Michael John Design Limited (01628247): administration
- Status
- Administration ended
- Administration began
- 2014-09-12
- Formerly
- Pacific Objective Displays Limited; Prelude Litho Limited; M.J.C. Print Consultants Limited; Hi-Lite Proofing Limited
- Incorporated
- 1982-04-13
- Location
- London
- Industry
- 32990 Other manufacturing n.e.c.
From the administrators' statement
The company instructed independent valuation agents, Southern Counties Valuers ("SCV"), who are specialists in insolvency and estate valuations, to undertake a valuation of all of the assets of the company, including goodwill and work in progress The valuation was undertaken on 22 August 2014
tn order to preserve the integrity of the goodwill, work in progress and debtor position and to maximize the realisations in respect of the company, Michael John Design UK Limited ("the Purchaser’) made an offer to the company of £59,500 for some of the assets, the work in progress and goodwill to be paid by deferred consideration with £5,000 payable on completion and the balance by equal monthly instalments of £5,000 over 10 months and the last final payment of £4,500 on the 11 month
The company instructed SCV to review the offer to ensure that tt was fair and reasonable having consideration to the open market value SCV confirmed that the
Administrators' statement of proposals (2015-01-20) · Companies House register