DPS Process Solutions Limited (09254158): administration
- Status
- Administration ended
- Administration began
- 2018-03-16
- Administrators
- Matthew Richards, Alistair Gareth Wardell
- Administrators' firm
- Grant Thornton
- Incorporated
- 2014-10-08
- Location
- Portishead
- Industry
- 32990 Other manufacturing n.e.c.
Why it went into administration
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Property / lease costs
- HMRC / tax arrears
From the administrators' statement
017. pdf. Altematively, we will supply this information by post on request free of charge.
The basis of the administrators' remuneration is to be fixed by the creditors. If a creditors committee is appointed, then this is a matter for the committee. If no committee is appointed, then as we are of the opinion that the Companies has insufficient property to enable any distribution to be made to unsecured creditors other than by virtue of section 176A of the Insolvency Act 1986, approval will be obtained from the secured and preferential creditors.
If sufficient assets are realised a dividend will be payable to the creditors in the statutory order of priority.
Administrators' statement of proposals (2018-05-21) · Companies House register