Insolvency Notices

Company

FREERIDECYCLES LIMITED

Notice Type
Meetings of Creditors
Publication date
22/08/2017
Edition
The London Gazette
Notice ID
2851573
Notice Code
2442

FREERIDECYCLES LIMITED

(Company Number 06527458)

Registered office: 20 Market Street, Disley, Stockport, Cheshire, SK12 2AA

Principal trading address: 20 Market Street, Disley, Stockport, Cheshire, SK12 2AA

NOTICE IS HEREBY GIVEN to Creditors pursuant to Rules 6.14 (2) (b) and 15.8 of The Insolvency (England & Wales) Rules 2016, ("The Rules"), that decisions are being sought, by a Virtual Meeting of Creditors, pursuant to Rule 15.5 of The Rules. Decisions for approval

1. For the appointment of Mark Beesley (lP Number- 8739) and Tracy Mary Clowry (IP Number- 9562), of Beesley Corporate Solutions, Astute House, Wilmslow Road, Handforth, Cheshire, SK9 3HP as Joint Liquidators of Freeridecycles Limited.

2. That the Joint Liquidators be authorised to act jointly and severally.

3. That a Liquidation Committee be formed.

4. That the Joint Liquidators be authorised to draw ÂŁ4,000.00 plus VAT and disbursements (to include category 2 disbursements) in respect of preparing the Statement of Affairs and convening the Virtual Meetings of Members and Creditors.

In this regard no funds have been paid to the Nominated Liquidators.

5. That the Joint Liquidators be authorised to draw fees on account, subject to availability of funds, on a time cost basis; estimated at ÂŁ9,702.50 plus VAT; and disbursements (to include category 2 disbursements), estimated at ÂŁ2,445.20; over period of two years as detailed in the Beesley Corporate Solutions- Fees Estimate Pursuant to Rule 18.16 (4) of The Insolvency (England & Wales) Rules 2016 which was issued to creditors on 22 August 2017.

6. That in the event that the anticipated remuneration and/or expenses exceed the above amounts, the Joint Liquidators may request approval for additional amounts to be drawn.

NB 1: In the event that a Liquidation Committee is formed the decisions as regards remuneration will be the responsibility of the Committee and not form part of this decision process.

The Virtual Meeting will be held as follows:

Time: 10.45 am

Date: 01 September 2017

The Virtual meeting may be suspended or adjourned by the chair of the meeting (and must be adjourned if it is so resolved at the meeting).

A proxy form is available free of charge upon request to the convener at the following address or by email to Michaels@beesley.co.uk to enable creditors to appoint a proxy-holder to attend on their behalf(note: any creditor who is not an individual must appoint a proxy-holder, if they wish to attend or be represented at the meeting).

NB 2: Creditors are advised that, in order to vote a valid proof of debt form must be received by 16.00 hours on the 31 August 2017, and all proxy forms must be delivered to the convener or chair before they may be used at the meeting fixed for 01 September 2017 at 10.45 am.

Secured Creditors (unless they surrender their security) must give particulars of their security and its value.

Creditors are advised that, 10% or more by value of Creditors, 10 Creditors in number or 10% of the total number of Creditors may pursuant to Section 246ZE (7) of the Act, may within five business days from the date of the delivery of this notice, request a physical meeting be held to consider the above matters.

A request for a physical meeting must be made in writing to the Convener c/o danf@beesley.co.uk or Astute House, Wilmslow Road, Handforth, Cheshire, SK9 3HP and must be accompanied by a proof of debt.

A deposit of ÂŁ750.00 plus VAT towards the costs of convening the meeting should be available with the request pursuant to Rule 15.9 of The Rules.

It is the conveners' responsibility to aggregate any requests to see if the above thresholds are met.

A decision of the convener on the validity and aggregation of any requests pursuant Rule 15.6(2) of The Rules, is subject to appeal under Rule 15.35 of The Rules, as if it were a decision under Chapter 8 of part 15 of The Rules.

Creditors who have taken all steps necessary to attend the virtual meeting under the arrangement made by the convener, but that do not enable them to attend the whole or part of the meeting, may complain under Rule 15.38 of The Rules. A complaint must be made as soon as reasonably practicable, and in any event no later than 4pm on the business day following the day on which the person was, or appeared to be, excluded; or where an indication is sought under Rule 15.38, the day on which the complainant received the indication.

Such an appeal must be made no later than 21 days after the decision date.

Further information about this case is available from the offices of Beesley Corporate Solutions on 01625 544 777.

John Odlin , Director

21 August 2017