Notice of Joint Administrators’ appointment
Points to highlight
A copy of the Administrators’ Proposals, Creditor’s request for a meeting Forms 2.21B are attached. The Administrators are not required to call a creditors meeting if the Company have insufficient funds to make a distribution to the unsecured creditors, unless 10% of the value of the Company’s unsecured creditors request it.
There will be no funds available to make a distribution to the unsecured creditors of the Company including under the Prescribed Part, therefore creditors meetings will not be convened.
Should unsecured creditors of the Company, whose total debts amount to at least 10% of the total debts of the Company, wish to request that a meeting be held they should complete the attached form 2.21B and return it to the Administrators within 8 business days of the date of the proposals. In the absence of a meeting being called, the attached proposals will be deemed to have been accepted.
Should you require these documents to be provided in hard copy format please telephone/email as indicated above to obtain copies without any charge to yourselves.
Matthew James Cowlishaw, Dominic Lee Zoong Wong and David Langton were appointed Joint Administrators of Barteak Developments Limited , Barteak Developments (Coventry) Limited, Barteak Developments (Halesowen) Limited and Barteak Developments (Mayfields) Limited on 18 July 2012. The affairs, business and property of the Companies are managed by the Joint Administrators. The Joint Administrators act as agents of the Companies and contract without personal liability.