Dividends to creditors

Listed below is information regarding dividends declared to creditors:

Twelfth Dividend

Cancellation of Twelfth Dividend

A copy of the letter confirming the cancellation can be found here.

Notice of Intention of a Twelfth Dividend

Based on current information, the Administrators are of the view that there are sufficient realisations to allow a twelfth interim distribution to be made to unsecured creditors. The Administrators issued a Notice of Intended Dividend to all known creditors who have not yet proved their debt stating a last date for proving of 18 October 2020. A  twelfth dividend will be paid within 2 months of that date to creditors with agreed claims. A copy of the Notice is available here.

Eleventh Dividend

Notice of Declaration of an Eleventh Dividend

Pursuant to Rule 14.35 of the Insolvency Rules 2016, on 27 January 2020 the Joint Administrators declared an eleventh interim dividend of 2.60 pence in the pound which will be paid on or around 31 January 2020 to all unsecured creditors whose claims have been admitted for dividend purposes. A copy of the Administrators' notice to all creditors who proved their debt can be found here.

Notice of Intention of an Eleventh Dividend

Based on current information, the Administrators are of the view that there are sufficient realisations to allow an eleventh interim distribution to be made to unsecured creditors. The Administrators issued a Notice of Intended Dividend to all known creditors who have not yet proved their debt stating a last date for proving of 20 January 2020. An eleventh dividend will be paid within 2 months of that date to creditors with agreed claims. A copy of the Notice is available here.

Tenth dividend

Notice of Declaration of a Tenth dividend

Pursuant to Rule 14.35 of the Insolvency Rules 2016, on 10 September 2019 the Joint Administrators declared a tenth interim dividend of 1.55 pence in the pound which was paid on or around 10 September 2019 to all unsecured creditors whose claims have been admitted for dividend purposes. A copy of the Administrators' notice to all creditors who proved their debt can be found here.

Notice of Intention of a Tenth Dividend

Based on current information, the Administrators are of the view that there are sufficient realisations to allow a tenth interim distribution to be made to unsecured creditors. The Administrators issued a Notice of Intended Dividend to all known creditors who have not yet proved their debt stating a last date for proving of 7 August 2019. A tenth dividend will be paid within 2 months of that date to creditors with agreed claims. A copy of the Notice is available here.

Cancellation of Tenth Dividend

A copy of the letter confirming the cancellation can be found here.

Notice of Intention to pay a Tenth Dividend

Pursuant to Rule 14.29 of the Insolvency Rules 2016, on 28 March 2019 the Joint Administrators gave notice of their intention to make a tenth dividend distribution to the preferential creditors (if any) and to the unsecured, non-preferential creditors. A copy of the notice can be found here.

Nineth Dividend

Notice of Declaration of a Ninth Dividend

Pursuant to Rule 14.35 of the Insolvency Rules 2016, on 11 January 2019 the Joint Administrators declared a ninth interim dividend of 2.58 pence in the pound which will be paid on 15 January 2019 to all unsecured creditors whose claims have been admitted for dividend purposes. A copy of the Administrators' notice to all creditors who proved their debt can be found here.

Notice of Intention to pay a Ninth Dividend

Pursuant to Rule 14.29 of the Insolvency Rules 2016, on 20 December 2018 the Joint Administrators gave notice of their intention to make a ninth dividend distribution to the preferential creditors (if any) and to the unsecured, non-preferential creditors. A copy of the notice can be found here

Eighth Dividend

Notice of Declaration of an Eighth Dividend

Pursuant to Rule 14.35 of the Insolvency Rules 2016, on 28 June 2018 the Joint Administrators declared an eighth interim dividend of 3.22 pence in the pound which will be paid on 1 August 2018 to all unsecured creditors whose claims have been admitted for dividend purposes. A copy of the Administrators' notice to all creditors who proved their debt can be found here.

Notice of Intention to pay an Eighth Dividend

Pursuant to Rule 14.29 of the Insolvency Rules 2016, on 28 June 2018 the Joint Administrators gave notice of their intention to make an eighth dividend distribution to the preferential creditors (if any) and to the unsecured, non-preferential creditors. A copy of the notice can be found here.

Seventh Dividend

Notice of Declaration of a Seventh Dividend

Pursuant to Rule 14.35 of the Insolvency Rules 2016, on 23 April 2018 the Joint Administrators declared a seventh interim dividend of 43.7 pence in the pound which will be paid on 24 April 2018 to all unsecured creditors whose claims have been admitted for dividend purposes. A copy of the Administrators' notice to all creditors who proved their debt can be found here.

Notice of Intention to pay a Seventh Dividend

Pursuant to Rule 14.29 of the Insolvency Rules 2016, on 12 March 2018 the Joint Administrators gave notice of their intention to make a seventh dividend distribution to the preferential creditors (if any) and to the unsecured, non-preferential creditors. A copy of the notice can be found here

Sixth Dividend

Notice of Declaration of a Sixth Dividend

Pursuant to Rule 2.98 of the Insolvency Rules 1986, on 20 February 2017 the Joint Administrators declared a sixth interim dividend of 1.35 pence in the pound which will be paid on 22 February 2017 to all unsecured creditors whose claims have been admitted for dividend purposes. A copy of the Administrators' notice to all creditors who proved their debt can be found here.

Notice of Intention to pay a Sixth Dividend

Pursuant to Rule 2.98 of the Insolvency Rules 2016, on 12 March 2018 the Joint Administrators gave notice of their intention to make a seventh dividend distribution to the preferential creditors (if any) and to the unsecured, non-preferential creditors. A copy of the notice can be found here

Fifth Dividend

Notice of Declaration of a Fifth Dividend

Pursuant to Rule 2.98 of the Insolvency Rules 1986, on 27 May 2016 the Joint Administrators declared a fifth interim dividend of 3.43 pence in the pound which will be paid on 7 June 2016 to all unsecured creditors whose claims have been admitted for dividend purposes. A copy of the Administrators' notice to all creditors who proved their debt can be found here.

Notice of Intention to pay a Fifth Dividend

Pursuant to Rule 2.95 of the Insolvency Rules 1986, on 10 March 2016 the Joint Administrators gave notice of their intention to make a fifth dividend distribution to the preferential creditors (if any) and to the unsecured, non-preferential creditors. A copy of the notice can be found here.

Fourth Dividend

Notice of Declaration of a Fourth Dividend

Pursuant to Rule 2.98 of the Insolvency Rules 1986, on 1 September 2015 the Joint Administrators declared a fourth interim dividend of 3 pence in the pound which will be paid on 2 September 2015 to all unsecured creditors whose claims have been admitted for dividend purposes. A copy of the Administrators’ notice to all creditors who proved their debt can be found here.

Notice of Intention to pay a Fourth Dividend

Pursuant to Rule 2.95 of the Insolvency Rules 1986, on 5 August 2015 the Joint Administrators gave notice of their intention to make a fourth dividend distribution to the preferential creditors (if any) and to the unsecured, non-preferential creditors. A copy of the notice can be found here.

Third Dividend

Notice of Declaration of a Third Dividend

Pursuant to Rule 2.98 of the Insolvency Rules 1986, on 23 September 2014 the Joint Administrators declared a third interim dividend of 3.3 pence in the pound which will be paid on 23 September 2014 to all unsecured creditors whose claims have been admitted for dividend purposes. A copy of the Administrators’ notice to all creditors who proved their debt can be found here.

Notice of Intention to pay a Third Dividend

Pursuant to Rule 2.95 of the Insolvency Rules 1986, on 18 August 2014 the Joint Administrators gave notice of their intention to make a third dividend distribution to the preferential creditors (if any) and to the unsecured, non-preferential creditors. A copy of the notice can be found here.

Second Dividend

Notice of Declaration of a Second Dividend

Pursuant to Rule 2.98 of the Insolvency Rules 1986, on 12 May 2014 the Joint Administrators declared a second interim dividend of 4.7 pence in the pound which will be paid on 15 May 2014 to all unsecured creditors whose claims have been admitted for dividend purposes. A copy of the Administrators’ notice to all creditors who proved their debt can be found here.

Notice of Intention to pay a Second Dividend

Pursuant to Rule 2.95 of the Insolvency Rules 1986, on 4 April 2014 the Joint Administrators gave notice of their intention to make a second dividend distribution to the preferential creditors (if any) and to the unsecured, non-preferential creditors. A copy of the notice can be found here.

First Dividend

Notice of Declaration of a First Dividend

Pursuant to Rule 2.98 of the Insolvency Rules 1986, on 5 November 2013 the Joint Administrators declared a first interim dividend of 16.1 pence in the pound which will be paid on 14 November 2013 to all unsecured creditors whose claims have been admitted for dividend purposes. A copy of the Administrators’ notice to all creditors who proved their debt can be found here. A copy of the notice can be found here.

Notice of Intention to pay a First Dividend

Pursuant to Rule 2.95 of the Insolvency Rules 1986, on 1 August 2013 the Joint Administrators gave notice of their intention to make a first dividend distribution to the preferential creditors (if any) and to the unsecured, non-preferential creditors. A copy of the notice can be found here.

Contacts

Alison Campbell Grant, David James Kelly, Dan Yoram Schwarzmann, Edward John Macnamara and Gillian Eleanor Bruce are licensed in the United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales.  The Joint Administrators are bound by the Insolvency Code of Ethics which can be found at: https://www.gov.uk/government/publications/insolvency-practitioner-code-of-ethics

The Joint Administrators may act as controllers of personal data, as defined by the UK data protection law, depending upon the specific processing activities undertaken. PricewaterhouseCoopers LLP may act as a processor on the instructions of the Joint Administrators. Personal data will be kept secure and processed only for matters relating to the Joint Administrators' appointment. Further details are available in the privacy statement on the  PwC.co.uk  website or by contacting the Joint Administrators. 

Mable Commercial Funding Limited is registered in England and Wales with registered no. 02682316. 

VAT registration no. 446 9315 28 

The Administrators are bound by the Insolvency Code of Ethics which can be found here.

Contact us

Alison Grant

Alison Grant

Director, PwC United Kingdom

Tel: +44 (0)20 7804 7933

David Kelly

David Kelly

Restructuring and Insolvency Partner, UK Head of Insolvency, PwC United Kingdom

Tel: +44 (0)7974 332659

Dan Schwarzmann

Dan Schwarzmann

Head of Market Initiatives and Non-Executive Director Programme Chair, PwC United Kingdom

Tel: +44 (0)7778 211066

Ed  Macnamara

Ed Macnamara

Partner, Head of Restructuring, PwC United Kingdom

Tel: +44 (0)7739 873104

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