From the administrators' statement

Please refer to the Background Information (Section 2) of the Joint Administrators’ report to creditors in accordance with the Statement of Insolvency Practice 16 (which is attached at Appendix 4).

The Company has not entered into a moratorium within the 2 years ending with the date of Administration.

The Director of the Company was introduced to Armstrong Watson LLP by Richard Oddy of Azets UK, who were the Company’s accountants.

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Palmer Barnes Limited (08051761)

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