Rule 4 34-CVL The Insolvency Act 1986 Form 4 20 S.95|99 STATEMENT OF COMPANY'S AFFAIRS Pursuant to Section 95/99 of the Insolvency Act 1986 For official use Company Number 03006368 To the Registrar of Companies Company Number | MARKETBEST YORKSHIRE 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 Signed Date 13 March 2015 a Presentor's name, address and reference (if any) For official use Leonard Curtis Tower 12 18/22 Bridge Street na Spinningfields Manchester M3 382 For official use 49/03/2015 #118 COMPANIFS HOUSE Rule 4 34-CVL Form 4 19 Statement of Affairs Statement as to affairs of MARKETBEST YORKSHIRE 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 { D bi ene a Full name Signed Vl Wkywot( oir Dated CVLMF419 06-04-10 MARKETBEST YORKSHIRE LIMITED APPENDIX | DIRECTOR'S ESTIMATED STATEMENT OF AFFAIRS AS AT 11 MARCH 2015 Book value Estimated to Realise Note £ £ £ £ Assets Specifically Pledged Goodwill 1 Nil Nil less HSBC Bank Pic 4 (408,858) (408,858) Surplus / (Shortfall) c/fwd - (408,858) (408,858) Assets Not Specifically Pledged Debtors and Retentions 377,871 nk Connected Debtors 417,211 Nit 795,082 Nil Preferential Creditors Employee Claims / ERA 2006 Claims (est ) (Nil) (Ni) Net Property available for Prescribed Part* 795,082 Nil Less Prescnbed Part Nia (Nil) Available for Floating Charge Creditor 795,082 Nit Shortfall b/fwd - HSBC Bank Plc (408,858) (408,858) Surplus / (Shortfall) c/fwd 386,224 (408,858) Add Prescnbed Part Nia Nil Available for Ordinary Unsecured Creditors. 386,224 Nil Ordinary Unsecured creditors HM Revenue & Customs - CVA (est } (155,000) (155,000) Connected Creditors (est } (1,068,224) (1,068,224) Trade and Expense Creditors (est ) 214,119) (214,119) Total Ordinary Unsecured Creditors (1,437,343) (1,437,343) Estimated Deficiency as regards Unsecured (1,051,119) (1,437,343) Creditors Shortfall b/fwd - HSBC Bank Plc Nit (408,858) Estimated Deficiency as regards Creditors (1,051,119) (1,846,201) Issued share capital (100) (100) Estimated Defictency as regards Members (1,051,149) (1,846,301) Signed 11 March 2015 MARKETBEST YORKSHIRE LIMITED APPENDIX fl 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 It should be noted that no provision has been made for the costs of preparation 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 shown as nil No goodwill value appears in the management accounts and the Company's balance sheet as at 30 June 2014 HSBC Bank Plc hold secunty by way of a debenture created on 26 June 2008 and registered on 1 July 2008 Assets Not Specifically Pledged Debtors and Retentions The book value of the debtors and retentions has been extracted from the Company's debtor ledger as at 2 March 2015 The director has advised that no debtors are collectable, except for two large disputed accounts, in the sum of £376,000, detailed at 4 10 of the report accompanying this statement of affairs However, given the nature of the debt, any recovenes are uncertain in addition tt would be commercially sensitive to disclose any estimated realisation figures at this time and the Joint Liquidators do not want to prejudice collections Connected Debtors Details of the connected debtors are provided below Marketbest Plant Limited - £112,293 HAB Northem Limited - £304,918 - The book value of the sums due from HAB Northern Limited ("HAB”) has been extracted from the Company's debtor ledger as at 2 March 2015 Given that HAB claim to be owed monies having advanced more than was due for services rendered to it, it 1s not anticipated that funds will be received from this source The amounts due from Marketbest Plant Limited has been taken from the amount detailed in the proposal for the Company Voluntary Arrangement There Is no subsequently recorded balance as reported within post CVA Arrangement accounts Employee Claims ¢ ERA'2006 Claims (est } The Company did not employ staff directly, but did use labour, pnncipally the director, who was employed by Marketbest Limited This Company has also ceased trading and will enter liquidation Where applicable, employees will be entitled to make claims (subject to certain mits) under the Employment Rights Act 2006 (ERA'2006) from the govemment department known as the Redundancy Payments Service ("RPS") The Employee claims may include arrears of pay, holiday pay, compensation tn leu of notice and redundancy Where applicable, the RPS will make payments directly to the employees and then the RPS will then lodge a claim against 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 fA Signed ia 14 March 2015 MARKETBEST YORKSHIRE LIMITED APPENDIX It NOTES TO THE ESTIMATED STATEMENT OF AFFAIRS (cont ) Prescribed Part The Insolvency Act 1986 provides that, where a company has created a floating charge after 15 September 2003, a prescnbed part of the company's net property must be made available to the unsecured creditors and not be distnbuted to the floating charge holder except in so far as it exceeds the amount required for the satisfaction of unsecured claims The net property represents the assets available after the costs and expenses of the insolvency procedure and the discharge of preferential creditors’ claims in full No provision has been included within the estimated statement of affairs regarding the costs and expenses of the insolvency procedure The method of calculating the prescribed part is given below Where the net property does not exceed £10,000 (the prescnbed minimum) it may be considered that the cost of making a distnbution Is disproportionate to the benefits and no prescnbed part is required fo be set aside Where the net property exceeds £10,000 the prescribed part is calculated at a value of 50% of the first £10,000 plus a further 20% of the net property which exceeds £10,000, up to a maximum prescnbed part of £600,000 Based upon the information currently available, it is not presently known if there will be a prescnbed part fund available in this case Any distributions is dependent upon book debt recovers from the two unconnected book debts H M Revenue & Customs - PAYE / NI & VAT The liability 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 habilities are in respect of the following periods Debt incurred pnor to the CVA ~£155,000 Further sums are likely to be due to HMRC in relation to PAYE/NIC and VAT accrued since the commencement of the CVA which has yet to be quantified A full reconciliation exercise Is required in relation to VAT, CIS (reclaims) and PAYE and the intercompany trading status with Marketbest Limited and HAB Connected Creditors Details of the connected creditors are provided betow Marketbest Limited - £574,799 Marketbest Plant Limited - £188,507 HAB Northern Limited - £304,918 The amount due to Marketbest Limited has been taken from the amount detailed as due in the proposal for the Company Voluntary Arrangement There Is no subsequently recorded balance as reported within post CVA management accounts The amounts due to Marketbest Plant Limited and HAB Northem Limited have been extracted from the Company's books and records as provided by the directors and / or the Company's advisors as the management accounts identify post CVA transactions 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 find onginating CVA proposal as provided by the directors and / or the Company's advisors A detalled Signed 11 March 2015 MARKETBEST YORKSHIRE LIMITED list of these amounts has been provided at Appendix ill The amounts shown should not be regarded as agreed 41 March 2015 MARKETBEST YORKSHIRE LIMITED APPENDIX Ill SCHEDULE OF CREDITORS See attached list 14 March 2015 B - Company Creditors M842L Marketbest Yorkshire Limited Code Name & Address Amount of Debt c0001 AW Lumb (Northern) Ltd 21,650 79 Mill Street East DEWSBURY West Yorkshire WF12 9BD C0002 Bellway Homes Ltd 6,291 76 2 Deighton Close WETHERBY North Yorkshire LS22 7GZ C0003 C Bick supplies 373 01 0004 Censis 11,370 29 Chartered Accountants Exchange Buildings 66 Church Street HARTLEPOOL TS24 7DN C0005 Chns Miller 3,570 00 6 CONSTABLE ROAD HUNMANBY N YORKS YO14 OLH C0006 CID GROUP 1,452 73 Unit 2 Arthur Street Stanningley LS28 6JY C0007 GMGB ¥a Civil & Lintels 9,806 08 clo The P&A Partnership Limited 93 Queen Street Sheffield S1 1WF C0008 Coast & Country Developments 5,661 49 14 ENNIS SQUARE DORMANSTOWN REDCAR TSi0 SJR C0009 DIESEL DIRECT 5,222 67 Fuel Card Services Ltd Alexandra House Lawnswood Business Park Leeds LS16 6QY Signature Date M842. Page 1/4 B - Company Creditors M842L Marketbest Yorkshire Limited Code Name & Address Amount of Debt C0010 Endeavour Parnership LLP 2,900 00 WESTMINSTER ST MARKS COURT TEESDALE BUS PARK TEESSIDE TS17 6QP coo11 Galaxy Insulation & Dry Lining Ltd 9,270 30 Unit 12 Surbiton Street Attercliffe Common Industnal Estate Sheffield $9 2DN C0012 Greenham Ltd 135 00 671 London Road ISLEWORTH Middlesex TW7 4EX C0013 HAB Northern Ltd 304,917 99 43 Coniscliffe Road Darlington County Durham DL3 7EH C0014 HAGUE MARTIN 1,395 10 CARLISLE STREET EAST SHEFFIELD $4 8DT C0015 HATHER PLANT HIRE 754 00 Aldwarke Road Parkgate Rotherham S Yorkshire $62 6BZ C0016 HEWITSON LTD 13,255 74 Teesside Grange Eaglescliffe Stockton on Tees TS16 0QH C0017 HM Revenue & Customs 455,000 00 Voluntary Arrangements Service Durnngton Bridge House Barrington Road Worthing BN4 3UZ C0020 James Burrell Limited 21,853 44 Deptford Road Gateshead Tyne & Wear NE8 2BR Signature Date M842L Page 2/4 B - Company Creditors M842L Marketbest Yorkshire Limited Code Name & Address Amount of Debt c0021 Kevin Rewcastle 3,367 20 Gowthorpe Cottage Saddlethorpe Road Blacktoft Goole East Yorkshire DN14 7XU c0022 Knowles International Lid 12,435 36 BRITANNIA HOUSE 20 FALCON COURT PRESTON FARM STOCKTON TS18 31X C0023 KPH Plant Hire Lic 35,336 18 Pennine View Gelderd Road Indust Estate BIRSTALL West Yorks WF17 9NF c0024 LAFARGE AGGREGATES LTD ta Micromix 8,747 34 clo The P&A Partnership Limited 93 Queen Street Sheffield Si 1WF C0025 Marketbest Plant Lid 188,507 84 Exchange House 66 Church Street Hartlepool TS24 7DN C0026 Mone Bros Ltd 1,896 99 Albert Road Morley LEEDS LS27 8RU c0027 PQS SURVEY LTD 5,580 40 EDUCATION ROAD MEANWOOD LEEDS LS? 2AL C0028 RACKHAM HOUSEFLOORS LTD 21,236 58 Mill Street East Dewsbury W Yorkshire WF12 9TA Signature M&42L. Page 3/4 B - Company Creditors M842L Marketbest Yorkshire Limited Code Name & Address Amount of Debt 0029 REGUS 2,002 19 Forsyth House Cromac Square Belfast BT28LA C0030 SIG Trading Limited 441181 clo The P&A Partnership 93 Queen Street Sheffield St (WF c0031 Skye direct 132 06 Unit 15-16 Howley Bus Park Howley Park Road MORLEY LS27 0BZ C0032 Sweeting of Leeds 3,084 74 Unit 14 Thorpe Hil! Farm Lingwell Gate Lane Thorpe Wakefield WF3 3BX C0033 Til-ex Ltd 925 34 GROVE WORKS HEALEY ROAD OSSETT WFS5 8LN C0036 Marketbest Limited 574,799 00 Exchange House 66 Church Street Hartlepool TS24 7DN C0037 HSBC Bank Pic 408,858 00 31 Bridge Street Blyth Northumberland NE24 2AB £1,846,201 39 Signature Date M842L Page 4/4