WCPC Realisations Limited In Creditors Voluntary Liquidation

Size: px
Start display at page:

Download "WCPC Realisations Limited In Creditors Voluntary Liquidation"

Transcription

1 WCPC Realisations Limited In Creditors Voluntary Liquidation Joint Liquidators report for the period from 16 April 2015 to 15 April 2016 PricewaterhouseCoopers, Benson House, 33 Wellington Street, Leeds, LS1 4JP 15 June 2016

2 To all known members and creditors 15 June 2016 Dear Sir/Madam WCPC Realisations Limited (formerly known as West Cornwall Pasty Co) in Creditors Voluntary Liquidation (the Company) This is our first annual report to members and all known creditors in the above Liquidation for the period from 16 April 2015 to 15 April We also attach a notice of intended dividend. If you have not yet submitted a claim you should do so by 16 July If you have any queries in connection with this report, please contact Thomas Wadey on Yours faithfully For and on behalf of the Company Rachael Wilkinson Joint Liquidator The Joint Liquidators are licensed in the United Kingdom to act as Insolvency Practitioners by the Institute of Chartered Accountants in England and Wales. The Joint Liquidators are Data Controllers of personal data as defined by the Data Protection Act PricewaterhouseCoopers LLP will act as Data Processor on their instructions. Personal data will be kept secure and processed only for matters relating to the liquidation. The joint liquidators are bound by the Insolvency Code of Ethics which can be found at: 2

3 Definitions used in this report Definition used the Company the Liquidators we our Term WCPC Realisations Limited in Creditors Voluntary Liquidation Rachael Wilkinson, David Chubb and Robert Moran the Rules Insolvency Rules 1986 the Act Insolvency Act 1986 Secured Creditor ICAEW Sankaty European Investments s.a.r.l Institute of Chartered Accountants in England and Wales 3

4 Table of contents 1. Introduction 1.1. Why we re sending you this report 1.2. Appointment of Administrators 1.3. Change of liquidator 1.4. Estimated dividend prospects 2. Progress made during the period 2.1. Assets realisations 2.2. Statutory and compliance 2.3. Directors' Conduct 3. Outcome for creditors 3.1. Secured creditors 3.2. Preferential creditors (mainly employees) 3.3. Unsecured creditors 4. Liquidators fees and other financial information 4.1. Our fees 4.2. Our disbursements 4.3. Creditors' rights 4.4. Receipts and payments account 4.5. Statement of expenses Appendix A - Statutory and other information Appendix B - Receipts and Payments for the period from 16 April 2015 to 15 April 2016 Appendix C. - Details of our remuneration and disbursements and other professional costs Appendix D - Statement of expenses for the period from 16 April 2015 to 15 April 2016 Appendix E - Notice of Intended Dividend

5 1. Introduction 1.1. Why we re sending you this report This is our first annual report to members and creditors since the Company went into Liquidation. It will help if you read this alongside our previous progress reports issued when the Company was in Administration. These reports can be found at This report provides a summary of: The steps taken during the first year of the Liquidation; Outstanding matters; and A provisional estimate of the outcome of the Liquidation for unsecured creditors. In Section 2 we provide more detailed information on what we ve been doing during the period covered by this report and in Section 3 we provide information as to what the outcome for creditors might be. By law, we have to give you certain statutory information, this is included in Appendix A Appointment of Administrators On 11 April 2014, David Chubb, Robert Moran and Stuart Maddison of PricewaterhouseCoopers LLP were appointed Joint Administrators of the Company. The Administration ended on 16 April 2015 when the Company went into Creditors Voluntary Liquidation. David Chubb, Robert Moran and Stuart Maddison were appointed Joint Liquidators Change of liquidator Stuart Maddison, one of the previous Joint Liquidators, has left the firm. To ensure that outstanding issues in the Liquidation continue to be pursued, an application was made to the Court to remove him and appoint Rachael Wilkinson as Liquidator. Rachael Wilkinson is licensed in the United Kingdom to act as an insolvency practitioner by the Insitute of Chartered Accountants in England and Wales. Rachael Wilkinson thereby replaced Stuart Maddison as Joint Liquidator with effect from 30 June 2015, at which date Stuart Maddison was discharged as Joint Liquidator Estimated dividend prospects % Recovery Forecast Timing For preferential creditors: i.e. former employees (for unpaid wages up to 800 and holiday pay only) and unpaid pension contributions in certain circumstances: For unsecured creditors: i.e. all other creditors who are neither secured nor preferential: This report: 100% Last report: 100 % This report: 0.9-1% Last report: % 2 Months 3 Months Please note this guidance on dividend prospects is only an indication. You shouldn t use it as the main basis for any bad debt provision that you may need to make.

6 2. Progress made during the period 2.1. Assets realisations We ve realised the Company s assets as follows:- Assets Actual realisations Cash at bank at the end of the Administration period VAT Administration period RPO Refund Rates Refunds 317, , , , Total 375, Cash at Bank In the period covered by this report we have held 317, cash at bank. This relates to funds held in the Administration account. Refunds We instructed corporate recovery agents CAPA to assess and recover potential rates refunds due to the Company. In the period covered by this report refunds of 7, have been received. We also received a refund of 4, from the Redundancy Payments Office due to a previous overpayment when paying the preferential claims. Interest Received In the period covered by this report we have received in relation to interest received from funds held on account. Assignment of leases As previously reported professional advice indicated that there was unlikely to be any value in the leases of the stores which were not transferred to the Purchaser. Since our appointment we have sought to affect surrender of the remaining leases in order to minimize liability. Whilst some closed stores have been surrendered there remain a number of stores where the offer of surrender has not been accepted by the landlord Statutory and compliance VAT Matters VAT returns have been submitted on a quarterly basis. In the period of this report, 97, has been received into the Company account relating to repayments due from HMRC of which 46, related to the Administration period. We are currently undertaking a VAT reconciliation.

7 2.3. Directors conduct One of our duties has been to look at the Company s directors actions before it went into Liquidation and during the Administration and consider the points raised by creditors. We ve finished our work on this and have complied with our obligation to submit a return or report to The Insolvency Service.

8 3. Outcome for creditors 3.1. Secured creditors The Secured Creditor s lending to the Company as at the date of Administration was 4,713,734 and is secured by a debenture dated 9 October This security gives the Secured Creditor fixed and floating charges over all the Company s assets. To date we have paid the Secured Creditor 118,600, all of which was paid in the Administration. The Secured Creditor will not be repaid in full Preferential creditors (mainly employees) In their statement of affairs provided to the Administrators, the directors thought that preferential claims would total about 32,000. We paid a first preferential dividend of 100% in the in the Administration totalling 29, employee claims remain outstanding, and a distribution of 100% will be made to those employees once claims have been received, totalling 2, Unsecured creditors The prescribed part is a fund that has to be made available for unsecured creditors. It s paid out of net property. Net property is floating charge realisations after costs, and after paying - or setting aside enough to pay preferential creditors in full. But it only has to be made available where the floating charge was created on or after 15 September The prescribed part applies in this case as there is a floating charge created after 15 September The amount of the prescribed part is: 50% of net property up to 10,000; 20% of net property above 10,000; and Subject to a maximum of 600,000. We estimate that the Company s net property will be between 220,000 and 240,000, which means that the estimated value of the prescribed part is 47,000 to 51,000 (prior to the costs of agreeing claims and making a distribution) Based on the total creditors as per the statement of affairs, we think, that the dividend to creditors will be between 0.9p and 1p in the. We re now able to tell you there are enough funds available under the prescribed part to give notice of our intention declare and pay a first dividend. The formal notice of our intention to declare this dividend is attached. Apart from any prescribed part, there will not be any dividend for unsecured creditors based on what we know currently.

9 4. Liquidators fees and other financial information 4.1. Our fees During the Administration, remuneration was approved on a time cost basis by the secured and preferential creditors. This fee basis carries on into the subsequent Liquidation. In the Administration we incurred time costs of 254,245, but did not draw any fees during the Administration. From 16 April 2015 to 15 April 2016, we have incurred time costs of 81,264 for 305 hours work, which works out at an average hourly rate of 266. We include details of the time costs incurred from 16 April 2015 to 15 April 2016, by work type, at Appendix C. Of the approved time costs we have now drawn fees of 179,000 which includes funds passed from the Administration. We are looking to take a further 22,280 of which we are yet to gain approval. We will not be taking our fees in full Further details of our fees are included in Appendix C Our disbursements We ve incurred disbursements of 91 during the period from 16 April 2015 to 15 April This has not yet been drawn. During the Administration we incurred 2, of disbursements which have been drawn in the Liquidation. Further details are provided in Appendix C Creditors rights Creditors have the right to ask for more information within 21 days of receiving this report as set out in Rule 4.49E of the Rules. Any request must be in writing. Creditors can also challenge the Liquidators fees and expenses within eight weeks of receiving this report as set out in Rule of the Rules. This information can also be found in the guide to fees at: liquidators_fees_oct_2015.ashx You can ask for a copy free of charge by calling Thomas Wadey on Receipts and payments account A receipts and payments account for the period from 16 April 2015 to 15 April 2016 is provided in Appendix B Statement of expenses A statement of expenses for the period from 16 April 2015 to 15 April 2016 is provided in Appendix D. This statement doesn t include any tax liabilities that may be payable for the period of this report as this will depend on the position at the end of the accounting period.

10 Appendix A - Statutory and other information Name of company: Registered number: Registered office: Former company names: Trading names: Trading address: Names of liquidators and their addresses: WCPC Realisations Limited Benson House, 33 Wellington Street, Leeds, LS1 4JP West Cornwall Pasty Co Limited West Cornwall Pasty Co Limited n/a Date of liquidators appointment: 16 April 2015 Details of change in liquidators: David Christian Chubb of PricewaterhouseCoopers LLP of 7 More London Riverside, London SE1 2RT, Robert Moran of Cornwall Court, 19 Cornwall St, Birmingham B3 2DT and Rachael Wilkinson of PricewaterhouseCoopers LLP of 3 Forbury Place, 23 Forbury Road, Reading, RG1 3JH Stuart Maddison ceased to act as Joint Liquidator 30 June 2015 and was replaced by Rachael Wilkinson Details of prior administration: The Company was previously in Administration from 11 April 2014 to 15 April 2015 Estimated dividend for preferential creditors: Estimated dividend for unsecured creditors: Estimated values of the Company s net property and prescribed part: Whether and why the Liquidators intend to apply to court under Section 176A(5) IA86: The European Regulation on Insolvency Proceedings (Council Regulation(EC) No. 1346/2000 of 29 May 2000): 100p in the n/a 0.9p-1p in the from the prescribed part Net property 220, ,000 Prescribed Part 47,000 51,000 The European Regulation on Insolvency Proceedings applies to this Liquidation and the proceedings are main proceedings.

11 Appendix B. - Receipts and payments account for the period from 16 April 2015 to 15 April April 2015 to 15 April 2015 Estim ated Outcom e Statem ent FIXED CHARGE REALISATIONS Balance from the Administration* 36, , FLOAT ING CHARGE REALISAT IONS Administration VAT refund 46, , Balance from the Administration 280, , Interest received gross Rates refund 7, , Redundancy Payment Service refund 4, , VAT 51, , , , COST OF REALISATION / PAYMENTS Bank charges (95.55) (145.55) Debt collection fees (486.24) (486.24) Legal Fees (14,992.02) (14,992.02) General expenses (161.30) (161.30) Insurance (1,802.00) (1,802.00) Administrators' Fees (17 9,000.00) (17 9,540.00) Administrators' expenses (2, ) (3,227.00) Rent (55,027.09) (55,027.09) Statutory advertising ( ) ( ) Preferential creditors 0.00 (2,919.00) VAT (56,854.04) (56,854.04) (310, ) (315,387.96) NET FLOAT ING CHARGE REALISAT IONS/(PAYMENT S) 80, , T OT AL BALANCE AT BANK** 116, , Estimated distribution The estimated net property available for distribution is 220, ,000, after preferential creditors claims totalling 31,983 have been paid. The following adjustments hav e been made to net floating charge realisations to reach the notional total on which the prescribed part will be calculated. These adjustments are beneficial to the unsecured creditors: (1) notional increase for P&M value of 80,000, as per the previous Administration report. (2) notional increase of 82,829 for rent and legal fees due from newco, as per the agreement with the secured creditor and newco. The amount we expect to be available under the prescribed part is between 47,000-51,000, and the costs of making the distribution is estimated to be 22,280. Therefore the net amount estimated to be paid under the prescribed part is between 24, ,7 20, therefore we estimate a dividend to be payable between 0.9p - 1p in the. The amount described above are estimates and may change depending on the final level of claims admitted, and the final net floating charge realisations. * The fixed charge balance of 36,400 will be paid to the Secured Creditor as a fixed charge distribution. **Funds are held in a high interest current account with Barclays.

12 Appendix C. - Details of our remuneration and disbursements Background This section sets out the process that was established for setting and monitoring the Liquidators remuneration. The basis of our fees and certain disbursements was agreed in the prior Administration by the secured and preferential creditors and has transferred across to the Liquidation in accordance with the Rules. The basis of our fees is by reference to time properly given. Details of the amount we have drawn can be found in Section 4. Liquidators charging policy The time charged to the Liquidation is by reference to the time properly given by our staff and us in attending to matters arising. It is our policy to delegate tasks in the Liquidation to appropriate members of staff, considering their level of experience and any requisite specialist knowledge needed and they are supervised accordingly to maximise the cost effectiveness of the work performed. Our junior people have done the routine work in the Liquidation to keep the costs down. But we and our senior staff have supervised them and we have dealt with any complex or significant matters ourselves. Matters of particular complexity or significance requiring more exceptional responsibility are undertaken by senior staff or the Liquidators themselves. Narrative of key areas of work carried out for the period from 16 April 2015 to 15 April 2016 There remain a number of distinct work streams within the work we have done. It should be noted that individuals will have worked in more than one area. The activities of these work streams are summarised below: Area of work Activities completed Strategy and planning Case progression meetings Updating internal systems Appointment transfers Fee approval and fee status planning Budget and case planning Assets Dealing with disclaiming leases Lease queries Property surrender Investigation Review documents relating to directors conduct Submit directors conduct report and update internal systems Creditors Creditor enquiries Reviewing and dealing with creditor post Claim adjudication Filing claims Reviewing estimated outcome

13 Area of work Activities completed Accounting and Treasury Processing receipts and payments Dealing with administration account closure Journals Bank account set up Bank reconciliations Statutory and Compliance Case progression reviews and meetings Filing Updating systems Reviewing incoming post Correspondence to creditors Preparation of annual report Review of progress report Tax and VAT Preparing, reviewing and completing tax returns for the Administration and Liquidation periods Correspondence to HMRC Preparing, reviewing and completing VAT returns Obtaining VAT refunds from HMRC Internal meetings with Tax and VAT specialists Employees and Pensions Employee queries Liaising with HMRC Preferential claims Pension statutory notices Closure Case progression meetings planning for closure Our future work We still need to do the following work to conclude the Liquidation Area of work Work we need to do Estimated cost Statutory and Compliance Accounting & treasury Creditors Annual reporting Case reviews Processing receipts and payments Journals Bank account closure Distribution to unsecured and remaining preferential creditors Creditor enquiries 4, ,820 Whether or not the work will provide a financial benefit to creditors Required by law Benefit of proper stewardship and accounting of case funds Facilitates the payment of a dividend to creditors Tax and VAT Submit VAT and Tax returns 1,080 Legal requirement Closure Clearances 2,095 Legal requirement Final meetings and report

14 Hourly rates In common with all professional firms, scale rates increase from time to time over the period of the administration of each insolvency case. PricewaterhouseCoopers LLP, or any successor firm, reserves the right to change the rates and grade structures. Following our appointment the charge out rates have increased. Set out below are the relevant maximum charge-out rates per hour worked for the grades of staff actually involved on this assignment. All staff who work on this assignment (including cashiers, support and secretarial staff) charge time directly to the assignment and are included within any analysis of time charged. Time is charged by reference to actual work carried out on the assignment in six minute units. The minimum time charged is three minutes (i.e. 0.5 units). There was no allocation of any general costs or overhead costs. Specialist departments with our firm, such as Tax, VAT, Property and Pensions were also used where expert advice was required. Such specialist rates do vary but the figures below provide an indication of the maximum rate per hour: Grade Maximum rate per hour London ( ) Maximum rate per hour regional ( ) Specialist maximum rate per hour ( ) Partner ,075 Director ,010 Senior Manager Manager Senior Associate Associate Support staff Some staff work in London therefore their rates are higher. However we have agreed a fixed fee basis therefore this does not affect the fees with have taken. Our relationships We have had no business or personal relationships with the parties who approve our fees or who provide services to the Liquidation where the relationship could give rise to a conflict of interest. Disbursements for services provided by our firm (Category 2 disbursements) Our firm s expenses policy allows for all properly incurred expenses to be recharged to the case. Disbursements were charged to the assignment as follows: Photocopying At 5 pence per sheet copied, only charged for circulars to creditors and other bulk copying. Mileage At a maximum of 71 pence per mile (up to 2,000cc) or 93 pence per mile (over 2,000cc). Our disbursements in the period from 16 April 2015 to 15 April 2016 We have incurred the following disbursements (excluding VAT) in the period from 16 April 2015 to 15 April 2016.

15 Category 1: Category 2: Storage 8.00 Mileage: 0.00 Other Insurances Printing 6.00 Total: The statement of expenses in Appendix D show what we have drawn in total in relation to our disbursements. Other professional advisors we ve used A summary of legal and other professional firms and subcontractors instructed in the period from 16 April 2015 to 15 April 2016 is below: Name of firm / organisation Service provided Reason selected Basis of fees Amount paid in period ( ) CAPA Rates refund Expertise Percentage of realisations 1, JLT Speciality Limited Insurance Expertise Fixed 1, Pitmans Legal Advice Expertise Fixed 14, Our choice was based on the advisors experience, the complexity and type of work and the basis of the fee arrangement. We re satisfied that the fees charged are reasonable. Any future costs will be minimal.

16 Analysis of our time costs by grade and work area from 16 April 2015 to 15 April 2016 Aspect of assignment Partner Director Senior Manager Manager Senior Associate Associate Secretarial Total hours Time cost Average hourly rate Strategy & Planning , Assets , Inv estigations , Creditors , Accounting and treasury , Statutory and compliance , Tax & VAT , Employ ees & pensions , Closure procedures , Total for the period ,

17 Appendix D. - Statement of expenses for the period from 16 April 2015 to 15 April 2016 The Rules requires this progress report to include a statement of expenses incurred by the Liquidators during the period of the report, irrespective of whether payment has been made or not. This relates to all costs incurred, and not just the Liquidators disbursements. Such a summary of expenses is found below: Unpaid expenses Incurred in this Expenses paid in Unpaid expenses as at 16 April 2015 period this period at 10 October 2014 ( ) ( ) ( ) ( ) Bank charges Legal fees and expenses 7, , , , Office holders fees 254, , , , Office holders disbursements 2, * , Pre-appointment fees 38, , Insurance , , T otal 302, , , , * relates to disbursements incurred relating to the Administration period. **Brought forward figure is for the Administration period. ***We will not be taking the Liquidators time costs in full.

18 Appendix E Notice of intended dividend NOTICE IS HEREBY GIVEN, pursuant to Rule of the Insolvency Rules 1986, that it is my intention to declare a first and final dividend to unsecured non preferential creditors of the Company no later than 16 September If you have not yet submitted a formal claim in the liquidation, you are required on or before 16 July 2016 (the last date for proving) to provide a proof of debt to the Joint Liquidators of the Company by completing a statement of claim form available to download from our website. If requested you may also be asked to provide such further details, or produce such documentary or other evidence as may appear to the Joint Liquidators to be necessary. A creditor who has not proved his debt by the last date specified will be excluded from the dividend. If you have any queries please do not hesitate to contact my colleague Thomas Wadey on

Vendside Limited (In liquidation)

Vendside Limited (In liquidation) Vendside Limited (In liquidation) For the period from 10 March 2016 to 9 March 2017 www.pwc.co.uk/vendside 21 April 2017 Our ref: VR/KW/Vendside To all known members and creditors 21 April 2017 Dear Sir/Madam

More information

JGLCC Camera Company Limited (formerly The Jessop Group Limited) In Creditors Voluntary Liquidation

JGLCC Camera Company Limited (formerly The Jessop Group Limited) In Creditors Voluntary Liquidation JGLCC Camera Company Limited (formerly The Jessop Group Limited) In Creditors Voluntary Liquidation For the period from 11 December 2015 to 10 December 2016 www.pwc.co.uk/jessops 28 January 2017 To all

More information

UV Modular Limited In Liquidation ( the Company )

UV Modular Limited In Liquidation ( the Company ) UV Modular Limited In Liquidation ( the Company ) For the period from 19 August 2016 to 18 August 2017 www.pwc.co.uk/uvmodular 17 October 2017 To all known members and creditors 17 October 2017 Dear Sir/Madam

More information

Notice of use of website to deliver a document

Notice of use of website to deliver a document In accordance with Rule 1.49 of the Insolvency (England and Wales) Rules 2016 Notice of use of website to deliver a document Name of company Company number McArthur Cyclone Limited 00266536 In the n/a

More information

Mother Bidco Limited in creditors voluntary Liquidation Joint Liquidators progress report to members and creditors

Mother Bidco Limited in creditors voluntary Liquidation Joint Liquidators progress report to members and creditors Mother Bidco Limited in creditors voluntary Liquidation Joint Liquidators progress report to members and creditors For the period from 20 August 2016 to 19 August 2017 www.pwc.co.uk/monarch 17 October

More information

Joint liquidators final account. Ecohouse Developments Limited (in liquidation) 30 August 2017

Joint liquidators final account. Ecohouse Developments Limited (in liquidation)  30 August 2017 www.pwc.co.uk/ecohouse Joint liquidators final account Ecohouse Developments Limited (in liquidation) 30 August 2017 Our ref: VR/AT/Ecohouse/20170216/CVL033 www.pwc.co.uk/ecohouse Contents Abbreviations

More information

Imtech Water Waste and Energy Limited (in administration)

Imtech Water Waste and Energy Limited (in administration) www.pwc.co.uk/imtech Joint administrators progress report from 22 January 2017 to 21 July 2017 Imtech Water Waste and Energy Limited (in administration) 4 August 2017 High Court of Justice, Chancery Division,

More information

Icon Live Limited in administration Remuneration report: Initial information to creditors 18 November 2016

Icon Live Limited in administration Remuneration report: Initial information to creditors 18 November 2016 Remuneration report: Initial information to creditors 18 November 2016 Contents 1. Abbreviations and definitions... 2 2. Background... 3 2.1. Purpose of this initial advice to creditors... 3 2.2. Action

More information

Joint liquidators progress report from 31 July 2017 to 30 July Cobbetts LLP (in creditors voluntary liquidation)

Joint liquidators progress report from 31 July 2017 to 30 July Cobbetts LLP (in creditors voluntary liquidation) Joint liquidators progress report from 31 July 2017 to 30 July 2018 Cobbetts LLP (in creditors voluntary liquidation) 25 September 2018 Contents Abbreviations and definitions 2 Key messages 3 Overview

More information

Stoke Place Hotel Limited (in administration)

Stoke Place Hotel Limited (in administration) Joint administrators progress report from 9 May 2016 to 25 October 2016 Stoke Place Hotel Limited (in administration) Registered number: 05010827 High Court of Justice, Chancery Division, Companies Court

More information

Eastlake Developments Limited in administration. High Court of Justice, Chancery Division, Birmingham District Registry Case No.

Eastlake Developments Limited in administration. High Court of Justice, Chancery Division, Birmingham District Registry Case No. Eastlake Developments Limited in administration High Court of Justice, Chancery Division, Birmingham District Registry Case No. 8226 of 2015 Joint administrators third progress report for the period from

More information

Imtech Water Waste and Energy Limited in administration

Imtech Water Waste and Energy Limited in administration www.pwc.co.uk/imtech Joint administrators final progress report from 1 September 2015 to 25 August 2017 Imtech Water Waste and Energy Limited in administration 25 August 2017 High Court of Justice, Chancery

More information

Navetas Energy Management Limited & Intelligent Sustainable Energy Limited both in Administration

Navetas Energy Management Limited & Intelligent Sustainable Energy Limited both in Administration Navetas Energy Management Limited & Intelligent Sustainable Energy Limited both in Administration High Court of Justice, Chancery Division, Bristol District Registry Case Numbers 204 and 206 of 2015 Joint

More information

WR Refrigeration Limited (in administration) High Court of Justice, Chancery Division, Companies Court Case number 7316 of 2013

WR Refrigeration Limited (in administration) High Court of Justice, Chancery Division, Companies Court Case number 7316 of 2013 WR Refrigeration Limited (in administration) High Court of Justice, Chancery Division, Companies Court Case number 7316 of 2013 Joint administrators progress report for the period 22 April 2014 to 21 October

More information

BUK (Realisations) Limited in liquidation Remuneration Report: Request for further fee approval. 13 November 2017

BUK (Realisations) Limited in liquidation Remuneration Report: Request for further fee approval. 13 November 2017 BUK (Realisations) Limited in liquidation Remuneration Report: Request for further fee approval 13 November 2017 Table of Contents 1. Abbreviations and definitions... 2 2. Background... 3 2.1. Purpose

More information

AD2 Realisations Limited (formerly ADAS UK Limited)

AD2 Realisations Limited (formerly ADAS UK Limited) www.pwc.co.uk/adas Joint Liquidators progress report from 11 December 2017 to 10 December 2018 AD2 Realisations Limited (formerly ADAS UK Limited) 8 February 2019 (in Creditors Voluntary Liquidation) PricewaterhouseCoopers

More information

Cosalt Plc - in administration. Joint Administrators progress report for the period from 28 January 2014 to 25 July 2014.

Cosalt Plc - in administration. Joint Administrators progress report for the period from 28 January 2014 to 25 July 2014. Cosalt Plc - in administration High Court of Justice Chancery Division Leeds District Registry Case No. 225 of 2013 Joint Administrators progress report for the period from 28 January 2014 to 25 July 2014

More information

Navetas Energy Management Limited & Intelligent Sustainable Energy Limited both in administration

Navetas Energy Management Limited & Intelligent Sustainable Energy Limited both in administration Navetas Energy Management Limited & Intelligent Sustainable Energy Limited both in administration High Court of Justice, Chancery Division, Bristol District Registry Case Numbers 204 and 206 of 2015 Joint

More information

Former joint administrators progress report for the period 22 October 2014 to 20 November

Former joint administrators progress report for the period 22 October 2014 to 20 November WR Refrigeration Limited (in liquidation and formerly in administration) High Court of Justice, Chancery Division, Companies Court Case number 7316 of 2013 Former joint administrators progress report for

More information

Carvill Group Limited (in administration)

Carvill Group Limited (in administration) Joint administrators progress report from 20 May 2016 to 19 November 2016 Carvill Group Limited (in administration) 16 December 2016 High Court of Justice in Northern Ireland, Chancery Division Case no.

More information

Mable Commercial Funding Limited (in administration)

Mable Commercial Funding Limited (in administration) www.pwc.co.uk Joint administrators progress report from 23 March 2017 to 22 September 2017 Mable Commercial Funding Limited (in administration) 12 October 2017 High Court of Justice, Chancery Division,

More information

EBP Realisations Limited (formerly Expamet Building Products Limited) in Administration

EBP Realisations Limited (formerly Expamet Building Products Limited) in Administration EBP Realisations Limited (formerly Expamet Building Products Limited) in Administration High Court of Justice, Chancery Division, Manchester District Registry Case No. 2661 of 2012 Joint Administrators

More information

Joint liquidators progress report from 1 November 2016 to 31 October Goldtrail Travel Limited (in liquidation)

Joint liquidators progress report from 1 November 2016 to 31 October Goldtrail Travel Limited (in liquidation) www.pwc.co.uk/goldtrail Joint liquidators progress report from 1 November 2016 to 31 October 2017 21 December 2017 Goldtrail Travel Limited (in liquidation) www.pwc.co.uk/goldtrail Contents Abbreviations

More information

Carvill Group Limited (in administration)

Carvill Group Limited (in administration) www.pwc.co.uk/carvill Joint administrators progress report from 20 May 2017 to 19 November 2017 Carvill Group Limited (in administration) 15 December 2017 High Court of Justice in Northern Ireland, Chancery

More information

The Insolvency Act 1986 Notice of move from administration to dissolution

The Insolvency Act 1986 Notice of move from administration to dissolution Rule 2.118 Form 2.35B The Insolvency Act 1986 Notice of move from administration to dissolution Name of Company Woodberry Bros & Haines Limited Company Number 00473915 In the High Court of Justice, Chancery

More information

FABB Projects Limited in administration Remuneration Report: Initial Information to Creditors including Fees Estimate.

FABB Projects Limited in administration Remuneration Report: Initial Information to Creditors including Fees Estimate. Remuneration Report: Initial Information to Creditors including Fees Estimate 26 July 2018 Table of Contents 1. Abbreviations and definitions... 2 2. Background... 3 2.1. Purpose of this initial advice

More information

Digital Satellite Warranty Cover Ltd (in Compulsory Liquidation) Joint Liquidators fourth progress report

Digital Satellite Warranty Cover Ltd (in Compulsory Liquidation) Joint Liquidators fourth progress report www.pwc.co.uk Digital Satellite Warranty Cover Ltd (in Compulsory Liquidation) Joint Liquidators fourth progress report 25 March 2015 Table of Contents 1. Overview... 2 1.1. Introduction... 2 1.2. Business

More information

Pearl Linguistics Limited (in Creditors Voluntary Liquidation)

Pearl Linguistics Limited (in Creditors Voluntary Liquidation) www.pwc.co.uk/pearl Joint liquidators progress report from 3 March 2017 to 2 March 2018 Pearl Linguistics Limited (in Creditors Voluntary Liquidation) 30 April 2018 www.pwc.co.uk/pearl Contents Abbreviations

More information

/;i/ - pwc. Robert Hebenton Joint Liquidator Licensed in the United Kingdom by the Institute of Chartered Accountants in England and Wales

/;i/ - pwc. Robert Hebenton Joint Liquidator Licensed in the United Kingdom by the Institute of Chartered Accountants in England and Wales pwc To members and all known creditors 28 September 2015 Our ref: HR/LN/2015o98/RJJones/CVLO33 Dear Sir/Madam R. J. Jones Haulage Limited In Liquidation ( the Company ) Please find enclosed the liquidators

More information

Plant and Consumable Services Limited (in administration)

Plant and Consumable Services Limited (in administration) www.pwc.co.uk/pacs Joint administrators progress report from 6 March 2017 to 5 September 2017 Plant and Consumable Services Limited (in administration) 25 September 2017 High Court of Justice, Chancery

More information

Casco Limited (in administration)

Casco Limited (in administration) www.pwc.co.uk/casco Joint administrators progress report from 19 February 2017 to 18 August 2017 Casco Limited (in administration) 8 September 2017 High Court of Justice, Chancery Division, Companies Court

More information

Thayer Properties Limited In Creditors Voluntary Liquidation

Thayer Properties Limited In Creditors Voluntary Liquidation https://www.pwc.co.uk/services/business-recovery/administrations/lehman/thayer-properties-limited-inadministration.html 10 December 2018 Thayer Properties Limited In Creditors Voluntary Liquidation Joint

More information

Administrator s progress report

Administrator s progress report Rule 2.47 Form 2.24B The Insolvency Act 1986 Administrator s progress report Name of Company Casco Limited Company Number 01728216 In the High Court of Justice, Chancery Division, Companies Court Court

More information

Tel: Fax: ey.com. TO ALL KNOWN CREDITORS 19 June 2018

Tel: Fax: ey.com. TO ALL KNOWN CREDITORS 19 June 2018 Ernst & Young LLP 2 St Peter s Square Manchester M2 3EY Tel: + 44 161 333 3000 Fax: + 44 161 333 3001 ey.com TO ALL KNOWN CREDITORS 19 June 2018 Ref: CR/SW/CW/DANWM1297&1298/D16.1 Direct line: 0161 333

More information

City Link Limited In Administration. Joint Administrators progress report

City Link Limited In Administration. Joint Administrators progress report City Link Limited In Administration Joint Administrators progress report 19 January 2018 Contents Contents 1. Introduction... 1 2. Summary of progress since 23 June 2017... 2 3. Receipts and payments account...

More information

IN THE MATTER OF PERRINGS HOME FURNISHINGS LIMITED (HIGH COURT OF JUSTICE No of 2002) AND IN THE MATTER OF THE INSOLVENCY ACT 1986

IN THE MATTER OF PERRINGS HOME FURNISHINGS LIMITED (HIGH COURT OF JUSTICE No of 2002) AND IN THE MATTER OF THE INSOLVENCY ACT 1986 STATUTORY & LEGAL INFORMATION Company Number: 0323847 Date of Incorporation: 3 February 1937 Date of appointment of Administrative Receivers: 8 June 1994 Date of cessation of Administrative Receivership:

More information

In this case I am proposing that my remuneration is fixed on a time costs basis.

In this case I am proposing that my remuneration is fixed on a time costs basis. Findlay James (Insolvency Practitioners) Limited Liquidator s Fee and Expenses Estimate I must seek approval to the basis of my remuneration before it is paid and provide the fee approving body with sufficient

More information

pwc Joint Liquidators annual report for the period 12 July Ocanti Opco Limited (formerly UK Coal Operations Limited) (in Liquidation)

pwc Joint Liquidators annual report for the period 12 July Ocanti Opco Limited (formerly UK Coal Operations Limited) (in Liquidation) www.pwc.co.uk/ukcoal Joint Liquidators annual report for the period 12 July 2016 toil July 2017 and final account I4AUquSt 2017 Ocanti Opco Limited (formerly UK Coal Operations Limited) (in Liquidation)

More information

pwc Joint liquidators progress report from i6 May 2016 to 15 May 2017 Broadway Tyres (Wholesale) Limited (in liquidation)

pwc Joint liquidators progress report from i6 May 2016 to 15 May 2017 Broadway Tyres (Wholesale) Limited (in liquidation) www.pwc.co.uk/broadway Joint liquidators progress report from i6 May 2016 to 15 May 2017 Broadway Tyres (Wholesale) Limited (in liquidation) 12 July 2017 pwc Contents Appendix D: Other information 17 Appendix

More information

REPORT TO CREDITORS 4 DECEMBER 2015 TO 3 DECEMBER 2016

REPORT TO CREDITORS 4 DECEMBER 2015 TO 3 DECEMBER 2016 REPORT TO CREDITORS 4 DECEMBER 2015 TO 3 DECEMBER 2016 THE CASH STORE FINANCIAL LIMITED (IN LIQUIDATION) (COMPANY NUMBER: 06773351) 5 JANUARY 2017 CRITICAL THINKING AT THE CRITICAL TIME Table of Contents

More information

Cherry Tree Mortgages Limited In Administration

Cherry Tree Mortgages Limited In Administration www.pwc.co.uk Cherry Tree Mortgages Limited In Administration Joint Administrators final progress report 12 October 2015 Contents Section 1 Purpose of the Joint Administrators final progress report 1 Section

More information

LB UK Financing Limited In Administration

LB UK Financing Limited In Administration www.pwc.co.uk LB UK Financing Limited In Administration Joint Administrators progress report for the period 2 April 2014 to 1 October 2014 17 October 2014 Contents Section 1 Purpose of the Joint Administrators

More information

Fees Information in accordance with The Insolvency (England & Wales) Rules 2016

Fees Information in accordance with The Insolvency (England & Wales) Rules 2016 North Devon Theatres' Trust (the Company) Fees Information in accordance with The Insolvency (England & Wales) Rules 2016 Fees Overview Prior to an insolvency practitioner agreeing the basis of his remuneration

More information

PricewaterhouseCoopers LLP, Central Square, 29 Wellington Street, Leeds, LS1 4DL T: +44 (0) , F: +44 (0) ,

PricewaterhouseCoopers LLP, Central Square, 29 Wellington Street, Leeds, LS1 4DL T: +44 (0) , F: +44 (0) , To whom it may concern 20 August 2018 Our ref: OCI/CS/D435K Dear Sir / Madam Casco Limited - in administration ( the Company ) I enclose a notice of an extension to the administration to 18 August 2019.

More information

As previously stated, we pride ourselves on the quality of work undertaken. would invite creditors to consider the following points:

As previously stated, we pride ourselves on the quality of work undertaken. would invite creditors to consider the following points: DUFF & PHELPS LTD. PROFESSIONAL FEES - SIP 9 Our mission statement is to provide clients with an outstanding service based on technical excellence, effective problem solving and the highest level of client

More information

Tel: Fax: ey.com

Tel: Fax: ey.com Ernst & Young LLP 2 St Peter s Square Manchester M2 3EY Tel: + 44 161 333 3000 Fax: + 44 161 333 3001 ey.com TO ALL KNOWN MEMBERS AND CREDITORS 13 November 2018 Ref: CR/SW/CW/DA/NWM1297&1298/D16.1 Direct

More information

Mable Commercial Funding Limited (in administration)

Mable Commercial Funding Limited (in administration) www.pwc.co.uk Joint Administrators progress report for the period 23 March 2016 to 22 September 2016 21 October 2016 Mable Commercial Funding Limited (in administration) High Court of Justice, Chancery

More information

Prestige Hotel Reservations Limited in administration ( the Company )

Prestige Hotel Reservations Limited in administration ( the Company ) To all known creditors 16 August 2018 Our ref: CF.090818.Prestige.SIP16.Creds.Proposals Dear Sirs Prestige Hotel Reservations Limited in administration ( the Company ) Why you have received this letter

More information

LIQUIDATION - A MEMBERS GUIDE TO FEES IN ENGLAND AND WALES

LIQUIDATION - A MEMBERS GUIDE TO FEES IN ENGLAND AND WALES LIQUIDATION - A MEMBERS GUIDE TO FEES IN ENGLAND AND WALES 1 Introduction 1.1 When a Company goes into Members Voluntary Liquidation, the costs of the proceedings are paid out of its assets. A declaration

More information

BL Realisations 2011 Limited (formerly Border Laird Limited)

BL Realisations 2011 Limited (formerly Border Laird Limited) CSL Realisations 2011 Limited (formerly Cumbrian Seafoods Limited) in Administration High Court of Justice, Chancery Division Leeds District Registry Case No. 1801 of 2011 BL Realisations 2011 Limited

More information

TO ALL KNOWN CREDITORS 26 November 2012

TO ALL KNOWN CREDITORS 26 November 2012 Ernst & Young LLP 1 More London Place London SE1 2AF Tel: 020 7951 2000 Fax: 020 7951 1345 www.ey.com/uk TO ALL KNOWN CREDITORS 26 November 2012 Ref: AH/AB/TL/BS/RT Direct line: 0207 951 3095 Rebecca Turner

More information

Luminar Gems Limited (In Creditors Voluntary Liquidation) (formerly in Administration) ( the Company )

Luminar Gems Limited (In Creditors Voluntary Liquidation) (formerly in Administration) ( the Company ) Ernst & Young LLP 1 More London Place London SE1 2AF Tel: 020 7951 2000 Fax: 020 7951 1345 www.ey.com/uk TO ALL KNOWN CREDITORS 11 July 2014 Ref: ML7E/PJB/PH/LM Direct line: 020 7951 7804 - Liam McCausland

More information

The Insolvency Act 1986 Administrators progress report

The Insolvency Act 1986 Administrators progress report Rule 2.47 Form 2.24B The Insolvency Act 1986 Administrators progress report Name of Company MF Global UK Services Limited Company number 06233208 In the High Court of Justice [full name of court] Court

More information

Joint Administrators progress report for the period from 8 December 2011 to 7 June 2012

Joint Administrators progress report for the period from 8 December 2011 to 7 June 2012 Keydata Investment Services Limited (in Administration) High Court of Justice, Chancery Division, Companies Court Case No. 14997 of 2009 Joint Administrators progress report for the period from 8 December

More information

Mable Commercial Funding Limited In Administration

Mable Commercial Funding Limited In Administration www.pwc.co.uk 21 October 2014 Mable Commercial Funding Limited In Administration Joint Administrators progress report for the period 23 March 2014 to 22 September 2014 Contents Section 1 Purpose of the

More information

LB UK RE Holdings Limited In Administration

LB UK RE Holdings Limited In Administration www.pwc.co.uk 13 October 2015 LB UK RE Holdings Limited In Administration Joint Administrators progress report for the period 15 March 2015 to 14 September 2015 Contents Section 1 Joint Administrators

More information

ADMINISTRATION A CREDITOR S GUIDE TO INSOLVENCY PRACTITIONER FEES

ADMINISTRATION A CREDITOR S GUIDE TO INSOLVENCY PRACTITIONER FEES Guidance Note ADMINISTRATION A CREDITOR S GUIDE TO INSOLVENCY PRACTITIONER FEES Amended for changes introduced by The Insolvency (England and Wales) Rules 2016 6 April 2017 ADMINISTRATION - A CREDITORS

More information

MF Global UK Services Limited (in administration)

MF Global UK Services Limited (in administration) MF Global UK Services Limited (in administration) Report to creditors pursuant to Rule 2.47 of the Insolvency Rules 1986 (as amended) 25 September 2015 Notice: About this Report This Report has been prepared

More information

Lehman Commercial Mortgage Conduit Limited In Administration

Lehman Commercial Mortgage Conduit Limited In Administration www.pwc.co.uk 23 May 2014 Lehman Commercial Mortgage Conduit Limited In Administration Joint Administrators progress report for the period 30 October 2013 to 29 April 2014 Contents Section 1 Purpose of

More information

A SHAREHOLDERS GUIDE TO LIQUIDATORS FEES - ENGLAND AND WALES

A SHAREHOLDERS GUIDE TO LIQUIDATORS FEES - ENGLAND AND WALES A SHAREHOLDERS GUIDE TO LIQUIDATORS FEES - ENGLAND AND WALES 1. Introduction 1.1 When a company goes into liquidation the costs of the proceedings are paid out of its assets. The members (shareholders),

More information

A CREDITORS GUIDE TO LIQUIDATORS FEES ENGLAND AND WALES

A CREDITORS GUIDE TO LIQUIDATORS FEES ENGLAND AND WALES A CREDITORS GUIDE TO LIQUIDATORS FEES ENGLAND AND WALES 1. Introduction 1.1. When a company goes into liquidation the costs of the proceedings are paid out of its assets. The creditors, who hope to recover

More information

The Company s registered office is situated at 55 Baker Street, London, W1U 7EU and the registered number is

The Company s registered office is situated at 55 Baker Street, London, W1U 7EU and the registered number is Tel: +44 (0)151 237 4500 Fax: +44 (0)151 237 4545 www.bdo.co.uk 5 Temple Square Temple Street Liverpool L2 5RH 5 January 2018 Please email: oxusgold@bdo.co.uk TO ALL CREDITORS Dear Sirs Oxus Gold Plc -

More information

Heritable Capital Partners Limited (In Administration) ( the Company )

Heritable Capital Partners Limited (In Administration) ( the Company ) Ernst & Young LLP 1 More London Place London SE1 2AF Tel: 020 7951 2000 Fax: 020 7951 1345 www.ey.com/uk To All Known Creditors 7 May 2013 Ref: ML7E/SB/DE/ARB/LO3472/PF16.1 Direct line: 0207 951 5608 Direct

More information

MF Global UK Services Limited (in administration)

MF Global UK Services Limited (in administration) MF Global UK Services Limited (in administration) Report to creditors pursuant to Rule 2.47 of the Insolvency Rules 1986 (as amended) 22 September 2016 Notice: About this report This Report has been prepared

More information

Investigation into the conduct of the directors Financial position of the company Objectives of the administration

Investigation into the conduct of the directors Financial position of the company Objectives of the administration Groundpoint Limited in Administration Statement to Creditors pursuant to Rule 2.33 of the Insolvency Rules 1986 and Statement of Proposals under Paragraph 49 of Schedule B1 of the Insolvency Act 1986 1.

More information

Lehman Commercial Mortgage Conduit Limited In Administration

Lehman Commercial Mortgage Conduit Limited In Administration Lehman Commercial Mortgage Conduit Limited In Administration Joint Administrators progress report for the period 30 October 2008 to 29 April 2009 26 May 2009 Contents Section Page 1 Purpose of the Joint

More information

A creditor s guide to administrators fees (in accordance with Statement of Insolvency Practice No.9)

A creditor s guide to administrators fees (in accordance with Statement of Insolvency Practice No.9) The following information about the administrators fees is from Statement of Insolvency Practice No.9 ( SIP 9 ) produced by the Association of Business Recovery Professionals, Appendix C: A Creditors Guide

More information

Heritable Capital Partners Limited (In Administration) ( the Company )

Heritable Capital Partners Limited (In Administration) ( the Company ) Ernst & Young LLP 1 More London Place London SE1 2AF Tel: 020 7951 2000 Fax: 020 7951 1345 www.ey.com/uk To All Known Creditors 14 November 2012 Ref: ML7E/SK/DE/ARB/LO3472/PF16.1 Direct line: 0207 951

More information

Woodlark Farming Limited (in administration)

Woodlark Farming Limited (in administration) /woodlark from 5 December 2016 to 4 June 2017 Woodlark Farming Limited (in administration) High Court of Justice, Chancery Division, Companies Court Case no. 738 of 2011 26 June 2017 Contents Abbreviations

More information

Joint liquidators final account Geotechnical Engineering and Marine Surveys Limited In Creditors Voluntary Liquidation

Joint liquidators final account Geotechnical Engineering and Marine Surveys Limited In Creditors Voluntary Liquidation www.pwc.co.uk/gems Joint liquidators final account Geotechnical Engineering and Marine Surveys Limited In Creditors Voluntary Liquidation 18 August 2017 www.pwc.co.uk/gems Contents Abbreviations and definitions

More information

LIQUIDATIONS A CREDITOR S GUIDE TO INSOLVENCY PRACTITIONERS FEES

LIQUIDATIONS A CREDITOR S GUIDE TO INSOLVENCY PRACTITIONERS FEES Guidance Note LIQUIDATIONS A CREDITOR S GUIDE TO INSOLVENCY PRACTITIONERS FEES Amended for changes introduced by The Insolvency (England and Wales) Rules 2016 6 April 2017 LIQUIDATIONS - A CREDITORS GUIDE

More information

Schedule of Current Charge Out Rates and Chargeable Disbursements

Schedule of Current Charge Out Rates and Chargeable Disbursements Schedule of Current Charge Out Rates and Chargeable Disbursements Staff Allocation & Support Staff An objective and practical approach is taken to each case which includes active Partner involvement from

More information

TO ALL KNOWN CREDITORS 25 May 2012

TO ALL KNOWN CREDITORS 25 May 2012 Ernst & Young LLP 1 More London Place London SE1 2AF Ben Stanyon Tel: +44 207 951 1088 Fax: +44 207 951 9997 bstanyon@uk.ey.com TO ALL KNOWN CREDITORS 25 May 2012 Ref: AH/AB/TL/BS/RT Direct line: 0207

More information

ISA Deutschland GmbH Supplies Team GmbH

ISA Deutschland GmbH Supplies Team GmbH To all known creditors of: PAR Beteiligungs GmbH ISA Deutschland GmbH Supplies Team GmbH 4 January 2012 Our ref: RLH/ISA/12122011/425 Dear Sirs PAR Beteiligungs GmbH ( PAR ) ISA Deutschland GmbH ( ISA

More information

Joint Administrators progress report for the period 20 May 2014 to 19 November 2014

Joint Administrators progress report for the period 20 May 2014 to 19 November 2014 Carvill Group Limited in Administration ( the Company ) Case No. 8003 of 2011 High Court of Justice in Northern Ireland Chancery Division Joint Administrators progress report for the period 20 May 2014

More information

MF Global UK Services Limited (in administration) Report to creditors pursuant to Rule 2.47 of the Insolvency Rules 1986 (as amended) 29 May 2014

MF Global UK Services Limited (in administration) Report to creditors pursuant to Rule 2.47 of the Insolvency Rules 1986 (as amended) 29 May 2014 MF Global UK Services Limited (in administration) Report to creditors pursuant to Rule 2.47 of the Insolvency Rules 1986 (as amended) 29 May 2014 Notice: About this Report This Report has been prepared

More information

Fernturn Holdings Limited (formerly Wilts Wholesale Electrical Company Limited) ( the Company ) Scheme of Arrangement ( the Scheme )

Fernturn Holdings Limited (formerly Wilts Wholesale Electrical Company Limited) ( the Company ) Scheme of Arrangement ( the Scheme ) Fernturn Holdings Limited (formerly Wilts Wholesale Electrical Company Limited) ( the Company ) Scheme of Arrangement ( the Scheme ) Report to Creditors Committee 18 December 2012 1 In accordance with

More information

JOINT ADMINISTRATORS FINAL REPORT FOR PERIOD 6 JULY 2017 TO 18 DECEMBER 2017

JOINT ADMINISTRATORS FINAL REPORT FOR PERIOD 6 JULY 2017 TO 18 DECEMBER 2017 JOINT ADMINISTRATORS FINAL REPORT FOR PERIOD 6 JULY 2017 TO 18 DECEMBER 2017 IONA UK HUNTINGTON LIMITED (REGISTERED IN ENGLAND, COMPANY NUMBER: 07385624) ("HUNTINGTON") ( THE COMPANY") 18 DECEMBER 2017

More information

STATEMENT OF INSOLVENCY PRACTICE 9A (NI) REMUNERATION OF INSOLVENCY OFFICE HOLDERS NORTHERN IRELAND

STATEMENT OF INSOLVENCY PRACTICE 9A (NI) REMUNERATION OF INSOLVENCY OFFICE HOLDERS NORTHERN IRELAND STATEMENT OF INSOLVENCY PRACTICE 9A (NI) REMUNERATION OF INSOLVENCY OFFICE HOLDERS NORTHERN IRELAND Contents Paragraphs Introduction... 1-8 Statutory provisions... 9 Administration... 10-16 Insolvent Liquidations

More information

TO ALL KNOWN CREDITORS 24 August 2012

TO ALL KNOWN CREDITORS 24 August 2012 Ernst & Young LLP 1 More London Place London SE1 2AF TO ALL KNOWN CREDITORS 24 August 2012 Ref: AH/AB/TL/BS/RT Direct line: 0207 951 3095 Rebecca Turner rturner2@uk.ey.com Dear Sirs Dancing Finance Registered

More information

James Beattie Limited (in Administration) ( the Company )

James Beattie Limited (in Administration) ( the Company ) Ernst & Young LLP 1 More London Place London SE1 2AF Tel: + 44 20 7951 2000 Fax: + 44 20 7951 1345 ey.com TO ALL KNOWN CREDITORS 30 August 2018 Ref: R/CAL/SH/RK/JBL/PCF/D11.1 Direct line: +44 (0)207 760

More information

HF Stores Realisations Limited (formerly House of Fraser (Stores) Limited) (In Administration) ( the Company )

HF Stores Realisations Limited (formerly House of Fraser (Stores) Limited) (In Administration) ( the Company ) Ernst & Young LLP Tel: + 44 20 7951 2000 1 More London PlaceFax: + 44 20 7951 1345 London ey.com SE1 2AF TO ALL KNOWN CREDITORS 24 December 2018 Ref: CAL/DH/AW/HOF/PCF/11.1 Direct line: +44 (0)207 1977

More information

Cherry Tree Mortgages Limited In Administration

Cherry Tree Mortgages Limited In Administration www.pwc.co.uk 9 May 2014 Cherry Tree Mortgages Limited In Administration Joint Administrators progress report for the period 13 October 2013 to 12 April 2014 Contents Section 1 Purpose of the Joint Administrators

More information

STATEMENT OF INSOLVENCY PRACTICE 9 (SCOTLAND) REMUNERATION OF INSOLVENCY OFFICE HOLDERS

STATEMENT OF INSOLVENCY PRACTICE 9 (SCOTLAND) REMUNERATION OF INSOLVENCY OFFICE HOLDERS STATEMENT OF INSOLVENCY PRACTICE 9 (SCOTLAND) 1 INTRODUCTION REMUNERATION OF INSOLVENCY OFFICE HOLDERS 1.1 This Statement of Insolvency Practice (SIP) is one of a series issued to licensed insolvency practitioners

More information

A CREDITORS GUIDE TO FEES CHARGED BY TRUSTEES IN BANKRUPTCY ENGLAND AND WALES

A CREDITORS GUIDE TO FEES CHARGED BY TRUSTEES IN BANKRUPTCY ENGLAND AND WALES Guidance Note A CREDITORS GUIDE TO FEES CHARGED BY TRUSTEES IN BANKRUPTCY 1 Introduction ENGLAND AND WALES 1.1 When an individual becomes bankrupt the costs of the bankruptcy proceedings are paid out of

More information

A CREDITORS GUIDE TO LIQUIDATORS FEES ENGLAND AND WALES

A CREDITORS GUIDE TO LIQUIDATORS FEES ENGLAND AND WALES A CREDITORS GUIDE TO LIQUIDATORS FEES ENGLAND AND WALES 1. Introduction 1.1 When a company goes into liquidation the costs of the proceedings are paid out of its assets. The creditors, who hope to recover

More information

A guide to the Administration Process

A guide to the Administration Process A guide to the Administration Process Appointment by the holder of a Qualifying Floating Charge ( QFCH ) What is administration? Administration is a court process whereby one or more qualified insolvency

More information

TO ALL POLICYHOLDERS, CREDITORS, BROKERS AND INTERMEDIARIES OF INDEPENDENT INSURANCE COMPANY LIMITED

TO ALL POLICYHOLDERS, CREDITORS, BROKERS AND INTERMEDIARIES OF INDEPENDENT INSURANCE COMPANY LIMITED TO ALL POLICYHOLDERS, CREDITORS, BROKERS AND INTERMEDIARIES OF INDEPENDENT INSURANCE COMPANY LIMITED THIS LETTER IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION 23 January 2015 Dear Sirs Proposed Scheme

More information

pwc Gardman Limited in administration ( the Company )

pwc Gardman Limited in administration ( the Company ) l o all known creditors 23 October 2018 Our ref: AB/VJ/Gardman/WP2ol8lol8 I)ear Sirs Gardman Limited in administration ( the Company ) Why you ve received this letter The Company s records show that you

More information

STATEMENT OF INSOLVENCY PRACTICE 9 (E&W)

STATEMENT OF INSOLVENCY PRACTICE 9 (E&W) STATEMENT OF INSOLVENCY PRACTICE 9 (E&W) REMUNERATION OF INSOLVENCY OFFICE HOLDERS ENGLAND AND WALES 1. INTRODUCTION 1.1. This Statement of Insolvency Practice (SIP) is one of a series issued to licensed

More information

STATEMENT OF INSOLVENCY PRACTICE 9 (NORTHERN IRELAND) REMUNERATION OF INSOLVENCY OFFICEHOLDERS

STATEMENT OF INSOLVENCY PRACTICE 9 (NORTHERN IRELAND) REMUNERATION OF INSOLVENCY OFFICEHOLDERS STATEMENT OF INSOLVENCY PRACTICE 9 (NORTHERN IRELAND) REMUNERATION OF INSOLVENCY OFFICEHOLDERS S 9A STATEMENT OF INSOLVENCY PRACTICE REMUNERATION OF INSOLVENCY OFFICEHOLDERS NORTHERN IRELAND Contents Paragraphs

More information

COLLATERAL SALES LIMITED, COLLATERAL (UK) LIMITED AND COLLATERAL SECURITY TRUSTEE LIMITED ALL IN ADMINISTRATION ( the Group )

COLLATERAL SALES LIMITED, COLLATERAL (UK) LIMITED AND COLLATERAL SECURITY TRUSTEE LIMITED ALL IN ADMINISTRATION ( the Group ) Report to Creditors COLLATERAL SALES LIMITED, COLLATERAL (UK) LIMITED AND COLLATERAL SECURITY TRUSTEE LIMITED ( the Group ) IN ACCORDANCE WITH PARAGRAPH 49 OF SCHEDULE B1 OF THE INSOLVENCY ACT 1986 IN

More information

PowerPlan Company Limited (In Liquidation) Company Number: C

PowerPlan Company Limited (In Liquidation) Company Number: C PowerPlan Company Limited (In Liquidation) Company Number: 090015C Liquidator s First Annual Progress Report Pursuant to Section 232 of the Isle of Man Companies Act 1931 1. INTRODUCTION 1.1. Douglas MacDonald

More information

Petrostem (UK) Limited (in Administration) ("the Company")

Petrostem (UK) Limited (in Administration) (the Company) Ernst & Young LLP G1 5 George Square Glasgow G2 1DY Tel: + 44 141 226 9040 Fax: + 44 141 226 9001 ey.com TO ALL KNOWN CREDITORS 2 September 2018 Ref: CD/GY/SC/PCF Direct line: 0141 226 9545 Sanjay Chita

More information

James Beattie Limited (in Administration) ( the Company )

James Beattie Limited (in Administration) ( the Company ) Ernst & Young LLP 1 More London Place London SE1 2AF Tel: + 44 20 7951 2000 Fax: + 44 20 7951 1345 ey.com TO ALL KNOWN CREDITORS 17 August 2018 Ref: R/CAL/SH/RK/JBL/PCF/D11.1 Direct line: +44 (0)207 760

More information

INSOLVENCY PRACTITIONERS ASSOCIATION. CERTIFICATE OF PROFICIENCY IN PERSONAL INSOLVENCY English Version Examination 15 June 2012

INSOLVENCY PRACTITIONERS ASSOCIATION. CERTIFICATE OF PROFICIENCY IN PERSONAL INSOLVENCY English Version Examination 15 June 2012 INSOLVENCY PRACTITIONERS ASSOCIATION CERTIFICATE OF PROFICIENCY IN PERSONAL INSOLVENCY English Version Examination 15 June 2012 PERSONAL INSOLVENCY (3 HOURS) Part A: Part B: Part C: All questions to be

More information

STATEMENT OF INSOLVENCY PRACTICE 9 (E&W)

STATEMENT OF INSOLVENCY PRACTICE 9 (E&W) STATEMENT OF INSOLVENCY PRACTICE 9 (E&W) REMUNERATION OF INSOLVENCY OFFICE HOLDERS ENGLAND AND WALES 1. INTRODUCTION 1.1 This Statement of Insolvency Practice (SIP) is one of a series issued to licensed

More information

A MEMBERS GUIDE TO LIQUIDATORS FEES

A MEMBERS GUIDE TO LIQUIDATORS FEES 1 Introduction A MEMBERS GUIDE TO LIQUIDATORS FEES 1.1 When a Company goes into Members Voluntary Liquidation, the costs of the proceedings are paid out of its assets. A declaration of solvency is sworn

More information

A CREDITORS GUIDE TO LIQUIDATORS REMUNERATION SCOTLAND

A CREDITORS GUIDE TO LIQUIDATORS REMUNERATION SCOTLAND A CREDITORS GUIDE TO LIQUIDATORS REMUNERATION SCOTLAND 1. Introduction 1.1 When a company goes into liquidation the costs of the proceedings are paid out of its assets in priority to creditors claims.

More information

The joint administrators proposals will be available to view and download at from 9.00am on Wednesday 25 April 2018.

The joint administrators proposals will be available to view and download at  from 9.00am on Wednesday 25 April 2018. To all known creditors and Clients 20 April 2018 Our ref: Beaufort/proposals/200418/D420K Dear Sir/Madam, Beaufort Securities Limited - in administration ( BSL ) Beaufort Asset Clearing Services Limited

More information