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Rule 4 34-CVL The Insolvency Act 1986                                                         Form 4 20




                                  5.95/99
STATEMENT OF COMPANY'S AFFAIRS
Pursuant to Section 95/99 of the Insolvency Act 1986


                                                                           For official use




                                                                           Company Number

                                                                             02948123
To the Registrar of Companies Company Number
| MARKETBEST          PLANT 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


                                                  Date      13 March 2015
OP? ee
Presentor’s name, address and reference (if
any)


                                         For official use
Leonard Curtis
Tower 12
18/22 Bridge Street
Spinningfields
Manchester
M3 3BZ
For official use
                                                                THURSDAY




                                                                                       *A43IATGO*
                                                                           A26         19/03/2015         #116
                                                                                   COMPANIES HOIGE
Rule434-CVL                                                                                          Form 419




                    Statement of Affairs


                    Statement as to affairs of

                    MARKETBEST PLANT 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




                    Full name
                                      LL}.
                                        We chon con


                    Signed




                                \(    ¥.         MA    tae     tt       \¢
                    Dated




CVLMF419 06-04-10
 MARKETBEST PLANT LIMITED



                                                                                                      APPENDIX I

                      DIRECTOR'S ESTIMATED STATEMENT OF AFFAIRS AS AT 14 MARCH 2015

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


 Assets Not Specifically Pledged
 Connected Debtors                             2         426,165                           46,500
 Plant and Machinery                                      85,034                               Nil
                                              Ls]




 Motor Vehicles                                2          36,415                               Nil
                                                                            547,614                         46,500
 Preferentiat Creditors
Employee Claims / ERA 2006 Claims (est )       3                                  Nil                       (1,000)
Net Property available for Prescribed Part*                                 547,614                         45,500
Less Prescnbed Part                            4                                  Nia                             Nia
Available for Floating Charge Creditor                                    547,614                           45,500
Shortfall b/fwd. - HSBC Bank Ple                                        (408,858)                         (408,858)
Surplus / (Shortfall) cfwd                                                138,756                         (383,358)

Add Prescnbed Part                             4                                  Nia                             Na
Available for Ordinary Unsecured Creditors                                  138,756                               Nil

Ordinary Unsecured creditors
Employee Claims / ERA 2006 Claims (est)                        Ni                        (15,000)
                                              ow




 H M Revenue & Customs - CVA (est )                      (99,058)                         (99,058)
H M Revenue & Customs - PAYE / NI (est)                   (8,405)                          (8,405)
                                              an




H MRevenue & Customs - VAT (est )                       (53,209)                         (53,209)
Connected Creditors (est }                             (237,093)                        (237,093)
                                              SP




Trade and Expense Creditors (est }                      (15,204)                         (15,204)
Total Ordinary Unsecured Creditors                                      (412,969)                        (427,969)
Estimated Deficiency as regards Unsecured
                                                                        (274,213)                        (427,969)
Creditors
Shortfall b/fwd - HSBC Bank Pic                                                   Nil                    (363,358)
Estimated Deficiency as regards Creditors                              (274,213)                         (791,327)
issued share capital                                                        (100)                             (100)
Estimated Deficiency as regards Members                                (274,313)                         (791,427)




                  |
Signed MM                                                             41 March 2015
      MARKETBEST PLANT 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      {t should be noted that no provision has been made for the costs of preparaton 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 extracted from the Company's balance sheet as at 31 March 2014
            HSBC Bank Plc hold secunty by way of a debenture created on 8 December 1997 and registered on 18
            December 1997 It is understood that the Bank has a cross Company guarantee covering any sums due from
            Marketbest Limrted and Marketbest Yorkshire Limited


            Assets Not Specifically Pledged

            Connected Debtors

           Details of the connected debtors are provided below

           Marketbest Limited - £191,157
           Marketbest Yorkshire Limited - £188,508
           Amen Plant Ltd - £46,500

           The book value of the sums due from Marketbest Yorkshire Limited and Amen Plant Ltd has been extracted
           from the Company's books and records

           The amounts due from Markethest 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 dunng the liquidation

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

           The book value of the sums due from Amer Plant Ltd £46,500 is due from Amen Plant Ltd, ard this is
           anticipated to be received shortly

           Plant and Machinery

           The Company owned an amount of ‘yellow’ plant and machinery, located at vanous sites We understand that
           items were sold on 2 January 2015, to Amen Plant Ltd, a connected Company

           Motor Vehicles

           The Company owned three motor vehicles We understand that ttems were sold on 2 January 2015, to Amen
           Plant Ltd, a connected Company




Signed                                                                        11 March 2015
  MARKETBEST PLANT LIMITED



                                                                                                         APPENDIX It

                            NOTES TO THE ESTIMATED STATEMENT OF AFFAIRS (cont.)

          Employee Claims f ERA’'2006 Claims (est.}

          Where applicable, employees will be entitled to make claims (subject to certain imits) 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 notice and
          tedundancy Where applicable, the RPS will make payments directly to the employees and then the RPS will
          then lodge a claim agaist 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

          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

          HM Revenue & Customs - PAYE / NI & VAT

         The flability 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 liabilities are in
         respect of the folowing penods
         Debt incurred prior to the CVA ~- £99,058
         VAT accrued to 30 June 2014 - £53,209
         PAYE accrued to 30 June 2014 — £8,405

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

         Connected Creditors

         Details of the connected creditors are provided below

         Marketbest Yorkshire Limited - £112,293
         Marketbest Limited - £124,800

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

         The amount due to Marketbest 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 It The amounts shown should not be regarded as agreed




Signed                                                                    11 March 2015
  MARKETBEST PLANT LIMITED

                                                                     APPENDIX III

                             SCHEDULE OF CREDITORS

  See attached list




Signed       =                                       44 March 2015
  B - Company Creditors
  M838K Marketbest Plant Limited

  Code                  Name & Address                                         Amount of Debt

  C0001                 Censis                                                          9,809 77
                        Chartered Accountants
                        Exchange Buildings
                        66 Church Street
                        HARTLEPOOL
                        TS24 7ON

 c0002                  HM Revenue & Customs                                          99,057 59
                        Voluntary Arrangements Service
                        Durnngton Bridge House
                        Barngton Road
                        Worthing
                        BN4 3UZ

 C0003                  HM Revenue & Customs                                          61,61400
                        Insolvency Claims Handling Unit (ICHU}
                        Benton Park View
                        Longbenton
                        Newcastle
                        NE98 12Z

 0004                  Hutton Services Limited                                         5,384 56
                       26 Church Street
                       Eccles
                       Manchester
                       M30 ODF

 C0005                 Marketbest Limited                                            124,800 00
                       Exchange Building
                       66 Church Sireet
                       Hartlepool
                       TS$24 7DN

 c0007                 Marketbest Yorkshire Limited                                  112,293 00
                       Exchange Building
                       66 Church Street
                       Hartlepool
                       $24 7DN

€0008                  HSBC Bank Plc                                                408,858 00
                       31 Bdge Street
                       Blyth
                       Northumberland
                       NE24 2AB

C0009                  Preferential Creditors                                          1,000 00

ca010                  Employee Claims / ERA 2006 Claims                             15,000 00


                                                                                   £837,826 92




                      Signature                   -                 Date
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