Form 4 20 Rule 4 34 - CVL 595/99 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 4 Company pany Number 03551906 Name of Company Tubetec Concentric Limited |/We S Craig Povey, 35 Calthorpe Road, Edgbaston, Birmingham, B15 1TS Kevin Murphy, 35 Calthorpe Road, Edgbaston, Birmingham, B15 1TS / the liquidator(s) of the above named company attach a statement of the company affairs as at 11 March 2015 Y ra Date 11 March 2015 Fo Signed Ke. Chantrey Vellacott DFK LLP 35 Calthorpe Road For Official Use | Edgbaston Insolve Sectian lompankRashBosm Birmingham B151TS SATURDAY Ref TUBE63315/CJP/VSE/MB Software Supplied by Turnkey Computer Technology Limited Glasgow *A43518BE* AG 14/03/2015 #92 Rule 4 34-CVL Form 4 19 Statement of Affairs Statement as to affairs of 4 Tubetec Concentric Limited v4 on the 11 March 2015 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 DAW D *E4LcE Signed Live a Dated /f 2%. 2QS Tubetec Concentric Limited / Statement Of Affairs as at 11 March 2015 A- Summary of Assets Estimated to Assets Book Value Realise £ £ Assets subject to fixed charge Goodwill 42,439 00 22,000 00 National Westminster Bank plc (21,736 05) Surplus ¢/d 263 95 Book Debts 65,166 47 62,133 18 RBS Invoice Finance Limited (49,613 73) Surplus ¢/d 2,519 45 Rent Deposit Deed 4,899 75 4,899 75 Letchworth Garden City Heritage Fund (12,323 98) Deficiency c/d (7,424 23) Motor Vehicle 6,825 00 5,875 00 Close Brothers Motor Finance (5,181 47) Surplus e/d 693 53 Assets subject to floating charge Stock 8,510 00 3,000 00 Plant, Machinery, Fixtures & Equipment 12,459 00 28,000 00 Uncharged assets Estimated total assets available for preferential creditors 31,000 00 Signature COMA 44 3D. 2ors Tubetec Concentric Limited Statement Of Affairs as at 11 March 2015 A1 - Summary of Liabilities Estimated to Realise £ Estimated total assets available for preferential creditors (Carried from Page A) 31,000 00 Liabilities Preferential Creditors - Employee Arrears/Hol Pay 3,410 79 3,410 79 Estimated deficiency/surplus as regards preferential creditors 27,589 21 Debts secured by floating charge pre 15 September 2003 Other Pre 15 September 2003 Floating Charge Creditors NIL 27,589 21 Estimated prescribed part of net property where applicable (to carry forward) Nit Estimated total assets available for floating charge holders 27,589 21 Debts secured by floating charges post 15 September 2003 NIL Estimated deficiency/surplus of assets after floating charges 27,589 21 Estimated prescribed part of net property where applicable (brought down) NIL Total assets available to unsecured creditors 27,589 21 SURPLUS B/D 3,476 93 Unsecured non-preferential claims (excluding any shortfall to floating charge holders) Deficiency b/d 7,424 23 Trade & Expense Creditors 45,017 95 Employees 21,687 75 Directors 58,742 00 HM Revenue & Customs - PAYE/NIC 1,001 65 HM Revenue & Customs - VAT 4,586 75 138,460 33 Estimated deficiency/surplus as regards non-preferential creditors (excluding any shortfall in respect of F C’s post 14 September 2003) (107,394 19) Estimated deficiency/surplus as regards creditors (107,394 19) issued and called up capital Ordinary Shareholders 7,000 00 7,000 00 Estimated total deficiency/surplus as regards members (114,394 19) Signature Cy, o Date I 3 2.0!s- Lb TT STO% YEW OT £0 ETOZ 48A TOS Sdl ZjOT aBed i a ies ot) aunqeuais OT0Z/SO/ZT UaAId ajeq aINJUAgaQ Sjassy |[y UBAID AjNIaS €Z €19'60 COZ ETML ‘xasaippiW ‘weyls4 ‘PoomuUy] ‘esnoH UTILS pay] a2ueuly ad10AU] Say TOYD vl 9SE'T 949 623d ‘UOpBuUNUNH ‘yJeg sseuIsng ayOOIqSUIYoUIH ‘peoy uore4 dT) sAajdey ood 8b 0Z9'T dP 99S ‘AUD uapeg YOMYIIe7 ‘Isa ARM Spooupay ‘29 NUN Paz] SUOI}IBUUOD JIJad 00d3 8661/90/0E UaAId ajeg asnuagag a8esyoyw uaaig AyuNdas SO 9EL‘TZ ddZ dZ3 ‘UOpuo} ‘Ainquio) Ty a(d yueg Ja}sUIWSaAA [BUOTIEN TOND 00 6S¢ 300 EEW ‘Ot XOg Od ‘UAW ede aduUeUIy {IOUNOD JU}SIG SuIYSPJOIH YON OOND Ov 98 NSt TOS ‘aBeuanals ‘ajeg poomBpam TZ paywiy 8uneld GW TOWD v0 €€S‘S ON6 864 ‘Youppay ‘Wow; suoow YON ‘peoy Aajape~ S-z Wun 1d swaysds Juauodwo> paulysey oowd L00Z/LO/TE YaAId a}eq paag sOda|aq JUuaY UAAID AqUNIIS 86 EZE'2T 137 99 ‘aalyspsoyyay ‘AjID Uapseg YWOmyYsie7 ‘peoy aSpiig ‘Burpjing eyjesids aus ‘TOY ayNsS uonepunoy a8eqay AyD uapseg YOMYIIaT Z01D 06 8ZE dd9 STNN ‘Bula ay ‘AeAy UQUO ‘eg UCUO 9 Ayunoas pue ally xUAq Tow 0@ Sco 196 99S ‘A}ID UBPIed YIOMYI}—a7 ‘Aempeog ‘Buipjing snxaN aL ‘TOS XO Od pay] signe? yOMYI97 o01D 9S 9T8‘8T FOT 99g ‘spue/piy ysany ‘Agen DIMUIBWS “YINOS aue7 UOds paywry sus 9 439981] Sawer oor ZZU 864N ‘aUAL uodn aljseamaN ‘uojUaqsu07 S9 LOO'T ‘Math Ye UOJUag ‘ASNOH YOMAIeM, ZOZTEdG WoOY ‘Wu Buypuey swe) Aduanjosul SWIO}SND *B aNUaAaY WH €0HD SL 98S‘ QVT SZ7 ‘JoodJaan ‘yaas1¢ sawes ‘asnoH UeIBaY “JOO]4 YXS ‘SUONeJadQ AQUaAjOSU] SWOISND BF aNnuaAady WH ZOHD 000 VV8 L7d> ‘INPAL JAYLaWW “Jaas1s alyse>D ‘sBuipjing juaWUIaADN ‘7 |YPAL JAYLAW ‘sdo 19 SWOISND *Y BNUaASY WH TOHD €9 SZE Br €1D ‘juay ‘weysipy ‘yoeoiddy uonejs dinbespAy OOH? 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YEW OT £0 €10Z 489A TOS Sdl 2407 aBed aunyeugis ZUZOE‘EZZ Buyjero, sauquy ZE 00 8Z1'tr HHp 99S ‘aulyspsojaH ‘Ay Uapsed YOMYIIII ‘[/WILAYM TT. aose3g pilaeg IW O0dY 00 045’8T NAb 995 ‘oulyspsoyjia} ‘AUD Uapsed YyyoMYoIe} ‘IIH UAISeYD BZ sag UeUpY JW ooay €6 O8P‘OT C06 LN1 ‘aslUuspsojpag ‘puezzng UoYsIda] ‘peoy UO UIppoL pE Ab [PeUDIIN JN 00d] 89 O8T'Z NAt 99S ‘A}ID Uapsed YyJOMYIIA7 ‘a}e1S9 SUBD ‘POOMIJea|J ZZ uMOdg aIjalued SI Toa] €6 O8t‘OT SVG LT9S ‘aulyspsoypag ‘projjays ‘spjayyinos y Sa00Jg JRE JW ooad 2 8S df8 TTSM ‘asIYspsojjers ‘y2OUUR? “UasaID POOMSBUTY ‘ASNOH POOMSsUIy payury (1M) $3 eNOaA OOAD 00 ZSE MLO 99S ‘Ulud}H ‘Aungyi~, ‘auquag wed ayL ‘ze Wun paytwy saiddns 8uipjayy Buniun oonD 76 TV MNT 6S ‘playgays ‘aue7 ayoodays ‘asnoy ajoodays Ssaidx] sjadieg S|jauyNy 001) 00 T6S‘T Olt SOS ‘UIYOIH ‘PJOPOIS “329195 YBIH 76 dieys ueag 70S) OZ ZEZ ay YNZ ZOS ‘aJlyspJoy ‘wsayjepy ‘AemuaaD SADAIGS BIIY [JOPUaS Tos. 26 ETP GN9 TM) ‘aulysays ‘ama5 ‘peoy Ayong payury ouAeg MOS 00s) g ssauppy awen Aay sioylpas Auedwos - g payull] W14jUaIUO;D daJeqNL d71 NAG NoOIe|Y/aA AssqueyD Tubetec Concentric Limited Notes to the Statement of Affairs tn accordance with the Company’s accounts for the year ended 30 April 2014, the Company’s goodwill had a net book value of £42,439 An offer of £53,000 has been received for the Company’s business and assets, of which £22,000 relates to Goodwill Further details of the proposed sale are provided below The Company’s debtor ledger ts subject to a debt factoring agreement with RBS Invoice Finance Limited (RBSIF) The duly appointed liquidator is to liaise with RBSIF to establish the position in respect of the ledger and strategy for collecting in the remaining balances A rent deposit deed in the sum of £4,899 75 has been lodged in respect of the Company’s leasehold premises It is understood that the outstanding liabilities to the landlord are in excess of the deposit value and so no recovery Is expected in respect of this balance The Company owns a motor vehicle subject to a Hire Purchase agreement It is believed that there may be some equity in the agreement after settlement The duly appointed liquidator ts to baise with the Hire Purchase company in due course In accordance with the Company’s 2014 accounts, the Company's chattel assets had a4 net book value of £12,459 In accordance with Kumar and Company’s valuatton, these assets had an in-situ valuation of £28,000, and | can confirm that an offer of £28,000 has been received for these assets as part of the wider business sale noted above Further details of the sale are disclosed below Kumar and Company have advised that the Company’s stock has an estimated value of £3,000 after taking into account potential reservation of title claims An offer of £3,000 has been received and Is incorporated within the sale of the business disclosed below Pursuant to Section 176A of The Insolvency Act 1986 (as amended), a Prescribed Part of the Company’s net assets should be set aside for the benefit of unsecured creditors This reduces the funds that would otherwise be made available to any secured creditor under Floating Charges created after 15 September 2003 It 1s anticipated that the qualifying floating charge holders will be fully settled from fixed charge realisations and so the prescribed part is not expected to be applicable in this matter The values for trade & expense creditors are taken from the company’s books and records Any variation from the creditors’ records may be investigated by the duly appointed Liquidator The inclusion of a claim does not constitute admission of the debt All claims are subject to formal adjudication 10 The position regarding abilities to HMRC will need to be established by the duly appointed liquidator following the submission of final returns $980200