From the administrators' statement

Creditors should note that, unless otherwise stated, this section of the proposals has been prepared based on information provided on behalf of the Company and not from our personal knowledge as Joint

Administrators. Butcher Woods was approached by Raymond & Carole Atherton (“the Applicants”) on 16 October 2023 on the advice of their accountants Crowther Jordan, following the death of Raymond's brother Ronaid Atherton. Ronald Atherton was the sole director and shareholder of the Company.

The Company was and remains balance sheet solvent, however due to the death of Ronald it was left without a living director or shareholder. The Company's Articles of Association did not provide for dealing with the death of the sole director/shareholder.

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Abbotsfield Metals Limited (03026015)

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