Rule 4 34 Form 4.20 The Insolvency Act 1986 Statement of Company’s Affairs S . 9 5/9 9 Pursuant to section 95/99 of the Insolvency Act 1986 For Official Use To the Registrar of Companies Company Number [ 08706037 Name of Company ere name of (a) PROGRESS EXPRESS LIMITED (b) Insert full name and [ANS (B) dd . aeenesses Stephen Franklin Panos Eliades Franklin & Co Olympia House Armitage Road London NW11 8RQ {c) Insert date the hquidator(s) of the above-named company attaches a statement of the company’s affairs as at (c) 12 March 2015 ——— Signed TT Date _ 12 March 2015 For Official Use Presenter's name, Panos Eliades Franklin & Co Liquigatinn Section Post Room address and reference (if any) Olympia House Armitage Road London z NW11 8RQ 8 2 - bs *A4351BKH* A07 14/03/2015 #211 COMPANIES HOUSE Rule 4 34-CVL Form 4 19 Statement of Affairs PROGRESS EXPRESS LIMITED Statement as to affairs of Progress Express Limited on the 12th 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 Robert Dean Tetrault Signed RO Ab Dated 12th March 2015 Progress Express Limited A- Summary of Assets Book Value Estimated to Realise Assets subject to Fixed Charge Book Debts 138,000 0 Lloyds Bank Commercial Finance Limited (100,000) (100,000) Estimated Shortfall as regards Debenture Holder c/f 38,000 (100,000) Nil Nil Assets Subject to a Floating Charge: Ni Nil Nil Estimated Total Assets available for Unsecured Non- 38,000 Nil Preferential Creditors SIGNATURE DY OAS DATE_12TH MARCH 2015 7 A1 —- Summary of Liabilities Estimated to Realise | Estimated Total Assets available for Floating Charge Holder Nil (carried from page A) Debts secured by Floating Charge Lloyds Bank Commercial Financial Ltd - Estimated Shortfall as regards Debenture Holder b/f 100,000 (100,000) Estimated Deficiency of Assets after Floating Charge (100,000) Liabilities Unsecured Non-Preferential Claims Accountants 500 Director 30,000 Insurance 15,264 PAYE/NIC 500 Penalty/Congestion Charges 20,325 Trade Creditors 129,925 VAT 120,000 (316,514) Estimated Deficiency as regards Creditors (416,514) Issued and called up capital Ordinary 300 (300) ESTIMATED TOTAL DEFICIENCY £ (416,814) SIGNATURE. LAA. DATE_12TH MARCH 2015 PROGRESS EXPRESS LIMITED Comments on the Directors’ Statement of Affairs The Statement of Affairs does not reflect the costs of insolvency Assets Book Debts The book debt, which 1s factored to Lloyds Bank Commercial Finance Limited, relates to City Link Limited which was placed into Administration on 24th December 2014 and 1s deemed irrecoverable Creditors Secured Creditor The Secured Creditor 1s Lloyds Bank Commercial Finance Limited which was granted a Fixed and Floating Charge Debenture over all the Company’s Assets on 16th January 2014 Unsecured creditors Unsecured liabilities total £316,514 The amounts shown have been derived from the Company’s records and may not necessarily agree with your own records However, the amounts stated will not preyudice your claim as it will be agreed by the Liquidator in due course Creditors may also be entitled to clam VAT Bad Debt Relief £30,000 of the unsecured claims total relates to the funds that Terrence Franklin personally injected into the Company Share Capital The issued and fully paid up share capital 1s £300 resulting in an overall total deficiency of £416,814 fo [00 0083 NPS SEBS ‘YopucT ‘peoy Auancg sayeug € | yadsor eq | | (0) | 00 0SZ3 MLE ZNL ‘JUey ‘SIaAA BBpuguny ‘peoy saweH ¢ | apoog wid ] Ans \sany ueeg 0 00 0€23 LAS : ‘UOpUd] : ‘peoy way PIO ‘ ‘SIeL4 UEJZIEM ZL | ) | 00 OSv3 136 ZLMS ‘UOpud? ‘peoy sur] 86 | ahololory piaeq [0 [ 00 ov63 ZL S13 ‘YopUoT ‘peoy anesB9/05 16 | sasow uIEweg | Q 00 093 ‘oodianry ‘shel4 s6ue es deo tonal PY] JUBWISIO|US HIAID [o [ 00 0¢13 TL SS¥M ‘uo\Buuiem ‘96€ XOg Od | WOUND saysUNLASE”Y JO AD | [o | 00 o6¢3 MX1 ELNG ‘Buyriom ‘Lash xo Od | OUND YOpUO jo AND | [o [ 00 0101s LE €Z3S ‘Vopuoy ‘peoy uooung og | Janig HED | [0 | 00 S913 PXE LY ‘Way ‘Aajwoig ‘gZ€ Xo Od | Aelworg jo yBno10g uopuoy au. | [0 | 00 00r3 daz ¥1SS ‘xessq ‘uopliseg ‘Ae a10WUM 8¢9 | wexuEY PleWeg | 0 00 023 EZNL ‘Ua ‘psojusy ‘aue7 Aisuue, ‘aqua oN Houned Ybno1og Prous 0 00 0263 3P0 va ‘wOpUdT ‘peoy JOOUYI GOZ SeWOY] OlUOWUY 0 00 00b3 ANG ‘S801 Weulen ‘unyseyD ‘peoy amworn : noyAydoan Auoyjuy 3 uaalb Ayunsasg Aunzag JOVpaAD quewiel5 jo anjea ayeq Aq play Ayinsas Aue jo syiejog | + 3q9q Jo JUnNOWy (apoojsod ym) ssouppy 40 JO}I|PII4 JO BIEN uaissassod s Auedwos au} ul Aedoid JaA0 ij} JO UOUB}a HuiLuE|D syo}Ipaz9 puke sadi~las JO spooB jo Ajddns aul yo aoueape ur pled sjunowe Burwiejo ssuewojsnd pue sjuawuaaibe ajes jeuoljipucs so Bulseaj jayeyo ‘aseyoind-auiy Japun siojipaio Aue AyQuapl pue SJoypPaid ye ApNjoui }snus NOA sjON SYOLIGSYD ANVdWOS ga ie] 00 00S3 O12 8NF ‘Ssolg wee ‘peoy Aeqqy zz BWISOD UO} 0 00 0€¢'lg PAN ‘Uopuc) ‘a}e}SQ analjag ‘asnoyH poomysygaz 9) AOURGOY O}SUH ZZ 863N ‘aud uodn ayseomay ° ‘uo}uaq6u07 00.0083 ‘MaIA Wed UoJUaG 'ZOZE dA WOOY ‘NOI smorsno @ Snened WH ‘ AVI $27 ‘loodiaarq ‘jaa35 sawer ‘asnoy 9 00 0000213 ueiBay ‘1001/4 yyg ‘(Aouaajosu)) suoneiado WA SWOISND 8 BNUBADY WH 0 00 0823 , ‘ S8dIleS VO6 LENG ‘Buroue) ‘6e2p X08 Od Bunped jlouneg AabuLEY ‘ Udd €3d ‘auysabpuqwes o 28 LLv'y63 ‘yBnosoquajysg ‘peoy aiiaes ‘Weg ssauisng jeqo|g PFT @Au JS ledold I 0. i 00 Ovs3 UdS ELN ‘UOpud] ‘peoy Jospulyy gE ] Aayo|eA 1B10389 ] [o, | 00 ov0'L3 OL LZN “YopUoT ‘apeld aut Zz | aging 1B10aq | ‘ CS@ OLLD 0 00 o8t'L3 ‘Way ‘suleyspeoig ‘peoy Jejdogd ‘sua|aH 1S ‘EL 1e14 oogo PieseBzN4 0 ‘ 00 ¥92'S13 ‘ ‘ paywry XOS pa “vopuoy ‘auenbs epeued | | S@dIA9S YSIY SAaUUa} JaINg M18 LEO! 9 00 0€S4 ‘xassy ‘Bupyeg ‘eue] suey pO) ‘esnoy easuay pe lal jenueww3 S1S LLaS ‘uopuc7 o 00 0¢s3 ‘peoy wed uojSuluusy ‘asnoHy auojsusAly Wee Zenuey Opsenpy 3 uaaib Auinses Ayunsag sO}IPIID yuewely jo anjen azeqg Aq pay Ayunsag Aue jo sjieyaq | 3qeq jo Junowly (apoojsod yum) ssouppy 10 4O}IPIlD Jo aweN uarssassod s,Auedwiod ay} ul AUadoid 4300 api] JO UOUayes BuIWe|a SuO}IPaJD pue SEdIAJas 10 spooB jo Ajddns au; yo aoueape ul pied sjunowe Buluiejo ssawoysno pue sjuawaai6e aes |euoNIpUCd Jo Bulsed| fayeYd 'eseyoind-auly s9puN ssojtpaso Aue AyQUap! pue SioyIpasd [|e apnioul jsnw no, ON SYHOLIGAYNDS ANVdWOS gq [o | 00 ss63 39 ZZN ‘uopuoy ‘snuany uojBuwA 27 | AOHUDEL, VAI | [ 0 [ 00 00S3 Wd0 8ML ‘PloQuag ‘aso|D YyBrajBury Lp | yowyoy jnueliy | [o | 00 os63 ON? 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