Insolvency Notices

Company

GCL REALISATIONS LIMITED

Notice Type
Moratoria, Prohibited Names and Other: Re-use of a Prohibited Name
Publication date
06/07/2018
Edition
The London Gazette
Notice ID
3062538
Notice Code
2403

RULE 22.4 INSOLVENCY (ENGLAND AND WALES) RULES 2016

NOTICE TO CREDITORS OF AN INSOLVENT COMPANY OF THE RE-USE OF A PROHIBITED NAME

GCL REALISATIONS LIMITED

07601953

Previous Name of Company: GREENRAY CAPITAL LIMITED

GTL REALISATIONS LIMITED

02547355

Previous Name of Company: GREENRAY TURBINES LIMITED

GCS REALISATIONS LIMITED

09409790

Previous Name of Company: GREENRAY CONTROL SOLUTIONS LIMITED

GLL REALISATIONS LIMITED

03697101

Previous Name of Company: GREENRAY TURBINES (LINCOLN) LIMITED

GREENRAY ENERGY SOLUTIONS LIMITED

08111525

ITS REALISATIONS LIMITED

08904610

Previous Name of Company: INTEGRATED TURBINE SYSTEMS LIMITED

On 8 June 2018 the above-named companies entered in to administration.

We, Anita Paulie and Norman Davies, of New Horizons, Teal Park Road, Lincoln, Lincolnshire, LN6 3AD, are directors of the above-named companies.

We hereby give notice that it is our intention to act in one or more of the ways to which section 216(3) of the Insolvency Act 1986 applies for the purposes of the carrying on of the whole or substantially the whole of the business of the above named companies under the following name:

GREENRAY CAPITAL LIMITED

We would otherwise not be permitted to undertake those activities without the leave of the Court or the application of an exception created by Rules made under the Insolvency Act 1986 and a breach of the prohibition created by section 216 is a criminal offence.

Rule 22.5 - Statement as to the effect of the notice under rule 22.4(2):

Section 216(3) of the Insolvency Act 1986 lists the activities that a director of a company that has gone into insolvent liquidation may not undertake unless the court gives permission or there is an exception in the Insolvency Rules made under the Insolvency Act 1986. (This includes the exceptions in Part 22 of the Insolvency (England and Wales) Rules 2016). These activities are-

(a) acting as a director of another company that is known by a name which is either the same as a name used by the company in insolvent liquidation in the 12 months before it entered liquidation or is so similar as to suggest an association with that company;

(b) directly or indirectly being concerned or taking part in the promotion, formation or management of any such company; or

(c) directly or indirectly being concerned in the carrying on of a business otherwise than through a company under a name of the kind mentioned in (a) above.

This notice is given in pursuance of Rule 22.4 of the Insolvency (England and Wales) Rules 2016 where the business of a company which is in, or may go into, insolvent liquidation is, or is to be, carried on otherwise than by the company in liquidation with the involvement of a director of that company and under the same or a similar name to that of that company.

The purpose of the giving of this notice is to permit the director to act in these circumstances where the company enters (or has entered) insolvent liquidation without the director committing a criminal offence and in the case of the carrying on of the business through another company, being personally liable for that company's debts.

Notice may be given where the person giving the notice is already the director of a company which proposes to adopt a prohibited name.