying HMRC or suppliers is one aspect of this.
No good blaming credit insurers or HMRC demanding its money. The fault lies in the business itself, the model, its historical trajectory and path and the very nature of what it does.
My experience has always been that businesses bought for just £1 offer just one thing- an opportunity to make some fast money, strip out certain assets and distance parts of the business that may have greater shelf life. Misco, as a brand and a business model is a throw back and cannot change sufficiently to move into new areas and activity.