Justice Keane accepted House Movers' carelessness lay in "failing to educate and instruct its staff, in a systematic formal way, in safe working practices at height, especially in icy conditions".
However, he found the original judge had overstated the company's level of fault and needed to take into account Mr Morgan's actions.
"Mr Morgan fell from the roof and suffered his injuries, as a result of electing to climb up there, in icy conditions, and not to adhere to House Movers' usual safe work practice, and equipment, which would have eliminated his risk."
During July's hearing company director Dean Namana told the court a significant fine would mean his business would have to close down. He said it had been a tough few years for his company and, while insurance would cover a reparation order, it would not cover a fine.
The House Movers was placed into liquidation by the High Court at Rotorua on February 10 this year and ceased trading on that day.
The first liquidator's report dated March 19 stated the company was placed into liquidation "due to outstanding debt with the Inland Revenue Department". IRD had made a claim for $340,496 for outstanding GST and PAYE payments.