Principal trading address: Trafford House, Chester Rd, Stretford, Manchester, M32 0RL

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1 C O NT DUPLEX IS CO LO UR 6 80 Ernst & Young LLP 100 Barbirolli Square Manchester M2 3EY Tel: Fax: ey.com TO ALL KNOWN CREDITORS 28 November 2016 Ref: SW/KA/ Direct line: Direct fax: Alison Lennie Dear Sirs Principal trading address: Trafford House, Chester Rd, Stretford, Manchester, M32 0RL On 22 November 2016 the Group entered administration and Samuel James Woodward and Colin Peter Dempster were appointed as Joint Administrators. The appointment was made by the directors under the provisions of paragraph 22 of Schedule B1 to the Insolvency Act I enclose notices of our appointment (copies of Forms 2.11B (Scot) and 2.12B) for your information. As licensed insolvency practitioners we are bound by the Insolvency Code of Ethics when carrying out all professional work relating to the administrations. For the avoidance of doubt, the administration appointments are to these four companies only and do not extend to any other of the Hewden Stuart group companies. 1. Sale of the business On 22 November 2016 we completed a sale of the following assets of HSL to Ashtead Plant Hire - : The plant, equipment and spares assets relating to the Access and Power generation businesses; and The business and assets of the On-site/industrial divisions for a total consideration of 27.4 million (plus VAT where applicable). On the same day, we also completed the sale of the business and assets of IL and TRHL to A-Plant for 2 million. In accordance with Statement of Insolvency Practice 16 ( SIP16 ), a detailed explanation of the transactions is set out throughout this letter and in sections 7, 8 and 9 particularly. The UK firm Ernst & Young LLP is a limited liability partnership registered in England and Wales with registered number OC and is a member firm of Ernst & Young Global Limited. place of business and registered office. Ernst & Young LLP is a multidisciplinary practice and is authorised and regulated by the Institute of Chartered Accountants in England and Wales, the Solicitors Regulation Authority and other regulators. Further details can be found at he /1/

2 C O NT DUPLEX IS CO LO UR Purpose of this letter - nder which the sale of all or part of a and the administrator completes the sale immediately on, or shortly after, appointment. This is the case here and so the purpose of this letter is to inform creditors of the Group, in accordance with SIP16, of the background in relation to the pre-packaged sales of the businesses and majority of the assets of the Group, and to demonstrate to creditors that such pre-packaged sales have been undertaken with due regard to their interests. 3. Background The principal activity of the Group is a plant hire business. The business is headquartered in Manchester with 26 depots and 7 customer sites spread across the UK. The main trading entity within the Group is HSL which has 6 key divisions as follows: Plant Cranes Access Power generation Tools, lightning, non-mechanical and other On-site / Industrial In addition to the above divisions, IL (a 100% owned subsidiary of HSL) specialises in lifting and material handling with plant and machinery. TRHL is a subsidiary of IL and is the online sales business of IL. HPL holds the property assets of the Group. The latest valuation of the portfolio, undertaken by CBRE in September 2014 is c 6.2m. The Senior Lenders (see below) have fixed charge security over the property assets held by HPL. A summary of the financial performance of the Group is provided below: 000 FY11 FY12 FY13 FY14 FY15 FY16 Forecast Revenue 119, ,856 95,391 90,812 83,788 84,100 EBITDA 36,011 32,772 26,011 23,952 26,754 15,600 Interest & Fees (3,213) (5,928) (7,893) (9,700) (12,500) (13,400) he /1/

3 C O NT DUPLEX IS CO LO UR Group bank debt The Group operates with a 135m working capital facility provided by the senior ABL lenders. A further c 55m of 2 nd behind that debt. Following a down-turn in trading during 2016 the Group breached its covenants in relation to this lending and suffered significant cashflow pressure. 4. Initial introduction to the Group The Group engaged the services of Deloitte LLP (a professional services firm) during September 2016 to advise and assist them in preparing an updated short term cash flow and business plan and in turing proposals to the Senior Lenders and CAM. With the Group in breach of its agreed covenants with the Senior Lenders, and unable to meet its payments to CAM, on 21 September 2016 we were asked by the Senior Lenders to perform the following work, whilst the Group and its advisors, lenders and shareholders worked to secure a solvent restructuring of the business: 1. rm cash flow forecast on an ongoing periodic basis from week commencing 19 September 2016; 2. restructuring proposals; and 3. ss plan and on the projected future funding requirements of the Group Through the course of the engagement the financial position of the Group began to destabilise, with a projected funding shortfall which could not be bridged. The Group therefore engaged its advisors to seek a solvent sale of the business (Section 7 gives further details on the marketing and disposal process undertaken). Following this engagement we undertook contingency planning work on behalf of the Senior Lenders before taking over the accelerated sales process for the Group on 7 November Pre-appointment considerations Consideration was given to the strategy to undertake in an administration. Seeking going concern sales of as many parts of the business as possible was judged as likely to be the best outcome for creditors. This is because it would be likely to: he /1/

4 C O NT DUPLEX IS CO LO UR minimise costs of asset realisations (see below) - help to secure debtor recoveries due to ongoing customer relationships; and - minimise preferential creditor claims due to employees transferring under TUPE (Transfer of Undertakings Protection of Employment Regulations). - e to: - the significant health and safety concerns associated with operating the cranes division. The Group maintained a very open and constructive dialogue with both the Senior Lenders and the 2 nd Lien holder in the months leading up to insolvency. Additional liquidity was made available by the Senior Lenders in the final weeks prior to administration to allow a solvent sale to be pursued. The Senior Lenders indicated a willingness to provide working capital funding to the administrators post had been fully exposed to the market in the period prior to administration, then it was advisable to conclude those sales at levels close to valuation as soon as possible after our appointment. As a consequence, following our appointment as administrators, we pursued a pre-pack sale of three parts of the business. 6. Statutory purpose of administration The purpose of an administration is to achieve one of three statutory objectives: a) To rescue the company as a going concern. b) company were wound up (without first being in administration). c) To realise property in order to make a distribution to one or more secured or preferential creditors. The objective being pursued is objective (b). The pre-packaged sales of the businesses and assets enables this objective to be achieved by maximising asset values in the circumstances as follows: These assets had been fully market tested and therefore we can be reasonably sure that the values obtained are the best we could expect; These sales provide certainty in value and timing of realisations; and The proceeds provide funds to allow the administrators time to realise the remainder of the he /1/

5 C O NT DUPLEX IS CO LO UR Marketing, Valuation and Sales Values Achieved of the business and assets In line with its stated strategy, Management had already solicited offers for the powered access business in August/September. 8 parties were approached and 2 offers from credible trade buyers were received. A potential solvent sale of the whole business and/or a restructuring of the current equity and debt crystallised the issue that value appeared to be sufficient to cover the debt owed to the Senior Lenders but not all of the debt owed to the 2 nd lien lender. Discussions then centred on the return to CAM. In light of the deteriorating financial position, and without a satisfactory solvent restructuring solution between the existing shareholders, CAM and the Senior Lenders, Management and its advisors, (Deloitte) commenced a marketing process in respect of the whole of (and shortly thereafter on an individual parts basis) the Group in October As part of the exercise 14 parties (predominantly PE houses and distressed investors) were approached, with one credible PE house being selected as the preferred bidder. No party (including the preferred bidder) was able to reach agreement with CAM. As a consequence, Deloitte were subsequently engaged by the Group in late October 2016 to conduct a piecemeal accelerated disposal process with a view to potentially completing a pre-packaged transaction. In light of the deteriorating liquidity position, and without an alternative funding option available which was acceptable to the Senior Lenders and CAM, at the behest of the Senior Lenders, EY were duly appointed by the Group to continue the piecemeal accelerated sales process on Monday 7 November At the point of hand-over, Deloitte had approached 29 parties. With the assistance of EY Lead Advisory sector experts, we expanded this to 41. In total 21 Non-Disclosure Agreements were signed up. Interested parties were provided with relevant financial information to evaluate the opportunity and undertake an accelerated diligence process. A closing date of 11 November was set for bids on all or parts of the business or assets, We took forward negotiations with various parties. In light of the value offered, ability to transact in the timescales required, composite nature of their offer and related benefits to the creditors from preservation of employment (reducing preferential claims) and continuation of operations (protecting book debts), A-Plant quickly became preferred bidder for a number of asset groups. Wages and salaries were due to be paid on Monday 21 November 2016 which would mean monthly paid employees (the majority of staff) would be paid up to 30 November In light of the mounting creditor pressure, the Directors sought the protection of a moratorium and acted to file a Notice of intention to appoint Administrators on Monday 21 November Without a tangible and deliverable going concern solution, but with a transaction which delivered certainty of outcome and safeguarded the continuing employment of 134 roles, the Directors placed the business into administration on 22 November he /1/

6 C O NT DUPLEX IS CO LO UR For transparency for creditors, we have set out below the various assets that were sold as part of the pre-packaged sale, together with details of the marketing, the valuations and the ultimate sales values achieved. A Plant Sales 6 months OLV (excl ROT) 1 Recovery % against OLV Highest alternative offer Access % 12.8 Power % 3.5 Interlift % 1.3 On-site (excl. Cranes) % 5.9 Additional consideration Hewden Brand Total ) OLV represents the gross orderly liquidation values (stated before agency, transportation and storage costs) for the assets estimated to be realised over a six-monthly liquidation process. The values have been determined by the valuation agents appointed by t Lenders. (see section 8 below for more details) 2) On-site represents 5 industrial depot locations, serving 6 associated key customers. All Plant assets (excluding Cranes) have been transferred in connection with the transaction. In addition book debts of c. 4.5m remain an asset of the Administration to be collected. 3) A further 2.0m of deferred consideration is held on account, and will be released subject to the purchaser meeting preagreed contractual conditions. If this additional consideration is paid over to us this would increase the price to 98% of OLV. 4) We have sought specialist independent valuation advice in respect of the Hewden brand name, and this has been presented in the 6 month OLV column. out in SIP 16. he /1/

7 C O NT DUPLEX IS CO LO UR Valuations In September 2016 the Senior Lenders instructed European Valuations to undertake a full. This was completed on 15 September EV have confirmed their independence and that they carry adequate professional indemnity insurance. which is described as: Liquidation sale, given a reasonable period of time to find (a) purchaser(s); the seller being compelled to section 7 above. are set out in the table in We have instructed Metis Partners to undertake a valuation of the brand and related IP. They valued it at a range from 90,000 up to 490,000. Metis Partners have confirmed their independence and that they carry adequate professional indemnity insurance. The details of these valuers are set out in Appendix B. 9. The transactions We completed three separate transactions with A-Plant immediately upon appointment. a) Access and Power generation assets This transaction included the Access and Power generation assets owned by the Group across its 26 depots. This agreement does not include any freehold or leasehold property and A-Plant are in the process of transferring the Access and Power generation assets to their depots. Total consideration: 17.9 million (83% of OLV). In addition, 84 employees transferred by operation of TUPE. b) Business and assets of IL & TRHL This transaction covered the business, assets and employees of the Interlift subsidiary, together with the purchase of the assets of TRHL. As part of the agreement, A-Plant have been given a licence to occupancy 4 leasehold premises in return for meeting occupancy costs. In addition, 50 employees transferred by operation of TUPE. Total consideration: 2.0m, which equates to a premium of 1.1m over OLV c) On-site / Industrial plant business he /1/

8 C O NT DUPLEX IS CO LO UR This transaction covered the Plant assets, business and employees carried on by the Group at 6 customer sites across the UK. Consideration: 7.0 million being 76% of OLV (rising to 9.0 million (c.98% OLV) if the conditions attaching to the additional consideration are met. In addition we sold the Hewden brand name for a sum of 500,000. Securing sales on these terms brought a number of associated benefits, including: A-Plant continue to operate the six On-site locations protecting book debt recoveries, including preferential employee claims and providing a partial de-risk of the significant obligations (including Health & Safety) attaching to trading the On-site business within an administration; The on-going operation of the Interlift business again protecting book debt realisations, preserving jobs and reducing preferential employee claims; Securing a trading partner who we expect to work alongside in the administration, protecting the wider book debts of the business associated with the Access and Power generation equipment, as well as A-Plant bearing the cost for collection and onward transportation of all assets they have acquired; and Ensuring that c15% of the workforce (134 employees) transferred to A-Plant under TUPE. Of the total consideration of 29.4 million, 27.4 million plus VAT (where applicable), was paid on completion. The sum of 2 million is to be paid six months following completion providing that the On-site plant customers. This sum was placed in an escrow account at completion. IL and TRHL were acquired by the Group earlier this year. Prior to administration the vendor of the business had not been approached as part of the marketing process. We therefore inserted in the IL sales contract an option agreement which would allow us to substitute a sale to the vendor should he be willing to purchase the business and assets (on the same terms) for 2.25 million. This option expires on Tuesday 29 th November The sale proceeds have been apportioned as follows: Category of asset Allocated to fixed charge realisations Allocated to floating charge realisations Total HSL Plant assets - 24,899,995 Customer contracts - 1 Goodwill 2,000,001 - Spares - 1 he /1/

9 C O NT DUPLEX IS CO LO UR Category of asset Allocated to fixed charge realisations Allocated to floating charge realisations Total Transferred records - 1 Business Rights ,000-2,500,001 24,899,999 27,400,000 Category of asset Allocated to fixed charge realisations Allocated to floating charge realisations Total IL Business name - 1 Business rights - 1 Hire contract - 1 Goodwill 399,995 - Plant assets - 1,600,000 Spares - 1 Transferred records ,995 1,600,005 2,000,000 2,899,996 26,500,004 29,400, Connected parties We are not aware of any connection between the Group and its management and the purchaser. 11. Excluded assets The sales to A-Plant did not include the following assets which remain in the administration and will be realised in due course. he /1/

10 C O NT DUPLEX IS CO LO UR All book debts; All Plant assets, spares and tools associated with the remaining parts of the Group; All Crane assets, spares and tools; The On-site / Industrial business relating to cranes; and All freehold and long-leasehold properties. We have made substantially all crane related employees redundant on appointment. We continue to employ depot staff whilst we explore the possible sale of individual depots or groups of depots as going concerns. 12. Other matters In accordance with paragraph 49(5) of schedule B1 to the Insolvency Act 1986, we shall be preparing a report and proposals within eight weeks of our appointment. This report will be made available to all creditors and will give an indication of the likely dividend prospects. If appropriate, meetings of creditors will be convened at the same time. At this time, we will set out our proposals for remuneration and will seek approval for the basis. The statutory provisions relating to remuneration are set out in Rule of the Insolvency Rules 1986 and Rule 2.39 of the Insolvency (Scotland) Rules Further information is given in the Association of which may be accessed from the web site of the Insolvency Practitioners Association at Please note that debts incurred by the Group before our appointment will rank as unsecured claims against the Companies. Any sums due to the Companies arising after our appointment must be paid in full and without set-off against any debts incurred by the Companies prior to our appointment. The directors are required to submit statements of affairs to us and you will appreciate that the full financial position is not yet known. Please send me a detailed statement of any sums due to you from the Companies a claim form is enclosed with this letter for this purpose. Certain debts due from the Companies may be preferential in accordance with section 386 of the Insolvency Act If you consider that you have a claim in this category, please advise me immediately. If you hold any security for your claim or you consider that you have title to any assets in the companies possession, please forward details to me as soon as possible. You may be entitled to VAT bad debt relief on debts arising from supplies more than six months old. This procedure does not involve the Administrators and claims should be made directly to HM Revenue and Customs. he /1/

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12 C O NT DUPLEX IS CO LO UR Summary of Securities held over the Group Appendix A DEBENTURES, FLOATING CHARGES AND ACCESSION DEEDS HEWDEN STUART LIMITED (now HS REALISATIONS LIMITED) 1 Bank of America, NA (London Branch) (as Security Trustee) Debenture 10 February 2015 (created), 12 February 2015 (registered) 2 Bank of America, NA (London Branch) (as Security Trustee) Floating Charge 10 February 2015 (created), 12 February 2015 (registered) 3 FSJC XI, LLC (the Security Agent) Debenture 11 August 2012 (created), 29 August 2012 (registered) 4 FSJC XI, LLC (the Security Agent) Floating Charge 10 August 2012 (created), 29 August 2012 (registered) HEWDEN PROPERTIES LIMITED 1 Bank of America, NA (London Branch) (as Security Trustee) Debenture 10 February 2015 (created), 12 February 2015 (registered) 2 Bank of America, NA (London Branch) (as Security Trustee) Floating Charge 10 February 2015 (created), 12 February 2015 (registered) 3 FSJC XI, LLC (the Security Agent) Debenture 11 August 2012 (created), 29 August 2012 (registered) 4 FSJC XI, LLC (the Security Agent) Floating Charge 10 August 2012 (created), 29 August 2012 (registered) INTERLIFT LTD (now WOODSTER REALISATIONS LIMITED) 1 FSJC XI, LLC (the Security Agent) Accession Deed 12 January 2016 (created), 21 January 2016 (registered) 2 Bank of America, NA (London Branch) Accession Deed 12 January 2016 (created), 18 January 2016 (registered) he /1/

13 C O NT DUPLEX IS CO LO UR THE RIGGING HOUSE LTD 1 Bank of America, NA (London Branch) Accession Deed 12 January 2016 (created), 15 January 2016 (registered) 2 FSJC XI, LLC (the Security Agent) Accession Deed 12 January 2016 (created), 21 January 2016 (registered) OTHER CHARGES HEWDEN STUART LIMITED (now HS REALISATIONS LIMITED) 1 Bank of America, NA (London Branch) (as Security Trustee) 31 October 2016 (created), 1 November 2016 (registered) 2 Bank of America, NA (London Branch) (as Security Trustee) 27 September 2016 (created), 30 September 2016 (registered) 3 Bank of America, NA (London Branch) (as Security Trustee) 5 September 2016 (created), 7 September 2016 (registered) 4 Bank of America, NA (London Branch) 28 July 2016 (created), 1 August 2016 (registered) 5 Bank of America, NA (London Branch) 27 June 2016 (created), 28 June 2016 (registered) 6 Bank of America, NA (London Branch) 26 May 2016 (created), 2 June 2016 (registered) 7 Bank of America, NA (London Branch) 28 April 2016 (created), 10 May 2016 (registered) he /1/

14 C O NT DUPLEX IS CO LO UR Bank of America, NA (London Branch) 16 March 2016 (created), 24 March 2016 (registered) 9 Bank of America, NA (London Branch) 16 March 2016 (created), 24 March 2016 (registered) 10 Bank of America, NA (London Branch) 1 February 2016 (created), 4 February 2016 (registered) 11 Bank of America, NA (London Branch) 21 December 2015 (created), 23 December 2015 (registered) 12 Bank of America, NA (London Branch 20 November 2015 (created), 20 November 2015 (registered) 13 Bank of America, NA (London Branch) 19 October 2015 (created), 19 October 2015 (registered) 14 Bank of America, NA (London Branch) 24 September 2015 (created), 25 September 2015 (registered) 15 Bank of America, NA (London Branch) 21 August 2015 (created), 2 September 2015 (registered) 16 Bank of America, NA (London Branch) (as Security Trustee) 20 July 2015 (created), 27 July 2015 (registered) 17 Bank of America, NA (London Branch) 18 June 2015 (created), 30 June 2015 (registered) 18 Bank of America, NA (London Branch) (as Security Trustee) 22 May 2015 (created), 10 June 2015 (registered) he /1/

15 C O NT DUPLEX IS CO LO UR Bank of America, NA (London Branch) (as Security Trustee) 24 April 2015 (created), 28 April 2015 (registered) 20 Bank of America, NA (London Branch) (as Security Trustee) 24 March 2015 (created), 25 March 2015 (registered) 21 Bank of America, NA (London Branch) (as Security Trustee) 17 February 2015 (created), 20 February 2015 (registered) 22 Bank of America, NA (London Branch) (as Security Trustee) 10 February 2015 (created), 12 February 2015 (registered) HEWDEN PROPERTIES LIMITED 1 Bank of America, NA (London Branch) as Agent and Trustee for the Secured Parties (the Security Trustee) Legal Charge 17 April 2015 (created), 21 April 2015 (registered) 2 Bank of America, NA (London Branch) (as Security Trustee) Standard Security (Old Glamis Road, Dundee, DD3 8JQ) 18 February 2015 (created), 20 February 2015 (registered) 3 Bank of America, NA (London Branch) (as Security Trustee) Standard Security (Old Glamis Road, Dundee, DD3 8JQ) 17 February 2015 (created), 20 February 2015 (registered) 4 Bank of America, NA (London Branch) (as Security Trustee) Standard Security (20 Carmaben Road, Glasgow, G33 4UN) 17 February 2015 (created), 20 February 2015 (registered) 5 FSJC XI, LLC (the Security Agent) Standard Security 31 August 2012 (created), 18 September 2012 (registered) 6 FSJC XI, LLC (the Security Agent) Standard Security 31 August 2012 (created), 18 September 2012 (registered) 7 FSJC XI, LLC (the Security Agent) Standard Security 31 August 2012 (created), 18 September 2012 (registered) he /1/

16 C O NT DUPLEX IS CO LO UR FSJC XI, LLC (the Security Agent) Standard Security 31 August 2012 (created), 18 September 2012 (registered) he /1/

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18 C O NT DUPLEX IS CO LO UR In terms of valuation specifically, this is at the moment an unregulated area and there are no specific distressed intellectual property valuation qualifications we are aware of. We have, since its coming into force, complied with ISO 10668:2010 which relates specifically to Brand valuation but which includes a framework for valuation (including objectives, bases of valuation, approaches to valuation, methods of valuation and sourcing of quality data and assumptions) which we have extended to cover all IP assets. We are also at the forefront of this specialism and are involved in the implementing the recommendations to emerge from the recent European Commission Report on Intellectual Property Valuation. In addition, we can confirm that Metis Partners is an independent intellectual property agent who provide independent, professional advice in order to maximise value from IP assets, and we also carry appropriate levels of professional indemnity insurance for this purpose. he /1/

19 C O NT DUPLEX IS CO LO UR Appendix C SIP16 Information Disclosure Initial Introductions and pre-appointment matters initial introduction involvement prior to the appointment This is detailed in section 4 of the main body of the report. This is detailed in section 4 of the main body of the report. 3. Alternative course(s) of action considered by the Joint Administrators and the possible financial outcome(s) of the alternative course(s) of action This is detailed in section 5 of the main body of the report. 4. Whether efforts were made to consult with major creditors 5. Details of requests made to potential funders to fund working capital requirements 6. Charges registered against the Companies including date these were created 7. Details of any transactions involving the acquisition of the business or business assets from an insolvency process within the previous 24 months and whether the Joint Administrators were involved This is detailed in section 5 of the main body of the report. This is detailed in section 5 of the main body of the report. See Appendix A for details. Not applicable. Marketing and valuation of the business and assets 8. Marketing activities conducted prior to appointment and the effect of those activities 9. Valuations obtained of the business or the underlying assets Disclosures in relation to marketing activities are set out in section 7 of the main body of the report. Disclosures in relation to valuations obtained are set out in section 8 of the main body of the report. Details of Transactions he /1/

20 C O NT DUPLEX IS CO LO UR The date of the transactions The transactions were completed on 22 November The identity of the purchaser The Purchasers were Ashtead Plant Hire Company Limited. 12. Any connection between the purchaser and None. the directors, shareholders or secured creditors of the Companies 13. The names of any directors or former directors of the Companies who are involved in the management, financing or ownership of the purchaser, or of any other entity into which any of the assets were / will be transferred 14. Whether any directors of the Companies had given guarantees for amounts due from the Companies to a prior financier and whether that financier is financing the new business 15. Details of the assets involved and the nature of the transaction(s) 16. The consideration for the transaction, terms of payment, and any condition of the contract that could materially affect the consideration 17. The consideration disclosed under broad asset valuation categories and split between fixed and floating charge realisations (where applicable) and the methods by which this allocation of consideration was applied 18. Any options, buy-back arrangements or similar conditions attached to the contract of sale 19. Details of any security taken by the Joint Administrators in respect of any deferred consideration 20. If the sale is part of a wider transaction, a description of the other aspects of the transaction See answer to Q12 above. We are not aware of any guarantees provided by financiers. The assets and nature of the transactions are detailed in section 9 of the main body of the report. The consideration for the transaction is detailed in section 9 of the main body of the report. This consideration has been remitted (other than the deferred consideration). The allocation of the transaction is detailed in section 9 of the main body of the report. There is an option agreement in relation to the sale of the IL business and assets. This is detailed in section 9 of the main body of the report. 2m of deferred consideration has been placed in an escrow account. Not applicable. he /1/

21 C O NT DUPLEX IS CO LO UR Connected party transactions 21. Details of any connected party approaching the pre-pack pool and whether the prepack pool provided their opinion 22. Details from the connected party stating how the purchaser will survive for at least 12 months from the transaction date and what Not applicable. Not applicable. he /1/

22 C O NT DUPLEX IS CO LO UR 6 80 he /1/

23 C O NT DUPLEX IS CO LO UR 6 80 Convocatoria para la presentación de créditos. Plazos aplicables Opfordring til anmeldelse af fordringer. Vær opmærksom på fristerne Aufforderung zur Anmeldung einer Forderung. Etwaige Fristen beachten! Nõude esitamise kutse. Järgitavad tähtajad. Invitation to lodge a claim. Time limits to be observed Invitation à produire une créance. Délais à respecter - Oproep tot indiening van schuldvorderingen. In acht te nemen termijnen Aviso de reclamação de créditos. Prazos legais a observar Kehotus saatavan ilmoittamiseen. Noudatettavat määräajat Anmodan att anmäla fordran. Tidsfrister att iaktta Woodster Realisations Limited (formerly Interlift Limited) (In Administration)* / The Rigging House Limited (In Administration)* *Delete as appropriate Date of Administration: 22 November 2016 Please refer to the notes at the end of this form. Name of Creditor Address Total amount of claim as at 22 November 2016 Less: any payments made to you after 22 November 2016 in respect of the claim Less: any adjustments for set off in accordance with Rule 2.85 ( ) ( ) Net claim after deductions Amount of any outstanding uncapitalised interest included in claim Amount of any VAT included in claim Is the whole or any part of your claim preferential, within the meaning of section 386, schedule 6, of the Insolvency Act 1986? If so, into which category of debt does it fall? Continued on next page ADM10A07 he /1/

24 C O NT DUPLEX IS CO LO UR 6 80 Particulars of how and when the debt was incurred. Is your claim secured? If so, please provide the following information: the nature of the security the date on which it was given the value which you put on the security If you claim or have claimed reservation of title in respect of goods to which the debt refers, please give details here. Signed Signature on behalf of creditor Name Address Authority to sign on behalf of creditor Date File with Michael Warbrick Reviewed by ADM10A07 he /1/

25 C O NT DUPLEX IS CO LO UR 6 80 Notes to Administration Proof of Debt Form: 1. Please attach a detailed statement of your account as at the date on which the company entered Administration. 2. VAT bad debt relief may usually be claimed six months after the date of supply. 3. The Administrator may call for any document or other evidence to be produced if it is considered necessary for the purpose of substantiating the whole or any part of the claim made. 4. The Joint Administrators may collect, use, transfer, store or otherwise process (collectively, ). They may Process Personal Data in various jurisdictions in accordance with applicable law and professional regulations including (without limitation) the Data Protection Act ADM10A07 he /1/

26 C O NT DUPLEX IS CO LO UR 6 80 he /1/

27 C O NT DUPLEX IS CO LO UR 6 80 The Insolvency Act 1986 Notice of Claim for Voting Purposes Convocatoria para la presentación de créditos. Plazos aplicables. Opfordring til anmeldelse af fordringer. Vær opmærksom på fristerne Aufforderung zur Anmeldung einer Forderung. Etwaige Fristen beachten!. µ Invitation to lodge a claim. Time limits to be observed Invitation à produire une créance. Délais à respecter I Oproep tot indiening van schuldvorderingen. In acht te nemen termijnen Aviso de reclamação de créditos. Prazos legais a observar Kehotus saatavan ilmoittamiseen. Noudatettavat määräajat Anmodan att anmäla fordran. Tidsfrister att iaktta he /1/

28 C O NT DUPLEX IS CO LO UR 6 80 Rule 4.15 The Insolvency Act 1986 Form 4.7 (Scot) Statement of Claim by Creditor Pursuant to Rule 4.15(2)(a) of the Insolvency (Scotland) Rules 1986 WARNING It is a criminal offence for a creditor to produce a statement of claim, account, voucher or other evidence which is false, unless he shows that he neither knew nor had reason to believe that it was false; or for a director or other officer of the company who knows or becomes aware that it is false to fail to report it to the liquidator within one month of acquiring such knowledge. On conviction either the creditor or such director or other officer of the company may be liable to a fine and/or imprisonment. Notes (a) Insert name of company (b) Insert name and address of creditor (a) HS Realisations Limited (formerly Hewden Stuart Limited) (In Administration)* / Hewden Properties Limtied (In Administration)* *Delete as appropriate (b) (c) Insert name and address, if applicable, of authorised person acting on behalf of the creditor (d) Insert total amount as at the due date (see note (e) below) claimed in respect of all the debts, the particulars of which are set out overleaf (e) The due date in the case of a company (i) which is subject to a voluntary arrangement is voluntary arrangement: (ii) which is in administration is the date on which the company entered administration (iii) which is in receivership is the date of appointment of the receiver; and (iv) which is in liquidation is the commencement of the winding up. (c) I submit a claim of (d) in the liquidation of the above company and certify that the particulars of the debt or debts making up that claim, which are set out overleaf, are true, complete and accurate, to the best of my knowledge and belief. Signed Creditor/person acting on behalf of creditor The date of the commencement of the winding up is: Date (i) in a voluntary winding up the date of the resolution by the company for winding up (section 86 or 98); and (ii) in a winding up by the court, the date of the presentation of the petition for winding up unless it is preceded by a resolution for voluntary winding up (section 129) he /1/

29 C O NT DUPLEX IS CO LO UR 6 80 Rule 4.15 Form 4.7 (Scot) (Cont) PARTICULARS OF EACH DEBT Notes A separate set of particulars should be made out in respect of each debt. 1. Describe briefly the debt, giving details of its nature, the date when it was incurred and when payment became due. Attach any documentary evidence of the debt, if available. 2. Insert total amount of the debt, showing separately the amount of principal and any interest which is due on the debt as at the due date (see note (e)). Interest may only be claimed if the creditor is entitled to it. Show separately the VAT on the debt and indicate whether the VAT is being claimed back from HM Customs and Excise. 3. Insert the nature and amount of any preference under Schedule 6 of the Act claimed in respect of the debt. 4. Specify and give details of the nature of any security held in respect of the debt including a) the subjects covered and the date when it was given; b) the value of the security. Security is defined in section 248(b) of the Insolvency Act moveable), any floating charge and any right of lien or preference and any right of retention (other than a right of For claims in administration procedure security also includes a hire purchase agreement, agreement for the hire of goods for more than three months and a conditional sale agreement (see Rule 2.33). In liquidation only the creditor should state whether he is surrendering or undertakes to surrender his security; the liquidator may at any time after 12 weeks from the date of commencement of the winding up (note (e)) require a creditor to discharge a security or to convey or assign it to him on payment of the value specified by the creditor 5. In calculating the total amount of his claim in a liquidation, a creditor shall deduct the value of any security as estimated by him unless he surrenders it (see note 4). 6. In the case of a member state liquidator creditor, specify and give details of underlying claims in respect of which he is claiming as a creditor. 1. Particulars of debt: 2. Amount of debt: 3. Preference claimed for debt: 4. Security for debt: 5. Total amount of the debt: 6. Underlying claims he /1/

30 C O NT DUPLEX IS CO LO UR 6 80 Notes to Administration Statement of Claim Form: 1. Please attach a detailed statement of your account as at the date on which the Company entered Administration 2. If your claim is preferential (e.g., for wages, holiday pay or certain pension arrears) or secured please give details and attach supporting documentation. 3. VAT bad debt relief may usually be claimed six months after the date of supply. Extracts from the Insolvency (Scotland) Rules hire-purchase, conditional sale and hiring leasing agreements 1. Subject as follows, an owner of goods, under a hire-purchase agreement or under an agreement for the hire of goods for more than 3 months, or a seller of goods under a conditional sale agreement, is entitled to vote in respect of the amount of the debt due and payable to him by the company on the date that the company entered administration. 2. In calculating the amount of any debt for this purpose, no account shall be taken of any amount attributable to the exercise of any right under the relevant agreement, so far as the right has become exercisable solely by virtue of the making of an administration application, a notice of intention to appoint an administrator or any matter arising as a consequence, or of the company entering administration. he /1/

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