TXT Random Viewer

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

                                                                  02387517
To the Registrar of Companies Company Number
| MARKETBEST LIMITED
{Insert full name(s) and address(es)]

 1, 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

Wo                     ae
 Presentor's name, address and reference (if




 _                                                            Fu
Rule 4'34-CVL                                                                               .        Form 419




                    Statement of Affairs


                    Statement as to affairs of

                    MARKETBEST 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




                                               0 Lick       Mon
                    Full name




                    Signed




                                         \\.       Mane a                   VG
                    Dated




CVLMF419 06-04-10
MARKETBEST LIMITED


                                                                                                           APPENDIX |

                    DIRECTOR’S ESTIMATED STATEMENT OF AFFAIRS AS AT 14 MARCH 2045

                                                                  Book value                    Estimated to Realise
                                                Note          £                   £              £                £
Assets Specifically Pledged
Goodwill                                         1                Ni                                 Nil
less HSBC Bank Ple                               4         (408,858)                          (408,858)
Surplus / (Shortfall) c/fwd -                                                  (408,858)                       (408,858)


Assets Not Specifically Pledged
Debtors and Retentions                           2           958,143                                 nk
Connected Debtors                                2         2,063,213                                 Nil
                                                                           3,021,356                                    Nil
Preferential Creditors
Employee Claims / ERA 2006 Claims (est )         3                               (Nil)                          (15,000)
Net Property available for Prescribed Part*                                3,021,356                            (15,000)
Less Prescribed Part                             4                                NYa                                  Nia
Available for Floating Charge Creditor                                     3,021,356                                    Nil
Shortfall b/fwd — HSBC Bank Pic                                            (408,858)                           (408,858)
Surplus / (Shortfall) c/fwd                                                2,612,498                           (408,858)

Add Prescnbed Part                               4                                    Nia                              Nia
Available for Ordinary Unsecured Creditors                                 2,612,498                                    Nil

Ordinary Unsecured creditors
Employee Claims / ERA 2006 Claims (est )         3                Nil                         (290,000)
HM Revenue & Customs — CVA (est }                5         (259,000)                          (259,000)
HM Revenue & Customs - PAYE / NI (est }          5          (69,143)                           (69,143)
Directors’ Loans / Connected Creditors (est }    6     = (1,620,884)                        (1,620,864)
Trade and Expense Creditors (est )               7         (722,029)                          (722,028)
Total Ordinary Unsecured Creditors                                        (2,671,036)                        (2,691,036 )
peuumated Deficiency as regards Unsecured                                    (58,538)
 reditors
                                                                                                             (2,691,036)
Shortfall b/fwd - Preferential                                                       Nil                        (15,000)
Shortfall b/fwd - HSBC Bank Plc                                                      Nil                       (408,858)
Estimated Deficiency as regards Creditors                                      {58,538}                      (3,384,894)
Issued share capital                                                            (3,000)                           (3,000)
Estimated Deficiency as regards Members                                        (61,538)                      (3,387,894)




              [
                                                                          14 March 2015
 MARKETBEST 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 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

         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 hald secunty by way of a debenture created on 8 December 1997 and registered on 18
         December 1997

         Assets Not Specifically Pledged

         Debtors and Retentions

         The book value of the debtors and retentons 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 a possible retention of £4,000
         However, given the nature of the debt, any recovenes are uncertain

         Connected Debtors

         Details of the connected debtors are provided below

         Marketbest Plant Limited - £124,800
         Marketbest Yorkshire Limited - £574,799
         HAB Northern Limited - £1,363,614

         The book value of the sums due from Marketbest Yorkshire Limited and HAB Northem Limited ("HAB”) have
         been extracted from the Company's books and records

         The amounts due from Marketbest Yorkshire 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 during the liquidation

         Given the insolvencies of Marketbest Limited and Marketbest Yorkshire Limited, it is not anticipated that funds
         will be received from this source

         Given that HAB claim to be owed monies having advanced more than was due for services rendered to It, it Is
         not anticipated that funds will be received from this source

         Employee Clarms / ERA’2006 Claims (est.)

         Where applicable, employees will be entitled to make claims (subject to certain limits) 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 notce 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 ithas made Employee Claims / ERA’2006
         have beefjestimated for the purposes of the statement of affairs and are not considered as agreed amounts

                      =f


Signed                                                                        441 March 2015
 MARKETBEST LIMITED



                                                                                                        APPENDIX It

                           NOTES TO THE ESTIMATED STATEMENT OF AFFAIRS (cont }

         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

         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 habilites are in
         respect of the following periods
         Debt incurred pnor to the CVA — £259,000
         PAYE accrued to 30 June 2014 - £69,143

         We understand that there may be further PAYE accrued since 30 June 2014

         Directors’ Loans / Connected Creditors
         Details of the directors’ loan accounts / connected creditors are provided below

         Marketbest Plant Limited - £191,157
         R D Bickenson - £89,295
         HAB Northern Limited - £1,340,412

         The amount due to Marketbest Plant Limited has been taken from the amount detailed as due in the proposal
         for the Company Voluntary Arrangement

         The amounts due to R D Bickenson has been extracted from the CVA proposal and the Company records The
         CVA detailed a sum of £88,533 being owed to Mr Bickenson whilst the Company records detail a further sum of
         £762 ts owed tn the post CVA period

         The sum due to HAB Northern 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 II! The amounts shown should not be regarded as agreed




Signed                                                                       11 March 2015
MARKETBEST LIMITED


                                                             APPENDIX tll

                     SCHEDULE OF CREDITORS

See attached list




                                             41 March 2015
 B - Company Creditors
 M837K Marketbest Limited

Code                   Name & Address                                       Amount of Debt

co001                 AT SNorth Eastem Ltd                                          2,231 46
                      Payments Centre
                      Heavans Walk
                      Doncaster Carr
                      Doncaster
                      DN4 5HZ

c0002                 aalphasolubons                                               13,406 26
                      Easypay Services Plc
                      Victona House
                      Bradford Road
                      Guiseley Leeds
                      LS20 8NH

C0003                 Admec Municipal Services                                         95 64
                      Routledge Burn Industrial Estate
                      Station Lane
                      Birtley
                      Co Durham
                      DH2 1AJ

C0004                 Alex Smiles Ltd                                              14,766 17
                      Deptford Terrace
                      Deptford
                      Sunderland
                      Tyne & Wear
                      SR4 6DD

C0005                 Ambrose & Cox Hire Ltd                                        5,800 00
                      Ambrose House
                      Braconash Road
                      Leyland
                      PRESTON
                      PR25 3ZE


C0006                 Anders Elite Ltd                                              6,446 64
                      CAPITAL HOUSE
                      HOUNDWELL PLACE
                      SOUTHAMPTON
                      $014 1HU


C0007                 ARCO Ltd                                                        390 81
                      PO Box 22
                      Malleable Way
                      Portrack Lane
                      Stockton-on-Tees
                      TS18 2PD


C0008                 BALTIC RECRUITMENT SERVICES                                  14,388 00
                      Baltic House
                      Hilton Road
                      Aycliffe Ind Park
                      Newton Aycliffe
                      DLS GEN



                      Signature                                      Date


M837K                                                    Page 1/11
 B- Company Creditors
 M837K Marketbest Limited

 Code                  Name & Address                      Amount of Debt

 coo0g                 BEAVER84                                      91192
                       Credit Control
                       Hillsborough Works
                       Langsett Road
                       Sheffield
                       S6 2LW

 0010                  BRC REINFORCEMENT                          40,851 58
                       Credit Control! Department
                       Corporation Road
                       Newport
                       South Wales
                       NP19 4RD


co0t1                 Burdens                                      2,540 72
                      WTB Group
                      Acccounts Receivable
                      P 0 BOX 3200
                      STOKE HANLEY
                      ST4 SHF

C0012                 Caspian Access & Plant Hire                    921 60
                      Caspian Business Centre
                      Railway Street
                      GRIMSBY
                      North East Lincolnshire
                      DN32 7BN


C0013                 cbicksupplies                                2,330 20


0014                  CDM Recruitment Ltd                          1,938 62
                      16 Blue Sky Way
                      Monkton Business Park
                      HEBBURN
                      Tyne & Wear
                      NE31 2EQ

0015                  Cemex UK Materials Ltd                     137,189 79
                      Clearwater North East
                      Clearwater Business Park
                      Thornaby
                      Stockton-on-Tees
                      TS17 6QY


C0016                 Censis                                      16,222 50
                      Exchange Building
                      66 Church Street
                      Hartlepool
                      TS24 7DN


C0017                 cfcapttal                                    1,680 00




                      Signature                     Date


M837K
 B - Company Creditors
 M837K Marketbest Limited

 Code                  Name & Address                             Amount of Debt

 C0018                 Chippindale Plant Ltd                              2,957 28
                       Butlerbow! Works
                       Ring Road
                       Lower Wortley
                       LEEDS
                       LS12 5Ad


 C0019                CID Group                                             543 75
                      Unit 30
                      Low Hall Indust Estate
                      Low Hall Road
                      HORSFORTH , LEEDS
                      LS18 4EF


c0020                 Club Wembley                                        8,065 78
                      PO Box 721
                      Wembley
                      London
                      HAQ OXZ


c0021                 Constructionline                                      528 00
                      PO BOX 6441
                      BASINGSTOKE
                      Hants
                      RG21 7FN


c0022                 Corepeople                                          5,786 70
                      Allergate House
                      Belmont Business Park
                      Durham
                      DH1 1TW


C0023                 Coyle Personnel ple                                 6,660 00
                      HYGEIA, 1ST FLOOR
                      66-68 COLLEGE RD
                      HARROW
                      MIDDLESEX
                      HAI 1BE


c0024                 Dawd Wright                                          859 20
                      3 CORNMOOR GARDENS
                      WHICKHAM
                      NEWCASTLE UPON TYNE
                      NE16 4PZ


€0025                 Deep Blue                                            100 38
                      Telecom House
                      Rudgate Court
                      Walton
                      Wetherby
                      LS23 78F




                      Signature                            Date


M837K                                          Page 3/11
               >



 B - Company       Creditors
M837K Marketbest Limited

Code                    Name & Address                               Amount of Debt

C0026                   DYNO ROD Diron Services                                 834 60
                        Unit F5
                        Morton Park
                        Yarm Road
                        DARLINGTON
                        DL1 4PQ


C0027                   ELLIOTT                                                 239 88
                        Elhott Group Ltd
                        Manor Drive
                        Peterborough
                        PE4 TAP


C0028                   Endeavour Partnership                                 4,087 00
                        WESTMINSTER
                        ST MARK'S COURT
                        TEESDALE BUS PARK
                        TEESSIDE
                        TS17 6QP

C0029                  FENSTONE MINERALS LTD                                  3,199 83
                       GREENWICK GUARRY HUGGETE
                       EAST YORKSHIRE
                       042 1YR

C0030                  GATESHEAD COUNCIL                                        627 18
                       Cimc Centre
                       Regent Street
                       Gateshead
                       NE8 +HH


€0031                  Generation Hire and Sale                                 468 62
                       Forward House
                       Portabello Road
                       Portabelto In Est
                       Birtley
                       DH3 2SL

C0032                  Gibbs & Dandy Ltd                                      3,836 45
                       112 RICHARDSHAW LANE
                       PUDSEY
                       LS28 6BN

C0033                  Greenhams Ltd                                            145 00
                       671 London road
                       Isleworth
                       Middlesex
                       TW7 4EX


C0034                  HAB Northern Ltd                                   1,340,411 86
                       43 Conischffe Road
                       Darlington
                       County Durham
                       DL3 7EH



                       Signature                              Date


M837K                                             Page 4/11
.B - Company Creditors
 M837K Marketbest Limited

 Code                  Name & Address                                     Amount of Debt

 C0035                 Hewitson Lid                                             205,228 33
                       Teesside Grange
                       Eaglescliffe
                       Stockton
                       Cleveland
                      TS16 OQH

 C0036                Hilt (UK) Ltd                                                 970 14
                      1 Trafford Wharf Read
                      Trafford Park
                      Manchester
                      M17 1BY


 C0037                HM Revenue & Customs                                      259,000 00
                      Voluntary Arrangements Service
                      Durrington Bridge House
                      Barrington Road
                      Worthing
                      BN4 3UZ

C0038                 HM Revenue & Customs                                       69,143 00
                      Insolvency Claims Handling Unit (ICHU)
                      Benton Park View
                      Longbenton
                      Newcastle
                      NE98 12Z


C0039                 Hudson Hydraulic Engineers Ltd                                143 28
                      UNIT 6
                      SOVEREIGN COURT, WYREFIELDS
                      POULTON IND ESTATE
                      POULTON-LE-FYLDE
                      FY6 8UX

C0040                 Hutton Services                                             7,144 20
                      26 Church Street
                      Eccles
                      Manchester
                      M30 ODF


C0044                 Investec                                                    2,996 25
                      21 Castle Street
                      Carlisle
                      Cumbria
                      CA3 8SY


C0042                 JD Johnson Ltd                                              3,921 43
                      Hendon Dock
                      Sunderland
                      Tyne & Wear
                      SR1 2EN




                      Signature                                    Date


M837K                                                  Page 5/11
.B - Company     Creditors
M837K   Marketbest Limited

Code                    Name & Address                                Amount of Debt

C0043                  James Burrells Limited                                15,177 95
                       Deptford Road
                       East Gateshead Ind Estate
                       Gateshead
                       NE8 28R


c0044                  Jewsons Ltd                                            1,604 13
                       P 0 Box 7357
                       GLASGOW
                       G51 9AB

C0045                  JJC Engineering Ltd                                      696 36
                       Unit 26
                       Bonlea Trading Estate
                       Thornaby
                       Cleveland
                       TS17 7AQ

C0046                  JOHNSTON OILS LTD                                      2,123 67
                       Dockside Road
                       Middlesbrough
                       Cleveland
                       TS5 6AH

C0047                  Knowles Lid                                              515 12
                       BRITANNIA HOUSE
                       20 FALCON COURT
                       PRESTON FARM
                       STOCKTON
                       TS18 3TX

C0048                  Korec Group                                            3,134 79
                       Blundellsands House
                       34-44 Mersey View
                       Waterloo
                       Liverpoo!
                       L22 6QB

C0049                  Lafarge Aggregates Lid                                26,032 04
                       P O Box 7389
                       Syston
                       Leicester
                       LE7 1WL


C0050                  Lord Hire Centres Ltd                                  4,389 28
                       Shields Road
                       Byker Hill
                       Newcaslte upon Tyne
                       NE26 2UD


C0051                  Marketbest PLANT Ltd                                 191,15700
                       Exchange House
                       22 Church Sireet
                       Hartlepool
                       TS24 7DN


                       Signature                               Date


M837K                                              Page 6/11
.B - Company Creditors
 M837K Marketbest Limited

Code                   Name & Address                                          Amount of Debt

C0052                 MGF Trench Systems Ltd                                           8,437 30
                      Grant House
                      South Lancashire Ind Est
                      Lockett Road, Ashton-in Makerfield
                      WIGAN
                      WN4 8DE


C0053                 Micromix RM                                                     12,591 28
                      P O Box 7389
                      Syston
                      Leicester
                      LE7 1WL


C0054                 MIDLAND STEEL TRADERS LTD                                          447 00
                      Shadon Way
                      Portobello ind Estate
                      Birtley
                      Co Durham
                      DH3 2SW


C0055                 MKM BUILDING SUPPLIES                                              46265
                      MKMB 5 Peterlee
                      Cook Way
                      North West Industrial Estate
                      Peterlee
                      SR8 2HY


C0056                 Northgate Vehicle Hire (North East)                                196 18
                      Bowesfield Crescent
                      Stockton on Tees
                      Cleveland
                      TS18 3BL


C0057                 Northumbria Roads Ltd                                           12,521 25
                      Dukes Way
                      Low Prudhoe Ind Est
                      Prudhoe
                      Northumberland
                      NE42 6PQ


C0058                 Owen Pugh & Co Ltd                                               9,794 09
                      Dudley
                      Cramlington
                      Northumberland
                      NE23 7PR

C0059                 Pickerings Plant Ltd                                              348 00
                      Ashby Road
                      Measham
                      Swandlicote
                      Derbyshire
                      DE12 7JP




                      Signature                                         Date


M837K                                                       Page 7/11
.B - Company Creditors
 M837K Marketbest Limited

Code                   Name & Address                                 Amount of Debt

co06o                 Plant Parts Ltd                                         5,004 00
                      CLIFFORD FINCH WAY
                      CROCKETT ROAD
                      HADLEIGH
                      SUFFOLK
                      IP7 6RD


C0061                 Precision Geomatics                                     2,197 05
                      Precision House
                      Colima Avenue
                      Sunderland
                      Tyne and Wear
                      SR5 3XE

co062                 Prestige Servicing Ltd                                     24 00
                      2C OPUS PARK
                      LOCKHEED CLOSE
                      PRESTON FARM ESTATE
                      STOCKTON
                      TS18 3BP

C0063                 R D Bickenson                                          89,295 00
                      6 Knowles Close
                      Kirklevington
                      Yam
                      Cleveland
                      TS15 ONL


C0064                 Ravenstock Tam Hire Ltd                                  418 76
                      Ravenstock House
                      28 Falcon Court
                      Preston Farm Ind Estate
                      Cleveland
                      TS18 3TX

C0065                 Reconomy Solutions]                                       222 00
                      Radford House
                      Stafford Park 7
                      Telford
                      TF3 3BQ


C0066                 REUBEN SMITH (PLANT HIRE) LTD                           2,468 40
                      HARTFORD HOUSE
                      HAMSTERLEY
                      BISHOP AUCKLAND
                      CO DURHAM
                      DL13 3PT


C0067                 RS Industrial Services Ltd                               378 22
                      2 Cassel Court
                      Haverton Hill Road
                      BILLINGHAM
                      7823 1RB


C0068                 Runitem (Dynorod) Limited                               1,452 08

                      Signature                                Date


M837K                                              Page 8/11
B - Company Creditors
M837K Marketbest Limited

Code                  Name & Address                                      Amount of Debt

co069                 Sage Software Ltd                                           2,299 75
                      Cheque Processing Centre
                      P O Box 4598
                      Worthing
                      BNi1 9BU


c0070                 Sandhurst Equipment Rental Ltd                              1,560 00
                     Whitewall Road
                      Rochester
                      Kent
                      ME2 4DZ

C0071                 Satrak UK Lid                                                  90 G0
                      Suite 8
                     Arena Park
                      SCARCROFT
                      Leeds
                      LS17 9BF

C0072                SIG Construction Accessories                                 2,168 26
                     Hillsborough Works
                     Langsett Road
                     Sheffield
                     S6 2LW

c0073                Sillars Road Construction Ltd                                4,101 45
                     Graythorp Industrial Est
                     HARTLEPOOL
                     7825 2DF

C0074                Speedy Asset Services Lid                                    1,727 67
                     Chase House
                     16 The Parks
                     NEWTON LE WILLOWS
                     Merseyside
                     WA12 0JQ

C0075                SPS Ltd                                                      2,032 80
                     60 High Street
                     Avening
                     Tetbury
                     Gloucestershire
                     GL8 6NF

co076                STAPLES                                                       856 28
                     TEESSIDE REAIL PARK
                     THORNABY

C0077                T - Mobile                                                   4,844 62
                     P 0 Box 719
                     Camberley
                     Surrey
                     GU15 3WS




                     Signature                                     Date


M837K                                                  Page 9/11
.B - Company Creditors
M837K Marketbest Limited

Code                  Name & Address                                    Amount of Debt

C0078                Tarmac Northern Ltd                                        2,094 38
                     P 0 Box 2600
                     Wolverhampton
                     WV4 XW

C0079                Tyne Insulation Supplies Ltd                               4,692 96
                     Onon Way
                     Orion Business Park
                     NORTH SHIELDS
                     Tyne & Wear
                     NE29 7SN

C0080                Tyne Tees Crushing and Screening                          34,494 43
                     Beaumont Way
                     Aycliffe Ind Est
                     Newton Aycliffe
                     Co Durham
                     DLS 6SN

C0081                W Clifford Watts Ltd                                       4,345 42
                      118-122 SCARBOROUGH ROAD
                      BRIDLINGTON
                      East Yorkshire
                      YO16 7NU

C0082                WCF FUELS-NORTH EAST                                         896 76
                     14Hunter Road
                     South West industnal Estate
                     Peterlee
                     Co Durham
                     SRB 2LX

C0083                Wolseley UK Limited                                       44,567 92
                     PO Box 68
                     Boroughbridge Road
                     RIPON
                     North Yorkshire
                     HG4 1XY

C0084                Works Infrastructure Ltd                                   8,036 44
                     Sillcon House
                     Graythorpe Ind Estate
                     HARTLEPOOL
                     TS25 2DF


C0085                Yarm Computers Ltd                                         1,10254
                     149 High Street
                     Yam

C0086                ZENITH SURVEY EQUIPMENT LTD                                   3000
                     Parogon Hause
                     33 Church Street
                     Ossett
                     W Yrkshire
                     WF5 SDN


                     Signature                                   Date


M837K                                               Page 10/11
,B - Company     Creditors
 M837K Marketbest Limited

 Code                  Name & Address                                   Amount of Debt

 C0087                 HSBC Bank Plc                                           408,858 00
                       31 Bridge Street
                       Blyth
                       Northumberland
                       NE24 2AB

c0088                 Preferental Creditors                                     15,000 00


C0089                 Employee Claims/ERA 2006 Claims                         290,000 00


                                                                            £3,384,894 33




                      Signature                                  Date


M837K                                               Page 11/11