Insolvency Notices

Company

VARDEN ENGINEERING LIMITED

Notice Type
Meetings of Creditors
Publication date
11/08/2017
Edition
The London Gazette
Notice ID
2844221
Notice Code
2442

VARDEN ENGINEERING LIMITED

(Company Number 03040899)

Registered office: 1380 Ashton Old Road, Openshaw, Manchester, M11 1JU

Principal trading address: 1380 Ashton Old Road, Openshaw, Manchester, M11 1JU

This Notice is given under Rule 6.14 and 15.8 of the Insolvency (England & Wales) Rules 2016 ("the Rules").

It is delivered by Mr Derek Varden, Director of the Company, c/o Beesley Corporate Solutions, Astute House, Wilmslow Road, Handforth, Cheshire, SK9 3HP (telephone number 01625 544 795)

The prescribed proportion of creditors have requested a physical meeting of the company and therefore the virtual meeting procedure has been superseded.

It is proposed that the following decisions be made:

1. For the appointment of Mark Beesley (IP 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 Varden Engineering 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) of ÂŁ862.80 inclusive of VAT in respect of preparing the Statement of Affairs and convening the Virtual Meetings of Members and Creditors.

In this regard the Company has paid ÂŁ2,000.00 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 ÂŁ37,396.00 plus VAT; and disbursements (to include category 2 disbursements), estimated at ÂŁ9,114.28 inclusive of VAT; 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 03 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.

A resolution to wind up the company is to be considered by shareholders at 10.00 am on 18 August 2017 The proposed Liquidators who are qualified to act as Insolvency Practitioners are:

Names of proposed Liquidators: Mark Beesley and Tracy Mary Clowry Address of proposed Liquidators:Astute House, Wilmslow Road, Handforth, Cheshire, SK9 3HP, IP Numbers 8739 & 9562 Email Address donna@beesley.co.uk, Telephone Number 01625 544 795

The proposed Liquidators 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 also confirms that no material transactions have occurred since the Statement of Affairs was verified on 10 August 2017.

The physical meeting will be held as follows:

Time: 10:30am

Date: Friday, 18 August 2017

Venue: Beesley Corporate Solutions, Astute House, Wilmslow Road, Handforth, Cheshire, SK9 3HP

The convener has discretion to permit a creditor to attend a physical meeting remotely if the convener receives a request to do so in advance of the meeting. To enable suitable arrangements to be made, creditors are asked to submit any such requests by 9am on the business day before the meeting.

The 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 above noted address or by email 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).

Proxy forms submitted for the superseded virtual meetings convened for 11 August 2017, will remain valid for the physical meeting convened for 18 August 2017, unless withdrawn or replaced.

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: Beesley Corporate Solutions, Astute House, Wilmslow Road, Handforth, Cheshire, SK9 3HP

By fax to: 01625 531 263

By email to: donna@beesley.co.uk

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. Unless the contrary is shown, 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: 4pm on 17 August 2017

All proxy forms must be delivered to the convener or chair before they may be used at the meeting fixed for 10:30 am on Friday, 18 August 2017.

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 have taken all steps necessary to attend the physical meeting remotely 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 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 15.37, 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.

Derek Francis Varden , Director and Convener

11 August 2017