From the administrators' statement

Due to the Company's inability to pay its debts in full and on time and due to increasing creditor pressure the Director sought advice from the Company's accountants, KJA Group, who in turn approached my firm with a view to assisting the Company in proposing a Company Voluntary Arrangement (“CVA”) to its creditors.

| can confirm that | was formally instructed to assist with the preparation of the CVA proposais and that a payment of £10,000 was paid to my firm in respect of professional fees in assisting with the preparation of the Company Voluntary Arrangement Proposals.

However, following my instruction it came to light that a winding up petition had been issued against the Company by Spotcap UK Limited which had been presented to the court on 25 September 2019.

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Phoenix Strapping Tool Repairs Limited (07254430)

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