From the administrators' statement

The Joint Administrators will place the company into Liquidation if it transpires during the course of their investigations that there are matters or causes of action that can only be undertaken by a Liquidator

lf the Joint Administrators believe that the company has sufficient property which might permit only a distribution to its secured creditors they will send notice to that effect, in accordance with paragraph 84 of the Act and the Joint Administrators’ appointment shall cease to have effect, and that the Joint Administrators be released at that time The effect of this is that the company would eventually be dissolved without any formal liquidation

If the Joint Administrators believe that there may eventually be a distribution to the unsecured creditors of the company The Joint Administrators would therefore propose to file a notice under paragraph 83 of the Act to move the company from Administration to Creditor’s Voluntary Liquidation as soon as is reasonably practicable

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Search a company to fetch every set of accounts it has filed at Companies House, from incorporation to the latest filing. Tagged (iXBRL) accounts are read directly. Older scanned PDF accounts are read with OCR (optical character recognition).

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DHPD Limited (06558734)

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