Rule 4 34 Form 4 20 S.95/99 The Insolvency Act 1986 Statement of Company’s Affairs Pursuant to section 95/99 of the Insolvency Act 1986 For Official Use To the Registrar of Companies Company Number 02746162 Name of Company (a) Insert full name of (a) Chesterfield Extrusions Limited company (b) Insert full name and We (b) addresses Paul Gordon-Saker Carrington Mitchell Tapton Park Innovation Centre Brimington Road Chesterfield Derbyshire $41 0TZ United Kingdom (c) Insert date the liquidator(s) of the above-named company attaches a statement of the company's affairs as at (c) 7 March 2013 For Official Use Presenter’s name, Carrington Mitchell Liquidation Section Post Room address and reference Hc (if any) Tapton Park Innovation Centre Brimington Road Chesterfield Derbyshire S41 0TZ United Kingdom 09/03/2013 #208 COMPANIES HOUSE Rule 4 34-CVL Form 4 19 Statement of Affairs (TITLE) Statement as to affairs of Chesterfield Extrusions Limited On the 07 March 2013 being a date not more than 14 days before the date of the resolution for winding up Statement of truth | believe that the facts stated tn this Statement of Affairs are true Full Name Margaret Rawnsley Signed e-RermtZ- Signed Dated 07 March 2013 SATURDAY ~ *A23RBL7L* A10 09/03/2013 #205 COMPANIES HOUSE Signature att? Date 07 March 2013 Chesterfield Extrusions Limited A - Summary of Assets Assets Book Value Estimated to Realise Assets subject to fixed charge Assets: Estimated total assets available for preferential creditors NIL Signature. t THE Date 07 March 2013 A1 - Summary of hlabilities Estimated to Realise Estimated total assets available for preferential creditors NIL (carried from page A) Preferential creditors 0 Total Preferential Claim 0 Estimated deficiency / surplus as regards preferential creditors 0 Estimated total assets available for floating charge holders 0 Debts secured by floating charges 0 0 Estimated deficiency/surplus of assets after floating charges 0 NIL Total assets available to unsecured creditors Unsecured non-preferential claims (excluding any shortfall to floating charge holders) Directors Loans 70,000 Employees' Claims 0 HM Revenue & Customs 24,185 Trade Creditor 15,753 Utility Creditor 567 (110,505) Estimated surplus / deficiency as regards non-preferential creditors (110,505) Issued and called up capital Ordinary 100 (100) Estimated total deficiency / surplus as regards members (110,605) Signature a Date 07 March 2013 [o | | 2b Obl 'Onh3 [ sjeio1 | GS9 EAD ‘Anuercg 0 £9 9963 ‘WeUUIY ‘PEOY SUEY] 1S ‘BSNOH awNoqieus Auoyiny 4872/4 ued] Wares [o | | 00 000'023 APB LS ‘PIaysa}seyD ‘plogmen ‘Ae uojsIUCD z | Agisumey yorebsey | [0 | [ 0g Lro'ses Nd OvS ‘Pleylaiseyo ‘adel owe | aid yueg aS spAor7 | [o | [ 20 ese'p3 Ndi OFS ‘Plawelsey ‘aed oe | pau yueg GSi SPA | 0 Ze bEs'ZZ3 ONE LAAN ‘uopuo) ‘peoy uojsny 9gz ‘aMo] UO\sNg | (1 ya) swoysng g enusrdy WH ‘ one (AAvd) 0 00 O0E'LS LMN ‘uopuo7 ‘peoy uoisny 9gz ‘Jomo uojsng swoysn9 9 ANUaASY WH 0 one {xe | uoneodsoD) 00 13 LMN ‘uopuo’ ‘peoy uoysng 9gz ‘wamo] uoysny swojsng 9 snusAsYy WH 0 | [ 00 OOP‘ LS ZNE vlad ‘yIpued ‘AeAA UMOID pa}Iwi asnoyY satuedwog | 3 uaaib Ayanoes Ayunoes Joypaso juewiey Jo ONjeA ajeq Aq pyay Ayunsas Aue jo sjieyaq | }qap yo junowy (2poojsod yim) ssasppy 10 JOJIP|I9 Jo aweN uoissassod sAuedwoo ay) ul AedoJd J8A0 all} yo UONUa}9) BulUE| Sio}Ip|Id pue Sad!AJas JO spooB jo Ajddns au) jo aoueApe ul pled sjunowe Burwiej> ssawojysno pue sjuawaesbe ajes jeuONIpUOD Jo Buisea) jayeyo ‘oseyound-aviy JapuN suoyipazo Aue Ajnuapl pue SJojIpaso je APN|OUI}SNW NOA aION SYOLIGSYD ANVdWOD q el €L0¢ yew 20 aeQ aunyeuBbis 3 uaaib Ayunses Ayunoas JOyIpaso yuewile|o jo onjea ayeg Aq play Ajinsas Aue jo sjiejag | }qap jo junowy (aposjsod yim) ssaippy 10 JO}IP|IO Jo SweN uoissassod s,Auedwos ayy ui Apadoid J9A0 ay) Jo UOlUa}a1 BuIWIe]D SuC}IPaso PUe SadI~Jas 10 spo Jo Ajddns ay) yo eoueApe ur pied sjunowe Burwiejs ssawojsnd pue sjugweabe ales jeUOlpuos Jo Buisea| jayeyo ‘eseyound-auiy sapuN ssojyipalo Aue Ajjuapl pue ssO}IPaJo [je SpNjourjsMW NOA BION SYOLIGAYD ANVdWOS g aunyeubis €L0z Yew 20 eq 66 Aseuipso 4S8 LPS ‘enyushqieg ‘plsyayseyg ‘AeA UOISIUOD Z Agjsumey josebiew 00 663 b Aseurpio XVS LEON ‘aulyshqued ‘playysy-ul-uoIng ‘WeyouM| @UL ZZ now Aueg 00 13 Joquaw anjea jeulWmoN SOJLYS JO ‘ON aseys jo odAL (apoojsod ym) ssaippy 40 Japjoyaseys jo aweN SYaaWaW ANVdWOD +?) CREDITOR QUESTIONNAIRE SDSCOMPANYREPORT Chesterfteld Extrusions Limited TO BE COMPLETED IF YOU WISH TO DRAW MATTERS TO THE LIQUIDATORS’ ATTENTION Name of Creditor Address Estimated Claim If the estmated claim exceeds the credit limit, on what basis or terms was the additional credit allowed? Please provide details of any comfort, security or assurance given to you to allow continuance of credit When were you first aware that there were difficulties in getting payment and what was the evidence of this? Eg extended credit, on account payments, dishonoured cheques Please provide details, including dates, of any decrees or other legal action you took to recover your debt Please provide details of any cheques which were dishonoured, including dates and amounts Are there any particular matters you feel should be reviewed? If so, please provide brief details Signature Name (Block Capitals, please) Position Date CHESTERFIELD EXTRUSIONS LIMITED Report for Meeting of Creditors (S98 Insolvency Act 1986) 07 March 2013 Private & Confidential This Report is for use by the Members and Creditors of the Company only and must not be published or provided to any other party without the written permission of Carrington Mitchell Carnngton Mitchell Tapton Park Innovation Centre Brimington Road Chesterfield Derbyshire $41 OTZ United Kingdom Carrington Mitchett have not carried out anything In the nature of an audit of this information nor sought to verify the existence of, title to and value of the company’s assets and liabilittes We have however discussed a draft of this report with the Directors and they have confirmed that there are no matenal errors or omissions CONTENTS « Statutory Information ¢ Company History e Financial Information e Directors’ Estimated Statement of Affairs as at O7 March 2013 e List of Creditors e Deficiency Account Chesterfield Extrusions Limited Statutory Information Company Number: 02746162 Date of Incorporation: 09/09/1992 Nature of Business: Other Manufacture Not Elsewhere Classified Registered Office: Formerly Unit 6 Reform Street Sutton-in-Ashfield Nottinghamshire NG17 5DB Changed to Tapton Park Innovation Centre Brimington Road Chesterfield Derbyshire $41 0TZ Trading address: Unit 6 Reform Street Sutton-in-Ashfield Nottinghamshire NG17 5DB Directors inthe last3 Appointed Resigned years: Margaret Rawnsley 09/09/1992 To Date Secretaries in the last 3 Appointed Resigned years: Barry Moll 27/02/1996 To Date Auditors: None Debentures: None Authorised and Issued 100 shares authorised at a value of £1 00 each Share Capital: 100 shares issued Meal Chesterfield Extrusions Limited Director's Report on the History of the Company Chesterfield Extrustons Limited was tnitally incorporated as Flow Flex Limited in September 1992, the name was then changed to Chesterfield Extrusion Limited in January 1993 and finally, to Chesterfield Extrusions Limited in March 2005, from leased premises at 95 Saltergate, Chesterfield S40 1LA The company was initially funded by finance which was used to purchase the contents of the factory As the company progressed, Its future seemed promising and as a result in 1998 the director made the decision to move to larger premises at Pleasley Vale Business Park, Mansfield NG19 8RL and hired more employees Business was going well and continued to expand In 2010, the director again made the decision to move premises to Reform Street industrial Estate, Sutton-in-Ashfield This proved not to be the best choice as due to the recession, cut backs had to be made including staffing levels and the new premises were now too big The company continued to struggle due to building contractors making cut backs and also the increase in costs of materials This had a huge impact on the company’s cash flow The director made the decision to increase their prices Unfortunately, this cost the company tts biggest customer as they decided to close branches, following sult of others and due to cheaper imports from such as China The company was trading at a loss and due to the current climate, it was evident, It was not able to trade through and the decision was made by the director to place the company into Creditors Voluntary Liquidation The company director approached The insolvency Group who referred the director to Carrington Mitchell Limited on the 31 January 2013, to assist with placing the company into creditors’ voluntary liquidation Chesterfield Extrusions Limited The only financial information available 1s the abbreviated accounts filed at Companies House The directors have not been able to provide any recent management accounts Abbreviated Balance Sheet as at 31 August 2012 As at 31/08/2012 £ Fixed Assets Tangible Assets 21,164 Current Assets Stock Debtors Prepayments and Accrued Income Creditors: amounts falling Due within 1 year Net current liabilities (119,117) Total assets less current liabilities (97,953) Creditors: amounts falling Due more than one year 37,372 Net Liabilities (135,325) Capital and reserves Called up share Capital 100 Profit and Loss Account (135,425) Shareholders’ funds (135,325) (61981) Ses'9e (6S7'66) JES, [BIDUBUI4 BY} JO} WYOId/(SSO7) SONIANOY AIEUIPIO UO IJO1d/(SSO[) UO KVL (61884) Ges‘9F (69z'66) XVL d1ojag santanoy Areulpio UO }JO1d/(SSO7) ZvL'9 €26 | v6 sabieyo seis pue ajqeAegd \sa1a}U| (ZZ9'ZL) 8SPr'se (S9L'66) (sso) jijord Buneiedo }eN GLE'S2 LLL'LE e8L'OL GLe'SZ LiL‘ LE 88l ‘OL sasuadxg aaAesjsiulupy sasuedxy €02'29 622'02 (216'82) WjOld/(SSOF) SSIS) SeL‘ce 60e'e8 LO9'8SL sajes Jo \sop Se'rrl BEG‘ESL ¥Z9'6Z1. JBAOUINL OL0Zz/80/Fe bLOz/S0/Le ZLOZ/BO/LE papug sea, pepug seo, poepug ues, pepug siea, ay} 104 S}JUNODIY SSO] PUr }JOl1dg 94} Wody S}oRIyXA (10922) (990'9€) (Sze‘sel) spun suapjoyaseus (102'22) (991 ‘9¢) (Szp‘seL) junoooy SSO] puke Wold ool OOL OOL jeytdeg aueus dn payed Aq pejuesaidey (109'Z2) (990'9¢) (Sce'SeL) seniqety JeN (ZZ¢'vz) g0c'L (€96'26) (saniqel|)juauino ssa sjasse |e]O] (Z18'9S) (692'92) (ALL'6LL) SONIgely JUasND oN 622 OY ZZeLE Ze LE 1eak Buo Ue} SLOW — SIO!PAD 980'S/L SLL'SrL 2062 Jeak uo UeU] SSB] — SJO}PIID samigery 697 SLL 60 SLL 0614 sjessy Je]OL ze - - yueg ye ysed Loz'9 00's LLQ'S AWOSU] penooy pue sjuawAedaig S0S'ez Z972'€t (Lz) $Jo}qeq 18628 2v9'68 - 90S Gbr'te G10'8¢ POL'Le sjessy paxil sjessy 3 3 3 OL/BO/LE LL/QO/LE ZLIQO/LE W SV W SV W SV zbLoz ysnBny Le ye sy yeoyug sauejeg Wiody $}DeIX CHESTERFIELD EXTRUSIONS LIMITED Comments on the Directors’ Statement of Affairs The Statement of Affairs does not reflect the costs of insolvency and realisation Assets The company has no assets as it ceased to trade in November 2012 Creditors The unsecured claims total £146,146 47, | would point out that the amounts shown have been provided by the director, which may not necessarily agree with your own records However, the amounts stated will not prejudice your claim as it will be agreed by the Liquidator in due course Creditors may also be entitled to clam VAT Bad Debt Relief on their claims £70,000 of the unsecured claims total relates to the fund that the director personally injected into the Company Shares The issued and fully paid up share capital is £100 resulting in an overall total deficiency of £100 Chesterfield Extrusions Limited in Creditors Voluntary Liquidation Summary Statement of Affairs Summary of Assets Assets [Book Value £ Estimated to Realise £ | Assets subject to fixed charge Assets- Estimated total assets available for preferential creditors NIL Summary of habilities L Estimated to Realise £ | Estimated total assets available for preferential creditors NIL Preferential creditors 0 Total Preferential Claim ie) Estimated deficiency / surplus as regards preferential creditors 0 Estimated total assets available for floating charge holders 0 Debts secured by fioating charges 0 0 Estimated deficiency/surplus of assets after floating charges 0 NIL Total assets available to unsecured creditors Unsecured non-preferential claims (excluding any shortfall to floating charge holders) Directors Loans 70,000 Employees’ Claims te) HM Revenue & Customs 24,185 Trade Creditor 15,753 Utility Creditor 567 (110,505) Estimated surplus / deficiency as regards non-preferential creditors (110,505) Issued and called up capital Ordinary 100 (100) Estimated total deficiency / surplus as regards members (110,605) pee? CHESTERFIELD EXTRUSIONS LIMITED Deficiency Account for the period to 01 September 2012 to 07 March 2013 Profit Loss £'000 £'000 Loss brought forward for the period to 31 August 2012 (135,325) Estimated (loss)/profit for the period 01 September 24,720 2012 to 07 March 2013 Total net deficiency as per Statement of Affairs (110,605) (g09'01 F) €10z YEW 40 je se suleye jo JUaWA}e]}s 3) Jad siaquaw spuebes se Aqualoyeg 02L'bz s]unoooe jse| ous s}lyosd/saso| paynuaepu] ppy/Sse7] - Aouepunpal — suuie|a aadojdiug - @dI}0U jo nat ul Aed — swiejo aakojdwy - uonepindr] jo aouanbasuos e se Buse saiyiqer ssaq - Sa[DIYaA JO}OYY - Siqap yoo, - Ayadosd pjoysesy ° {I!mwpoos - uojepinbr] Jo aduaNbasuoo e se Yo Ua}WM SanjeA Jessy ssa (Sze‘sel) ZL0Z IsnBny L¢ ye se sjunoooe payipne sad saniasey 3 3 €b0Z Yue 20 32 JUNOIDy Aoualoyaq g Xipueddy Mrs Margaret Rawnsley, a director and 99% shareholder of this Company will be acting as Chairman of the Meeting Mrs Rawnsley will be assisted by Paul Gordon-Saker who was appointed Liquidator at a Meeting of Members held earlier today Pau! Gordon-Saker has had no prior involvement with either the Company or the Shareholders The Meeting of Members was held at Raincliffe House, Barker Lane, Brampton, Chesterfield $40 1DU on 07 March 2013 at 11 00 am with Members unanimously agreeing to short notice The Director gave instructions for the Meeting of Creditors to be convened on 31 January 2013 and notices were despatched on 20 February 2013 The Director has agreed that Carrington Mitchell should receive a fee of £2,500 plus disbursements for assisting in the preparation of the Statement of Affairs and for convening the Meeting of Creditors No other fee has been paid by the Company or its Directors to Carrington Mitchell in the period since that firm were first consulted by or on behalf of the Company or its Directors