Viewing
01179683_MzAzNjEzNDIzMWFkaXF6a2N4_SoA.txt
Form 4.20
Rule 4 34 - CVL The Insolvency Act 1986
Statement of Company's
Affairs S.95/99
Pursuant to Section 95/99 of
the Insolvency Act 1986
For official use
To the Registrar of Companies
LTT |
Company Number
01179683 |
Name of Company
Insert fullname of | CLEANBRITE LIMITED
company
insert full names Richard Rones
and addresses ’
of | ThorntonRones Limited
311 High Road
Loughton
Essex
1G10 1AH
Insert date the liquidator(s) of the above named company attach a statement of the company's
affairs as at 14 April 2011
Signed Date if,
Presenter's name, ThorntonRones Limited For Official Use
address and
| reference 311 High Road Liquidation section] Post room
Ne
(fany) Loughton
Essex
IG10 1AH
19/04/2011
COMPANIES HOUSE
Rule 4 34-CVL Form 4 19
Statement of Affairs
Statement as to affairs of
CLEANBRITE LIMITED
onthe 14 Apml 2011, the date of the resolution for winding up
Statement of Truth
| 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 14
April 2011
Fullname ©s>OsUSN GELGS EDrersswor
Signed or
——
Dated Vig HM HO,
CLEANBRITE LIMITED
DIRECTOR'S ESTIMATED STATEMENT OF AFFAIRS
AS AT 14 APRIL 2011
Notes Book Estimated to
Value Realise
£ £
ASSETS
Assets Not Specifically Pledged:-
Goodwill and Trading Style 4 - Uncertain
Plant, Machinery, Fixtures & Fittings 2 525,993 85,700
Stock 3 2,000 2,000
Motor Vehicies 4 31,193 2,200
Cash at Bank 5 102,714 102,714
Connected Company Debtor - The Withindale Gallery Ltd 6 974,284 -
Estimated total assets available for preferential creditors 1,636,184 192,614
LIABILITIES.-
Preferential creditors:-
None
Estimated surplus/(deficit) to non-preferential creditors 192,614
Non-preferential claims:-
Trade & Expense Creditors 39,384
H M Revenue & Customs (PAYE/NIC) 7 343,361
H M Revenue & Customs (VAT) 8 1,048,762
(1,431,506)
Estimated deficiency as regards creditors (1,238,892)
Issued and called up capital:-
100 Ordinary Share of £1 - issued and fully paid (100)
Estimated total deficiency as regards members (1,238,992)
Signature.. oe oe casvense
nee Tassssensaee cones oe :
cee cee cses
Date..cccscccte
Darren Edmonston
Al
CLEANBRITE LIMITED
NOTES TO DIRECTOR'S ESTIMATED STATEMENT OF AFFAIRS
AS AT 14 APRIL 2011
1 Goodwill and Trading Style
The Goodwill compnses of the Company's remaining client base as well as the trading name of
"Cleanbrite” Professional and Independent valuers, Messrs Agentcie Limited, have been instructed to
value this asset, and have advised that a consideration of around 2 5 - 3% of turnover for the first year
would be an appropnate value However, the value of this is noted as uncertain, for the purposes of the
Statement of Affairs, in view of the potential habilitties, both present and future, that may arise from
personal injury claims from accidents at the supermarket sites for which the company provided cleaning
services
At present it 1s believed that the Company's exposure for ongoing personal injury claims ts around
£85,000, being the amounts up to the insurance excess levels in place at the time of the accident, which
would be payable by the Company Up to March 2009, this excess was £10,000, which was reduced to
£5,000 and then, from March 2010, it was reduced to Nil At present, there are believed to be 13 such
claims ongoing, however, as there is a 3 year time limit for claims, therefore the possibility of future
ability remains open until March 2013
In order to protect any such Goodwill, such claims may need to be taken over and met by the purchaser
of the Goodwill and trading style, which ts anticipated to be Cleanbrite (UK) Limited, of which Mrs Ulrike
Powlesiand ts director, as should the claimant attempt to take legal action against the supermarket, this
may then prove onerous for any ongoing contracts, or their renewa! This issue will therefore have to be
reviewed by a duly appointed liquidator with a view to reaching an agreement as to the value of thts asset
2 Plant, Machinery, Fixtures & Fittings
This mainly comprises of cleaning machinery that is located at the various Sainsbury's stores from which
the company operated These assets has been valued by an independent and professional valuer,
Messrs Agentcite Limited, for the purposes of the Statement of Affairs, at £85,700 if sold to a willing
buyer and £15,200 on a "forced sale" (!e if broken up and sold at auction) basis
However, Messrs Agentcite have also advised that they are aware that, in addition to the items valued,
there may be a large amount of defunct and obsolete machinery held in storage, having been previously
used on the former Tesco's sites !t has not been possible to value these items and, consequently, the
duly appointed Liquidator will take steps to review and value these Items
3 Stock
This comprises of sundry cleaning consumables, workwear etc These assets has been valued by
Messrs Agentcite Limited, at £2,000 on a “willing buyer" basis and £500 on a "forced sale" basis
4 Motor Vehicles
This comprises of three Ford Transit vans These have been valued by Messrs Agentcite Limited, for the
purposes of the Statement of Affairs, at £2,200 on a "willing buyer" basis and £1,200 on a “forced sale"
basis
§ Cash at Bank .
This is the current credit balance believed to be held in the Company's current account with National
Westminster Bank plc and should therefore be fully recoverable in to the liquidation
6 Connected Company Debtor - The Withindale Gallery Ltd
The Withindale Gallery Ltd (“Withindale") provided management services to the Company and ts also the
100% owner of the Company's shares However, Withindale now also has no option but to cease trading
and enter into Creditors Voluntary Liquidation, and a meeting of its creditors has also been cailed for 14
April 2011 for the purposes of passing a Winding Up Resolution and appointing a liquidator It is not
currently anticipated that there will be funds available from the liquidation of Withindale to distribute to its
creditors
CLEANBRITE LIMITED l
NOTES TO DIRECTOR'S ESTIMATED STATEMENT OF AFFAIRS
AS AT 14 APRIL 2011
(continued)
7 HM Revenue & Customs (PAYE/NIC)
The outstanding PAYE and NIC relates to sums owed from November 2010 onwards
8 H M Revenue & Customs (VAT)
The outstanding VAT relates to sums owed following the ending of the Company's payment plan with H
M Revenue & Customs, and includes VAT and surcharges owed for periods from November 2008
9 The costs and expenses of the Ibquidation have not been accounted for
92 90S'LEr'LS
60 $z0'% SPP LOM ‘UOPUCT ‘MOY Plcypag ZZ - OZ poy] BojayaL
b9 O2L LZ 0109 ‘young ‘Aungpng ‘peoy yuomBp3 sayddng aay Aingpns
$6 0z0'E HML 0109 ‘young ‘Aungpng ‘ye sseuisng ||eEYypooAA ‘aAuq Ainiq uBisaq julodajpaay
vS 192'8P0'L AL BESS ‘Bag Uo PUuaYNOS ‘anusay eLOJOIA |Z ‘asnoH Jepuexaly (LWA) Swojsng 9 anuaAay WH
26 O9€'Ere VVI 62D ‘mobse|y ‘apiigiy jseq ‘asnoH Aemsuaany ‘suojesedo Jawojsng ' wea] sjeuayay JeAo|dwy (OIN/AAVd) Swojsn9 9 anueAay WH
zy COE Ta8 €289 ‘eBpuques ‘IIH Jeg ‘Aeag Buri, ‘pp wun Syola
00 087'% AN tdi ‘WOYNs ‘yoImsd] ‘peoy sieUAeIs ‘NOD |[eMWOID € ‘JOO]4 JSUI4 dT] dnoig ABojouyoe, Sdd
66 vLS'L V8 0109 ‘MOYNS ‘YysIPUsAeD ‘Jea/15 J8MO7 'SASOY PIIAA PI} SUONNOS jusWaBeuUeY {tyounyD
92 089'€ Oy 9OD ‘IoyNs ‘pueAen ‘spuelde uojBuissi~y ‘aBuesD opispoopy a0 PV
86 Zep'9 DO OLOd ‘IONS ‘Aingpng ‘pieWOD JealD ‘peoy UIIy 10d 4g saoias poddns sulyoe, Buea
00 000'02 O3Z OZIND 'xeSS3 ‘WI MOHEH ‘peoy eBpuques ‘asnoy abpuqwed ‘oo)4 puz s]uB}UNODOYW poomysng
3 ssaippy awen
SYHOLIGAYS QAYNDASNN
SYOLIGAYD ANVdWOD
G3LIAN ALMENV3aI15