Rule 4 34-CVL The Insolvency Act 1986 Form 4 20 5.95/99 STATEMENT OF COMPANY'S AFFAIRS Pursuant to Section 95/99 of the Insolvency Act 1986 For official use Company Number 02948123 To the Registrar of Companies Company Number | MARKETBEST PLANT LIMITED [Insert full name(s) and address(es)] |, P Deyes of Leonard Curtis, Albion Court, 5 Albion Place, Leeds LS1 6JL, the Joint Liquidator of the above named Company, attach a statement of the Company's affairs as at 11 March 2015 Date 13 March 2015 OP? ee Presentor’s name, address and reference (if any) For official use Leonard Curtis Tower 12 18/22 Bridge Street Spinningfields Manchester M3 3BZ For official use THURSDAY *A43IATGO* A26 19/03/2015 #116 COMPANIES HOIGE Rule434-CVL Form 419 Statement of Affairs Statement as to affairs of MARKETBEST PLANT LIMITED on the 11 March 2015 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 in this Statement of Affairs are true Full name LL}. We chon con Signed \( ¥. MA tae tt \¢ Dated CVLMF419 06-04-10 MARKETBEST PLANT LIMITED APPENDIX I DIRECTOR'S ESTIMATED STATEMENT OF AFFAIRS AS AT 14 MARCH 2015 Book value Estimated to Realise Note £ £ £ £ Assets Specifically Pledged Goodwill 4 Nil Nil tess HSBC Bank Pic 1 (408,858) (408,858) Surplus / (Shortfall) c/fwd - (408,858) (408,858) Assets Not Specifically Pledged Connected Debtors 2 426,165 46,500 Plant and Machinery 85,034 Nil Ls] Motor Vehicles 2 36,415 Nil 547,614 46,500 Preferentiat Creditors Employee Claims / ERA 2006 Claims (est ) 3 Nil (1,000) Net Property available for Prescribed Part* 547,614 45,500 Less Prescnbed Part 4 Nia Nia Available for Floating Charge Creditor 547,614 45,500 Shortfall b/fwd. - HSBC Bank Ple (408,858) (408,858) Surplus / (Shortfall) cfwd 138,756 (383,358) Add Prescnbed Part 4 Nia Na Available for Ordinary Unsecured Creditors 138,756 Nil Ordinary Unsecured creditors Employee Claims / ERA 2006 Claims (est) Ni (15,000) ow H M Revenue & Customs - CVA (est ) (99,058) (99,058) H M Revenue & Customs - PAYE / NI (est) (8,405) (8,405) an H MRevenue & Customs - VAT (est ) (53,209) (53,209) Connected Creditors (est } (237,093) (237,093) SP Trade and Expense Creditors (est } (15,204) (15,204) Total Ordinary Unsecured Creditors (412,969) (427,969) Estimated Deficiency as regards Unsecured (274,213) (427,969) Creditors Shortfall b/fwd - HSBC Bank Pic Nil (363,358) Estimated Deficiency as regards Creditors (274,213) (791,327) issued share capital (100) (100) Estimated Deficiency as regards Members (274,313) (791,427) | Signed MM 41 March 2015 MARKETBEST PLANT LIMITED APPENDIX Ii NOTES TO THE ESTIMATED STATEMENT OF AFFAIRS All book values have been taken from the Company's latest financial information or from valuations obtained from independent valuation agents {t should be noted that no provision has been made for the costs of preparaton of the same, the costs of convening the meetings of members and creditors, agents’ costs or the costs and expenses of the Liquidation 1 Assets Specifically Pledged Goodwill The book value of the goodwill has been extracted from the Company's balance sheet as at 31 March 2014 HSBC Bank Plc hold secunty by way of a debenture created on 8 December 1997 and registered on 18 December 1997 It is understood that the Bank has a cross Company guarantee covering any sums due from Marketbest Limrted and Marketbest Yorkshire Limited Assets Not Specifically Pledged Connected Debtors Details of the connected debtors are provided below Marketbest Limited - £191,157 Marketbest Yorkshire Limited - £188,508 Amen Plant Ltd - £46,500 The book value of the sums due from Marketbest Yorkshire Limited and Amen Plant Ltd has been extracted from the Company's books and records The amounts due from Markethest Limited has been taken from the amount detailed in the proposal for the Company Voluntary Arrangement There Is a further amount due in the Company books and records, however given the inaccuracies in the books and records this amount has been excluded from the statement of affairs, however will be investigated further dunng the liquidation Given the insolvencies of Marketbest Limited and Marketbest Yorkshire Limited, it is not anticipated that funds will be received fram this source The book value of the sums due from Amer Plant Ltd £46,500 is due from Amen Plant Ltd, ard this is anticipated to be received shortly Plant and Machinery The Company owned an amount of ‘yellow’ plant and machinery, located at vanous sites We understand that items were sold on 2 January 2015, to Amen Plant Ltd, a connected Company Motor Vehicles The Company owned three motor vehicles We understand that ttems were sold on 2 January 2015, to Amen Plant Ltd, a connected Company Signed 11 March 2015 MARKETBEST PLANT LIMITED APPENDIX It NOTES TO THE ESTIMATED STATEMENT OF AFFAIRS (cont.) Employee Claims f ERA’'2006 Claims (est.} Where applicable, employees will be entitled to make claims (subject to certain imits) under the Employment Rights Act 2006 (ERA'2006) from the government department known as the Redundancy Payments Service ('RPS"). The Employee claims may include arrears of pay, holiday pay, compensation in lieu of notice and tedundancy Where applicable, the RPS will make payments directly to the employees and then the RPS will then lodge a claim agaist the Company in respect of the payments it has made Employee Claims / ERA’2006 have been estimated for the purposes of the statement of affairs and are not considered as agreed amounts Prescribed Part As the Company has no unsatisfied post-Enterpnse Act charges, there will be no requirement to set aside a prescnbed part in this case HM Revenue & Customs - PAYE / NI & VAT The flability to HMRC in respect of unpaid PAYE, NIC and VAT has been extracted from the Company's books and records as provided by the directors and / or the Company's advisors The outstanding liabilities are in respect of the folowing penods Debt incurred prior to the CVA ~- £99,058 VAT accrued to 30 June 2014 - £53,209 PAYE accrued to 30 June 2014 — £8,405 We understand that there may be further VAT and PAYE accrued since 30 June 2014 Connected Creditors Details of the connected creditors are provided below Marketbest Yorkshire Limited - £112,293 Marketbest Limited - £124,800 The amount due to Marketbest Yorkshire Limited has been taken from the amount detailed as due in the proposal for the Company Voluntary Arrangement The amount due to Marketbest Limited has been extracted from the Company's books and records as provided by the directors and / or the Company's advisors The amounts shown should not be regarded as agreed Trade and Expense Creditors Details of the Company's trade and expense creditors have been extracted from the Company's books and records as provided by the directors and / or the Company's advisors A detailed list of these amounts has been provided at Appendix It The amounts shown should not be regarded as agreed Signed 11 March 2015 MARKETBEST PLANT LIMITED APPENDIX III SCHEDULE OF CREDITORS See attached list Signed = 44 March 2015 B - Company Creditors M838K Marketbest Plant Limited Code Name & Address Amount of Debt C0001 Censis 9,809 77 Chartered Accountants Exchange Buildings 66 Church Street HARTLEPOOL TS24 7ON c0002 HM Revenue & Customs 99,057 59 Voluntary Arrangements Service Durnngton Bridge House Barngton Road Worthing BN4 3UZ C0003 HM Revenue & Customs 61,61400 Insolvency Claims Handling Unit (ICHU} Benton Park View Longbenton Newcastle NE98 12Z 0004 Hutton Services Limited 5,384 56 26 Church Street Eccles Manchester M30 ODF C0005 Marketbest Limited 124,800 00 Exchange Building 66 Church Sireet Hartlepool TS$24 7DN c0007 Marketbest Yorkshire Limited 112,293 00 Exchange Building 66 Church Street Hartlepool $24 7DN €0008 HSBC Bank Plc 408,858 00 31 Bdge Street Blyth Northumberland NE24 2AB C0009 Preferential Creditors 1,000 00 ca010 Employee Claims / ERA 2006 Claims 15,000 00 £837,826 92 Signature - Date \ M8a8K Page 1/1