From the administrators' statement

Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the director of the Company and not from my personal knowledge as Administrator. Whilst we have had various meetings in my offices and on site and some information has been provided to me. | am yet to receive a significant proportion of the information | have requested.

The Company was incorporated to hold personal investments for the director, Francis Menassa. As a Holding Company, the assets are connected Companies and associated inter-company liabilities.

According to the director, the various subsidiary businesses and investments progressed well until Brexit and start of COVID.

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JAR Financial Management Limited (09019750)

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