Insolvency Notices

Company

NB42 LIMITED

Notice Type
Meetings of Creditors
Publication date
09/08/2019
Edition
The London Gazette
Notice ID
3363256
Notice Code
2442

This notice is in substitution for that which appeared in The London Gazette on - notice ID 3361975; issue number, and page in the 8 August 2019 printed edition. Notice URL - https://www.thegazette.co.uk/notice/3361975

NB42 LIMITED

(Company Number 07561897)

Registered office: C/o Begbies Traynor (Central) LLP, 4th Floor, Cathedral Buildings, Dean Street, Newcastle Upon Tyne, NE1 1PG

Principal trading address: 5th Floor, 89 New Bond Street, London, W1S 1DA

Please note that further to a request for a physical meeting reaching one of the prescribed thresholds pursuant to Section 246ZE of the Insolvency Act 1986 a physical meeting of the Company's creditors will be held at 2pm on 22 August 2019 at the offices of Smith & Williamson LLP, 25 Moorgate, London EC2R 6AY. Adam Henry Stephens is the convener of the meeting ("the Convener"). The purpose of the meeting is for the creditors to consider the following: 1) That under Rule 6.19, that a liquidation committee should NOT be established unless sufficient, eligible creditors are willing to be members of a committee; 2) That following a request from HM Revenue & Customs, Gerald Maurice Krasner of Begbies Traynor (Central) LLP and Adam Henry Stephens of Smith & Williamson LLP, be removed from office and be replaced by Anthony Malcolm Cork of Wilkins Kennedy; 3) That following a request from SRLV and New Bond Street Registrars Limited, that both Joint Liquidators be removed from office and replaced by Paul Cooper and David Rubin of David Rubin and Partners; 4) That the basis of the Joint Liquidator's remuneration that is attributed to the costs of Smith & Williamson LLP be fixed and capped at ÂŁ7,500 plus VAT and disbursements being the costs of convening a S171 decision procedure and subsequent physical meeting of creditors; 5) That the unpaid post-appointment time costs and category 1 disbursements incurred by Freeths LLP be approved and paid as an expense of the liquidation. The costs of Freeths LLP be capped at ÂŁ5,880 (plus VAT); 6) That the basis of the Joint Liquidator's remuneration that is attributed to the costs of Begbies Traynor (Central) LLP be fixed and capped by reference to the time properly spent by them and their staff in attending to matters arising in the liquidation in accordance with details of the work the Joint Liquidators have undertaken and expenses that have been incurred. Subject to the outcome in relation to decision 2) the remuneration of Begbies Traynor (Central) LLP be capped at ÂŁ32,500 (plus VAT) and expenses at ÂŁ750 (plus VAT); 7) That the unpaid pre-appointment and post-appointment time costs and category 1 disbursements incurred by Pinsent Masons LLP be approved and paid as an expense of the liquidation. The costs of Pinsent Masons LLP be capped at ÂŁ31,000 (plus VAT) and expenses at ÂŁ750 (plus VAT).

This follows a request for a requisitioned decision from one or more creditors under Section 246ZE (7) of the Insolvency Act 1986.

The meeting will be held at Smith & Williamson LLP, 25 Moorgate, London, EC2R 6AY on 22 August 2019 at 2pm. As a result of the requirement to hold this physical meeting the original deemed consent procedure is superseded. The Convener has the discretion to permit remote attendance (meaning attending and being able to participate in the meeting without being in the place where it is being held) if such a request to do so is received in advance of the meeting.

A creditor may appoint a person as a proxy-holder to act as their representative and to speak, vote, abstain or propose resolutions at the meeting. A proxy for a specific meeting must be delivered to the Convener before the meeting. A continuing proxy must be delivered to the Convener and may be exercised at any meeting which begins after the proxy is delivered. Proxies may be delivered to Smith & Williamson LLP, 25 Moorgate, London, EC2R 6AY.

In order to be counted a creditor's vote must be accompanied by a proof in respect of the creditor's claim (unless it has already been given). A vote will be disregarded if a creditor's proof in respect of their claim is not received by 4pm on 21 August 2019 (unless the chair of the meeting is content to accept the proof later). A creditor who has opted out from receiving notices may nevertheless vote if the creditor provides a proof of debt in the requisite time frame. Proofs may be delivered to Smith & Williamson LLP, 25 Moorgate, London, EC2R 6AY.

Date of Appointment: 16 May 2019

Office Holder Details: Adam Henry Stephens (IP No. 9748) of Smith & Williamson LLP, 25 Moorgate, London, EC2R 6AY and Gerald Maurice Krasner (IP No. 005532) of Begbies Traynor (Central) LLP, 4th Floor, Cathedral Buildings, Dean Street, Newcastle upon Tyne, NE1 1PG

Further details contact: The Joint Liquidators, Tel: 020 7131 8541. Alternative contact: Thomas Walls, Email: thomas.walls@smithandwilliamson.com

Adam Henry Stephens, Joint Liquidator

7 August 2019

Ag JG50556