On 16 June 2009, Simon Paterson and David Elliott were appointed joint administrators of the company. The company is currently continuing to trade whilst buyers for the various divisions are sought.
What will happen now?
The joint administrators will be seeking to maximise the recovery for creditors by way of a going concern sale of the business. They will continue to trade with suppliers and if any orders are received, they will be accompanied by a purchase order from the administrators, signed by an authorised signatory.
What will happen next?
Creditors’ claims
Creditors should complete the attached claim form and return it, with supporting documentation to the joint administrators at:
Moore Stephens LLP
Victory House
Quayside
Chatham Maritime
Kent
ME4 4QU
or by fax: 01634-895101 or by email to lynn.tremain@moorestephens.com
If a supplier considers that they have a claim for retention of title against any items supplied to the company, they should forward copies of all orders, invoices and terms and conditions to the joint administrators.
Reports to creditors
Within eight weeks of appointment, the joint administrators will issue a report to creditors detailing the progress made in realising the assets of the company, how the administration has been conducted and the administrators proposals for the completion of the administration.
Contacting the administrators
All claims received from creditors will be acknowledged by post or email as quickly as possible. Once your claim has been received, you will then receive a copy of any report despatched by the administrators after the date of receipt. In order to deal with your enquiry as quickly as possible, it is important that your claim and queries are made in writing.
David Elliott
19 June 2009