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Bisney Realisations Limited (08806631): administration

Status
Administration ended
Administration began
2020-03-09
Administrators
William Matthew Humphries Tait, Mark James Shaw
Administrators' firm
BDO
Formerly
Neyber Limited; Cooperativa Ltd
Incorporated
2013-12-09
Location
Liverpool
Industry
82990 Other business support service activities n.e.c.

From the administrators' statement

The events leading up to the appointment of the Joint Administrators were set out in full in the initial notification issued to creditors on 13 March 2020, a copy of which is included at Appendix 10 of this document (‘the SIP16 Letter’). We have therefore not repeated that information here.

However, in brief summary, on 9 March 2020, an application for appointment of Joint Administrators was made by the directors of the Company, pursuant to Paragraph 22 of Schedule B1 to the Act. On that same date, Mark Shaw and Matthew Tait were appointed Joint Administrators. Under the provisions of paragraph 100(2) of Schedule B1 to the Act, the Joint Administrators carry out their functions jointly and severally meaning any action can be done by one Joint Administrator or by both of them.

Immediately following the appointment of the Joint Administrators on 9 March 2020, the business and certain assets of the Company were sold to Salary Finance Limited of One Hammersmith Broadway, London, W6 9DL (the ‘Purchaser’). The consideration of £450,000 was paid in full on completion. Full details of the marketing process, subsequent sale of the business and assets of the Company and the realisations achieved are also set out in the SIP16 Letter at Appendix 10.

Administrators' statement of proposals (2020-05-13) · Companies House register

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Bisney Realisations Limited (08806631)

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