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                                                                                                               Form 4.20
           Rule 4.34-CVL        The Insolvency Act 1986




                                                                                              S.95/99
                                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

                                                                                                03657614


                                Name of Company
      (a) Insert full name of   THE STUDENT SUPPORT CENTRE (MIDLANDS)                                     LIMITED
                   company



(b) Insert full name(s) and              John William Butler &
                 address(es)             Andrew James Nichols of
                                         Redman Nichols Butler
                                         Westminster Business
                                         Centre
                                         Nether Poppleton
                                         York, YO26 6RB


              (c) Insert date   the liquidators of the above named co:      any attach a statement of the
                                company's affairs as at 17 September      2014




                                Signed        We       “                                        Date     ralahe




                                                                                               Mv
Presenter’s name, address
     and reference (if any)                                         U        F

                                                                Liquidation Se
                                                                                 SATURDAY




                                                                                                           20/09/2014
                                                                                                       COMPANIES HOUSE
 NB      This must be files with the Registrar within 5 business days§                      eererererstyy Vi    MINUTE.
Form 4.19
                     STATEMENT OF AFFAIRS

Insert the name of             Statement     as to the Affairs of The        Student    Support
the company                    Centre      (Midlands)   Limited   on       the   17   September
                               2014, the date of the creditors’ voluntary liquidation



                     STATEMENT OF TRUTH




                     I believe that the facts stated in this statement of affairs are a
                     full, true and complete statement of the affairs of the above
                     named company as at the date that the company entered
                     creditors’ voluntary liquidation

                     Full name:         fir fA                              (we        LEL

                     Signed:

                     Date:          /1/08/              2214           :
    The Student Support Centre (Midlands) Limited

    Notes to the statement of affairs

    1    The statement of affairs ignores the costs of insolvency




2        Section 176A of the Insolvency Act 1986 ( the prescribed part) does apply in this case as there 1s a floating
         charge created after 15 September 2003 However, it 1s understood that there may be a minimal amount due
         to the charge holder under the cross guarantee therefore, for the purpose of the statement of affairs, the
         estimated amount due to the charge holder has been estimated at £1



3        The book value for the plant, machinery and stock is per the agents, Winterhill Largo, valuation     The
         estimated to realise value 1s per the offer received from The Student Support Centre Limited

         The agents, Winterhill Largo, have advised that this offer should be accepted



4        The company’s bank account has a small credit balance The estimated to realise value is uncertan as this
         may be offset against any monies owed to them under their debenture




5        The debts due to HM Revenue & Customs are best estimates only




6        The inclusion of creditor balances on the statement of affairs is as per the company's records Claims of
         creditors will be subject to admission by the duly appointed liquidator 1n the usual way




7        There 1s a rent deposit in respect of a former property It 1s currently uncertaim as to whether any monies are
         owed to the landlord This asset will fall to be recovered by the liquidator
                                                                                                                              SAI
 The Student Support Centre (Midlands) Limited

 Statement of affairs as at 17 September 2014
                                                                        Ht       ee   ee                                          -y
                                                                        Book vaiue ___Estimatedto realise_ |
                                                                             £                     £             £                £
Assets specifically pledged

Rent Deposit Deed
Less amount due to Midland Commercial Properties Limited, Frederick
Levett-Dunn, Howard Evans and Bamett Waddingham Trustees Limited

Surplus from assets specifically pledged                                                   5,249                       Uncertain

Assets not specifically pledged

Plant and Machinery                                                      1,200                             1,800
Stock                                                                 minimal                                700
Cash at bank                                                              200                          uncertain



Total assets not specifically pledged                                                      1,400                           2,500

Estimated total assets for preferential creditors

Preferential creditors

None


Estimated surplus/(deficit) as regards preferential creditors

Less   Prescribed Part

Estimated surplus / (deficst) for floating charge holder


Debt secured by a floating charge

Clydesdale Financial Services Limited t/a Barclays Partner Finance

Estimated surplus / deficit to a floating charge holder


Add back    Prescmbed Part

Estimated surplus available for non-preferential creditors

Non-preferential claims

Trade and other creditors - per attached hist                                                          698,284
                                                                                                                       698,284

Estimated surplus/(deficit) as regards      unsecured creditors                                                       (695,785)
Add back    Estimated deficit to floating charge holder                                                                       0
Estimated deficit as regards creditors                                                                                (695,785)
Issued and called up capital                                                                                                100

Estimated total surplus/(deficit) as regards members                                                                 £(695,885)
The Student Support Centre (Midlands) Limited

Statement of affairs as at 17 September 2014

Preferential creditors
Name:                                   Address:   Amount:
None




Total                                                 000
                                                                                                    SA1
 The Student Support Centre (Midlands) Limited

 Statement of affairs as at 17 September 2014

 Unsecured creditors

 Name                                                          Address                        Amount
 HM Revenue & Customs                                          3rd Floor                     31,980 22
                                                               Euston Tower
                                                               286 Euston Road
                                                               London
                                                               NWI 3UQ

 Creative Way Design Limited                                   The Studio                     9,336 59
                                                               Firstwood Road
                                                               Garretts Green
                                                               Bummgham
                                                               B33 OTB

Glovers Business Supplies Limited                              Unit 11                         1,425 75
                                                               Cousins Street
                                                               Blakenhall
                                                               West Midlands
                                                               WV2 3DG


3J Finance                                                     46 Church Avenue             229,250 00
                                                               Beckenham
                                                               Kent
                                                               BR3 1DT



SSC Intercomany Group Loans                                   46 Church Avenue               33,786 29
                                                               Beckenham
                                                               Kent
                                                              BR3 IDT



Educational Backup Services Limited - in administration       ¢/o Redman Nichols Butler     346,711 15
                                                              Westminster Business Centre
                                                              Nether Poppleton
                                                              York
                                                              YO26 6RB

The Student Support Centre (UK) Limited - in administration   c/o Redman Nichols Butler       7319 56
                                                              Westmmster Business Centre
                                                              Nether Poppleton
                                                              York
                                                              YO26 6RB


Printel                                                       43 Cross Road                  10,334 50
                                                              Croydon
                                                              CRO 6TE




Rapid IT Solutions Limited                                    124 Suite                           100
                                                              Capital Business Centre
                                                              22 Carlton Road
                                                              South Croydon
                                                              Surrey
                                                              CR2 OBS
Local World                                                   PO Box 10178                  16,336 99
                                                              Leicester
                                                              LEI 8EE




Publishing Ink Limited                                        5th Floor                      1,235 52
                                                              White House
                                                              111 New Street
                                                              Birmingham
                                                              B2 4EU
                                                                                    SAI
The Student Support Centre (Midlands) Limited

Statement of affairs as at 17 September 2014

Unsecured creditors

Name                                           Address                        Amount
PIL Print                                      Suite 3                          1,172 19
                                               Arran House Business Centre
                                               Arran Road
                                               Perth
                                               PH! 3DZ


Ramon Lee & Partners                           Kemp House                      9,393 75
                                               152 - 160 City Road
                                               London
                                               ECIV 2DW




Total                                                                        698,283.51