TATE CONSULTING ENGINEERS LIMITED - Liquidator's Progress Report

Form: 4.68 - Liquidator's Progress Report

LIQUIDATOR'S STATEMENT OF RECEIPTS AND PAYMENTS:BROUGHT DOWN DATE 02/02/2012:LIQ. CASE NO.1

Filed on: 11 Apr 2012

The text below was automatically extracted from a scanned copy of the original document.

The document shown is only an approximation, it is not an exact representation of the actual document.

A lot depends on the quality of the original scan, but:

  • there is no formatting
  • some words will be incorrect
  • all numbers are shown as #
  • in fact, some bits will look like complete gibberish

PROCEED WITH CAUTION, but we hope this will give you a good idea what is in the original document

Purchase a copy of this document for only £4.99 ex vat
Your purchased version will be formatted well and be totally readable!
View other documents available
~\
Rule # ##C
The Insolvency Act ####
Liquidator‘s Progress
Report
Pursuant to Sections ##A and ###A
of the Insolvency Act ####
To the Regrstrar of Cornpames
Name of Company
Fonn # ##
S.l##
For Officlal Use
Company Number
########
Tate Consultmg Engmeers Ltd
l
\/ We
Clatre Loulse Foster
The Manor House
### Ecclesall Road South
Sheffield
Sl l #PS
F####?! Grant
The Manor House
### Ecclesall Road South
Sheffield
S# l #P#
the l#liquidator(s) of the company attach a copy of my/our progress report
under section ### of the Insolvency Act ####
Stgned Date Q’ Q-
Wrlson Fteld Llmlted
The Manor House
### Ecclesall Road South
Sheffield
Sll #PS
Ref TATEO l C/CLF/FG/KH
Software Supplred by Tumkey Computer Technology Llmllod Glasgow
WEDNESDAY
\\ll"\ll\\fllli ‘Illll\\\lilly\ill\i\\\ll\
'Q###TS#S
QIQ ##/##/#### ####
COMPANIES HOUSE

Tate Consulting Engineers Ltd
(In Liquidation)
Joint Liquidators‘ Abstract of Receipts & Payments
Statement
of Affairs
From ##/##/####
To ##/##/####
###,### ##
(### ### ##)
NIL
##,### ##
Uncertain
(##,### ##)
(#,### ##)
(##,### ##)
(##,### ##)
(###,##s ##)
(##,### ##)
(# O#)
(###,## #.##)
SECURED ASSETS
Freehold Land & Property
SECURED CREDITORS
NatWest Bank PLC
ASSET REALISATIONS
Fumiture & Equipment
Motor Vehicles
Book Debts
Intercompany Tl‘an\##CilOnS
COST OF REALISATIONS
Specific Bond
Statement of affairs fee
Liquidators fees
Agents/Valuers Fees (I)
Agents/Valuers Fees (#)
Storage and collection of records
Re-Direction of Mail
Statutory Advertising
Book Debt Commission
UNSECURED CREDITORS
Trade & Expense Creditors
Employees
Dept of Employment
Directors Loans
I-IM Revenue and Customs - VAT
HM Revenue and Customs - PAYE
DISTRIBUTIONS
Ordinary Shareholders
REPRESENTED BY
Vat Receivable
Bank I Current
Vat Payable
NIL
NIL
NIL
NIL
#,### ##
NIL
##,### ##
NIL
##,### ##
### ##
#,### ##
#,#### ##
#,### ##
### ##
#,### ##
## ##
### ##
#,### ##
(##,### ##)
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
(#.##)
### ##
### ##
(#,### ##)
NIL
Page # of# IPS SQL Vcr # ## ## February #### I# I#

# April ####
Our Ref CLF/FG/KH/Progrep/TATE##C/#
In the Matter of Tate Consulting Engineers Ltd
And In the Matter of The Insolvency Amendment Rules ####
Joint Liquidators’ Report to Members and Creditors
Contents
# Introduction
# Company and Joint Liquidators‘ Details
# Progress During the Period
# Investigations
# Assets that remain to be real#seed
# Creditors and Distr#bunions
# Joint Liquidators’ remuneration
# Conclusion
Appendices
A Receipts and Payments Account
B Time Analysis in accordance with SIP #
C Wilson Field Limited Charge out Rates and Disbursements Policy

#. Introduction
This report to members and creditors covers the period # February #### to # February ####
This report is prepared on an exception basis detailing only material changes from the last
report
#. Company and Joint Liquidators’ Details
Company name Tate Consulting Engineers Ltd
Registered address col Wilson Field Ltd
The Manor House
### Ecclesall Road South
Sheffield
S## #PS
Other trading names of the company None registered
Company number ########
Name of Joint L#liquidators Claire Foster and Fiona Grant
Address of Joint Liquidators Wilson Field Limited
The Manor House
### Ecclesall Road South
Sheffield
S## QPS
Date of Appointment ## February ####
Change in Office Holder None
#. Progress during the Period
Attached at Appendix A to this report is a Receipts and Payments account for the period #
February #### to # February ####
This is generally self-explanatory, but I would report specifically as follows
Assets
Book debts realised to date total £##,### The Statement of Affairs estimated book debts
would realise £##,### The directors were instructed to assist in the collection of the book
debt ledger following the appointment of Joint Liquidators for a ##% realisation fee It has
become apparent through the course of the Liquidation that prior to the Liqudiation there had
been debts due to a connected party in putted on the sales ledger for Tate Consulting
Engineers Lrmited This has been fully reviewed and evidenced by the connected Company to
the satisfaction of the Joint Liquidators Realisations are significantly lower than estimated on
the Statement of Affairs and no further realisations are anticipated in this matter
Furniture and Equipment was listed on the Statement of Affairs with a nil realisable balance
however the Joint Liquidators ll’ISII'UCI#d independent agents to attend, value and clear the
property at Unit # Carlton Court, Leeds and the sum of £#,### has been realised in this
regard No further realisations are anticipated in this matter

The duly appointed Joint Liquidator will report further to creditors in due course
#. Investigations
It is a statutory requirement that a report on the Directors conduct is submitted to The
Insolvency Service, within six months of appointment The appropriate report has been
submitted, however I am unable to comment on the content of the report
I confirm that I have investigated the affairs of the company in accordance with Statement of
Insolvency Practice # and Statement of Insolvency Practice #
Investigations are continuing into the financial affairs of the Company in relation to potential
preference payments made to the director, Shane Tate, shortly prior to the appointment of
Joint Liquidators The Liquidators have instructed a solicitor to seek Counsel's opinion on the
merits of pursuing the claim further
The duly appointed Joint Liquidator will report further to creditors in due course
# Assets that remain to be realised
The Joint Liquidators have been retained by the mortgagor in respect Unit # Carlton Court
Leeds to market and sell the property Independent agents King Sturge Limited were
instructed to assist in this matter Although a number of parties have expressed an interest in
the property and attended site no offers have been received in respect of the property The
Joint Liquidator intends to seek further instruction for the mortgagor in respect of the
disposition of the creditor In any event, at the time of the Joint Liquidators appointment there
was no equity in the property and as such the position for unsecured creditors in this matter
remains the same
#. Creditors and Distributions
Secured Creditors
NatWest Bank PLC hold fixed and coating charges over the assets of the Company dated #
April ####, ## November ####, # December #### and ## September ####
No payments have been made to the secured creditor in this matter It is anticipated that
NatWest Bank PLC will realise a proportion of their security from the realisation of the fixed
charge assets, namely the property at Unit #, Carlton Court, Leeds
Preferential Creditors
The Statement of Affairs estimated that there would be no preferential claims
Preferential claims received to date total £##,### which is made up as follows arrears of
Wages and Holiday Pay No further claims are anticipated in this matter
It is unlikely that a dividend will be paid to any class of creditor in this matter
Prescribed Part
Based on anticipated realisations, it is not anticipated that a prescribed part fund will be set
aside for unsecured creditors
Unsecured Creditors
The Statement of Affairs estimated that unsecured claims would amount to £###,###

C,@<
## unsecured claims have been received to date totalling £###,###, leaving ## creditors who
have not lodged a claim in the liquidation
Claims have not yet been formally agreed
There are insufficient funds at present to enable a distribution to any class of creditor
#. Joint Liquidators‘ Remuneration
At the first meeting of creditors held on # February ####, it was resolved that the Joint
Liquidators remuneration would be calculated on a time cost basis The chargeable time for
this period has been analysed and a breakdown is attached as Appendix B
In accordance with the resolution at the erst meeting, I have drawn £#,### on account of
remuneration
My expenses for the period are as follows (* denotes that they are Category #
disbursements) -
Expenses Expenses
Incurred Drawn
E E
Postage, stationery & photocopying* I ### O# I NIL
Room Hire’ I ### ## I NIL
i
Companies House search fees I ## ## NIL
Document upload centre’ ‘ ### O# NIL
Storage * #### O# #### O#
Bond I ### ## ### ##
Re-direction of mail I ## ## ## ##
Statutory Advertising I ### O# ### ##
BOOK Debt Agent I #### ## #### ##
Agents Valuers Fees I #### ## #### ##
Total
Within ## days of receipt of this progress report a creditor may request further information
regarding the Joint Liquidators remuneration and expenses, and their rights to challenge the
office holders remuneration and expenses Any request must be in writing and may be made
by either a secured creditor, or an unsecured creditor with the concurrence of at least #% in
value of unsecured creditors, or the permission of the court
#. Conclusion
In common with all professional arms, our charge out rates increase from time to time I
enclose a copy of our current charge out rates and disbursements policy as Appendix C
I will report again in ## months unless the liquidation is terminated prior to this
Yours faithfully
C L Foster
Joint Liquidator

Tate Consulting Engineers Ltd - In Liquidation
Appendix A
Receipts and Payments Account

Tate Consulting Engineers Ltd
(In Liquidation)
Summary of Receipts & Payments
## February #### to ## February ####
RECEIPTS Total (E)
Furniture & Equipment #,### O#
Book Debts ##,### ##
Liquidators fees #,### ##
Vat Payable #,### ##
Vat Control Account #,### ##
##,###.##
PAYMENTS
Book Debts ##,### O#
Specific Bond ### O#
Statement of affairs fee #,### ##
Liquidators fees ##,### O#
AgentsNaluers Fees (#) #,### ##
AgentsNaluers Fees (#) ### ##
Storage and collection of records #,### ##
Re-Direction of Mail ## O#
Statutory Advertising ### ##
Book Debt Commission #,### ##
Vat Receivable #,### ##
##,###.##
Balance In Hand ### ##
##,### ##
Page # lo# IPS SOL Ver # ## O# April #### ## ##

#
Tate Consulting Engineers Ltd - in Liquidation
Appendix B
Time Analysis in Accordance with SIP #

#:#‘ #' ##:! Elwoxi E V‘ owe :## ##:): !§_#::;_OM'f{i,m_: \ii‘i::: :_ r
N W X V I ‘
Th “xii ff :Mm___n_\_'kiwi:_’_WYAiwnmwfW Jwwiy WWWHM _ H ~
NWi'_\mm: _i€MM{m WWHMWH_flWMWM,:a Mm_“ ‘,_mallow\W_mW_mi/?M&‘_i_mW M i
O#“
##
##
OQO
# SF B Qgg E #
# F: S ME; C g
# Q# # sun OD N
# QN QC Em H; N
# O “N # O# F On Q
## # # # _
# O # _ # Q
# Q # O # O
Mama “O CO_“NW=N$m%
ON__
#:‘
___$_>@m g __O_Em_§>___
__g_& (ODD
or @i " > M__D_“ONWCN__'__ EUnflU®E<
AW my MW W N N M
MW V, __g_J
M
W
“H
M w
“M
a W# _,_~
WV “W ~ _:
WCO_um_“W#>__\_‘_
(‘\t'Ni vlzl‘ M I‘ l,l'll W N _ A X?!
‘n\l‘)'Yli“""i‘ ‘L#’ # Q#. #‘! '
#° qt OD VG___ GO Q
OD SN QC Q# H##
OS Q DO D CO Q
: ;__ H# N: H# Q
# R: OD EN # Q
GO #: DO # # Q

O#
Cg
##
##
##
OUF #N #? QWO
# Q S Q # Q # O
# O # Q # O # O
# C S Q # O g C
F<> Us “ah
m_g_g__§_w
m$>D_QEm
ow F ON F or F on O m__O“_Um:o IE# co_~NO_C:EE°o
## EC ## COO
WEEG w__#_UQO
My
m
MW?” “J V
MMWQIT MAM gym:
G # # Q
# O OD Q
g O QC O
# O DO O
# # # Q
O? # # Q
# #: # :##
# Q # O
# D # Q
# D # D
# N# # #?
g Q# # QNN
$#: #;? #_ #Q
## g # G; # N # D
“EN: N### RV N©V
GO # DO N
# O # O
# Q # O
# O g O
g N # O
# __

#Q
##
COO
g F
#D
##
#O
##
#;
EC
COO
#_
##
##
#;
##
##
CDC
OVO
# # #: fi#__
##
#N
#Q
CO#
_#c_gum_#
“_W_> Utw
;U_>a>o Qmggw
#__~__aeon “EN >__#__Ew
___°_E__$_:_EU( _Ew__w#
E®__U\m__###_n_
g#_>§ as
#____#_F_$o
___#______O&<
# “MN O# #: # # # O
M ‘
gm
my
m
# O I
M “Q &’__Wm_“:‘: _:‘N_ KY#V“V;_M_w;%h“m"w__W;' # _ PM M_,_::w‘_,I L Q)» k ‘T w # _ M» lmtwmxmx m W /# _ ZN W _ MW # I a _ V Mm“ WWW MM /_
mm *“__~g _fiwmM_M)_fl H _v »HF% W ‘_flW_@Ww$“_t WW#” PM Fm?‘ L M g %iflmwpgwvwvW“WN_VJM M“_‘”M"_ # A > k/m______=~_Q __F_~A_I_°_um__us______‘_#
#? _;d#H_m_‘ > “ v an _,___ u “ pi N#“ g? __‘v#€_#_v___v_; “V: ‘ :#: __i ‘ ,#, I. Y ‘au, Y ‘E; : T ‘
gag W“§g§v Q##; gig $# g mg A
N#Qg\NO # __#§§
k _#§~Qg_ Q _ __O_“N_u_=Ei_ >__s_=__O> ##__g__o
“am ##¢ muggy w w m g__§i_ p_g__m__m m____“___W=OU g o_°m__E_F
Cow >> #__%O &_w
W__#_g__or

ZN:
# Q
# O
# Q
# VFQNN
E Q
G # # ah B #_____U_‘ # RQN
_ B‘ Eb HQ; # _‘_‘
# aim
g #
W Mo: _fl°___
E___°I _#°___
#:_ #°
GOO ##
COO ##
## #D
#° OOH.
## ##
Cg #O
#Q #;
#° #;
#O ##
#° #Q
#Q #Q

QQQ
##
ODD
#O__E#o # __$E#mg_w_#
M#__WM_ $>O_QEm_ m____Om__o
m____g; # #__~____JO#<
: ff J “ NW __ M # ml WK‘ nm;\__: mu“: _*fi_m #’ mm ‘My Hm X# m‘fiE.___ _~_?X‘Q_._ ‘_ Q W u IZVW mm'@(_:M ~ # M n W %_‘M WM MK M##‘; M
F W A gypsum “mm HIM Wm WW W WW
g E
# O
Q gm
# at

MAG
g rad # #‘
# Q # O
# N#: # #
DC $#; # @
# O # F # g # \_
OD Q QC O # O # O
# Q # C # M # N
QC C # Q #“ my g N
#;
COO
"EMU
ODD
mg
Pom
mgr “$# c Wmu___m___m__€go_n_
#_____M___ Em #E_JU¢m_m___>____a_u_
@MH@_

l #
Tate Consulting Engineers Ltd - In Liquidation
Appendix C
Wilson Field Limited Charge out Rates and Disbursement Policy

#
WILSON FIELD LIMITED CHARGE OUT RATES AND DISBURSEMENT POLICY
in accordance with the statement of insolvency practice covering fees and disbursements, we are
required to disclose to you our policy for recovering non-specific disbursements, and the charge out
rates for the various grades of staff who may be involved in this case
Hourly Charge Out Rates
E### — ###
£### — ###
£### — ###
£## — ###
Directors/Insolvency Practitioner
Managers & Senior Managers
Administrators and Senior Administrators
Secretarial & Support
The office holder(s) will seek approval from creditors to draw remuneration on a time cost basis, in
accordance with the rates detailed above, at the meeting of creditors
In common with all professional firms, our charge out rates increase from time to time We reserve the
right to change the rates without prior notice to you Any change will be reported in the next statutory
report to creditors
Rechargeable Disbursements
Category # disbursements - as defined in SIP # - requiring prior approval of creditors
£# per creditor per year
(or part year)
£### (£### for London)
£# per box per month
##p per mile
£## per hour
£## per search document
£## per document
£###
£###’ per restriction "
£##’ per restriction
£###‘ per transfer
£# ,###*
£# ,O##*
Postage, stationery, photocopying et
Rmoo Hire where meeting held at Wilson Field office
Storage of books and records
Mileage
Collection of books and records
Companies House search fees
Land Registry On-Line search fees
Document Upload Centre charge
Registering of restrictions on property
Removal of a restriction on a property
Property Transfer Fees
Issuing winding up petitions
Issuing bankruptcy petitions
‘These category # disbursements are in relation to profit cost only Any category #
disbursement in respect of these such as Court Fees, Deposit fees, Land Registry fees will
also be recovered at the prevailing rates
The office holder(s) will seek approval from creditors to draw these disbursements at the creditors
meeting
These rates are applicable on all insolvency appointments from ## October #### until further notice