Insolvency Notices

Company

BAILEY RICHARDS WEALTH MANAGEMENT LIMITED

Notice Type
Meetings of Creditors
Publication date
31/05/2022
Edition
The London Gazette
Notice ID
4083259
Notice Code
2442

BAILEY RICHARDS WEALTH MANAGEMENT LIMITED

(Company Number 08058075)

Registered office: No 9 Hockley Court, Hockley Heath, Solihull, B94 6NW

Principal trading address: No 9 Riverside Studios, Amethyst Road, Newcastle upon Tyne, NE4 7YL

NOTICE OF DECISION BY CORRESPONDENCE APPROVAL OF LIQUIDATOR NOTICE IS HEREBY GIVEN pursuant to Rules 18.19, 15.3 and 15.13 of The Insolvency (England and Wales) Rules 2016 (as amended) and the Insolvency Act 1986 (as amended) that the Liquidator of the above named entity is seeing decisions from creditors by correspondence as detailed below.

Decisions being sought are:

1. For the appointment of a Committee if the creditors so wish and sufficient nominations for membership of the Committee are received.

2. Rendle & Co should be remunerated in the sum of ÂŁ5,000 (plus expenses and VAT) for their pre-appointment work

3. In the event that a committee is not appointed the Office Holder's fees be fixed on a time cost basis as set out in the Fees Pack and paid periodically as funds permit.

4. The Office Holder be authorised to draw 'Category 2' expenses, periodically on account at his firm's standard rate as amended from time to time & for the amounts so drawn to be notified to creditors periodically as required.

The final date for votes is:

Date: 23 June 2022 - "Decision Date"

In order to be entitled to vote, a creditor, including those whose debts are less than ÂŁ1,000, must lodge a statement of claim in writing on or before the Decision Date, failing which the vote will be disregarded. Secured creditors (unless they surrender their security) must also give particulars of their security, the date on which it was granted and its estimated value if they wish to vote.

Nominations for the appointment of a Committee member must be delivered to the Convenor by the date specified for the lodgement of votes in the notice and can only be accepted if the Convenor is satisfied as to the nominee's eligibility under Rule 17.4.

Creditors who have opted out of receiving information may vote by submitting a claim form in writing and a voting form on or before the Decision Date.

All claims and voting forms must be delivered to Rendle & Co, No 9 Hockley Court, Hockley Heath, Solihull, B94 6NW on or before the Decision Date.

Creditors may require a physical meeting to be convened to consider these Decisions provided that the request is made before the Decision Date and within 5 business days of the deemed delivery of this notice by delivering an authenticated and dated Notice of the objection to the Convener C/o Rendle & Co at the address provided below.

The threshold for a request to the use of this procedure and for the convening of a physical meeting is 10% of creditors by value, or 10% by number or 10 creditors. Creditors means all creditors.

If sufficient requests for a physical meeting are received the decision procedure will not be held and no decisions taken. The Convener will then write to creditors to give Notice of a physical meeting to enable creditors to consider these decisions.

Creditors also have the right to appeal the decisions made by the resolutions by applying to Court under Rule 15.35 of the Rules within 21 days of the Decision Date.

Contact details: Richard Paul Rendle (IP No. 5766) who was appointed as Liquidator on 4 April 2022. You may also contact Liz West (liz.west@rprendle.com) at Rendle & Co, No 9 Hockley Court, Hockley Heath, Solihull, B94 6NW or email info@rprendle.com. Telephone number: 01564 783777.

R P Rendle

Liquidator

25 May 2022