Insolvency Notices

Company

PRODUCT 1 AUDIO VISUAL LIMITED

Notice Type
Qualifying Decision Procedure
Publication date
06/10/2022
Edition
The London Gazette
Notice ID
4176258
Notice Code
2409

PRODUCT 1 AUDIO VISUAL LIMITED

Company Number: (09510656)

Registered office: 47 Wakefield Road, Hipperholme, Halifax, HX3 8AQ

Principal trading address: 47 Wakefield Road, Hipperholme, Halifax, HX3 8AQ

This Notice is given under Rule 6.14 and 15.8 of the Insolvency (England & Wales) Rules 2016 ("the Rules"). It is delivered by the director(s) of the Company, c/o Simon Weir, DSi Business Recovery, Ashfield House, Illingworth Street, Ossett, WF5 8AL (01924 790880).

It is proposed that the following decisions be made: 1. The creditors confirmed the nomination of the liquidator appointed by the members and accordingly Simon Weir remains as liquidator of the Company. 2 A Liquidation Committee will not be established. 3. The approval of the fee for preparing the statement of affairs and calling the relevant meeting to place the company into liquidation. 4. The basis of the Liquidator's fees. 5. The approval of the Liquidator's Category 2 disbursements

A resolution to wind up the company is to be considered by shareholders on 19 October 2022.

The proposed Liquidator who is qualified to act as an insolvency practitioner is: Simon Weir (IP No. 9099) of DSi Business Recovery, Ashfield House, Illingworth Street, Ossett, WF5 8AL. Email: info@dsinsol.com. Tel: 01924 790880.

The proposed liquidator during the period before the decision date will furnish creditors free of charge with such information concerning the Company's affairs, as they may reasonably require.

The director(s), before the decision date and before the end of the period of seven days beginning with the day after the day on which the company passed a resolution for winding up, are required by section 99 of the Insolvency Act 1986- (i) to make out a statement in the prescribed form as to the affairs of the Company, and (ii) send the statement to the Company's creditors.

The virtual meeting will be held at 11.15 am on 19 October 2022.

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). Also provided is a proxy form, 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).

All proxy forms, together with a proof of debt if one has not already been submitted, must be completed and returned by one of the methods set out below: By post to: DSi Business Recovery, Ashfield House, Illingworth Street, Ossett, WF5 8AL. By email to: info@dsinsol.com.

Please note that, if you are sending forms by post, you must ensure that you have allowed sufficient time for the forms to be delivered to the address above by the times set out below. An email is treated as delivered at 9am on the next business day after it was sent.

All proofs of debt must be delivered by: 4.00pm on the business day prior to the meeting. All proxy forms must be delivered to the convener or chair care of DSi Business Recovery, Ashfield House, Illingworth Street, Ossett, WF5 8AL prior to the meeting before they may be used at the meeting fixed for 11.15am on 19 October 2022.

If your proof of debt has not been received by the time specified above (whether submitted previously or as a result of this Notice), that creditor's vote will be disregarded. Any creditor whose debt is treated as a small debt in accordance with Rule 14.31(1) of the Rules must still deliver a proof if the creditor wishes to vote. A creditor who has opted out from receiving notices may nevertheless vote if the creditor also provides a proof by the time set out above. Creditors who meet one or more of the statutory thresholds listed below may, up until the date of the virtual meeting, request a physical meeting to be held, to consider the matters detailed above.

Statutory thresholds to request a meeting: 10% in value of the creditors; 10% in number of the creditors; 10 creditors. If the threshold is met, the decision procedure will terminate without a virtual meeting being held and a physical meeting shall be convened. Creditors who have taken all steps necessary to attend the virtual meeting under the arrangements 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 4.00pm 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 15.37, the day on which the complainant received the indication. A creditor may appeal a decision by application to the court in accordance with Rule 15.35 of the Rules. Any such appeal must be made not later than 21 days after the Decision Date.

Arron Paul Skelly, Director and Convener

30 September 2022

Ag VH70261