FAQ’s for creditors' meeting

• Is there going to be a meeting of creditors?
• I’m a creditor, but I haven’t received any correspondence from the Administrators?
• The amount I’m owed is more than what’s showing on the Statement of Affairs
• What do I need to do to claim the amount I’m owed?
• What evidence should I provide to support my claim?
• What else do I need to tell you about?
• I’ve submitted my claim – what happens now?
• I haven’t received an acknowledgement of my claim?
• How often can I expect to hear from the Administrators?
• I would like to claim retention of title on goods supplied to the Companies before the administration.
• I want to collect goods I supplied to the Group prior to the administration.

Is there going to be a meeting of creditors? 

Yes. Creditors’ meetings are to be held on Monday 14 July 2014 at the Thistle Bristol City Centre, The Grand, Broad Street, Bristol, BS1 2EL at the following times:

• McArthur Group Limited - 11.00
• Oaktree Packaging Company Limited – 12.30
• McArthur Cyclone Limited – 13.00

All known creditors have been sent notice of the creditors’ meeting together with proxy forms and relevant instructions for voting for each respective company. These notices and relevant documents are attached to the proposals which are available to download from this website and creditors have been notified of the password required in the latest correspondence from the Administrators. Insolvency arises when individuals or businesses have insufficient assets to cover their debts, or are unable to pay their debts when they are supposed to.

I’m a creditor, but I haven’t received any correspondence from the Administrators? 

Please contact either the creditor helpline on 0113 289 4929 or write to Lee Panther, at PricewaterhouseCoopers LLP, Benson House, 33 Wellington Street, Leeds, LS1 4JP.

The amount I’m owed is more than what’s showing on the Statement of Affairs. 

At this stage we are unable to investigate any discrepancies. However, from past experience these usually arise because final invoices have not been accounted for. You should submit your claim based on the actual debt which is outstanding. Once we are nearer to being in a position to pay a dividend to creditors, then your claim will be assessed on the information you have provided to support your claim.

What do I need to do to claim the amount I’m owed? 

Fill in a proof of debt form (available to download from this website) and send it, together with full supporting evidence of the debt due, to Lee Panther at the Leeds address above.

You must ensure that you complete the correct claim form for the relevant company (i.e. McArthur Group Limited, McArthur Cyclone Limited or Oaktree Packaging Company Limited).

Details of the anticipated level of dividends based on current information for each company are included in the Administrators’ proposals which are attached to this website.

What evidence should I provide to support my claim? 

In most cases one or more of the following will be sufficient: invoices, statements, purchase orders, signed contracts, signed agreements. The more evidence you can provide at an early date, the easier and more cost effective the claims agreement process will be in due course.

What else do I need to tell you about? 

Whether you have recovered any of the debt due to you under a retention of title claim, or by any other means, as this will reduce the amount owed to you and must be deducted from your claim.

Any change of address to ensure that you receive all correspondence from us.

Any change of name to ensure that any future dividend payment will be paid to the correct person/company. (NB: documentary evidence of the change will be required).

Please note that a change in your details will need to be notified to us in writing for security purposes.

I’ve submitted my claim – what happens now? 

Your claim will be held on file until such a time as we decide that there are sufficient funds available to pay a dividend to unsecured creditors, at which point the claims agreement process will be started. We will not know this for some time, and updates will be provided as to the position in the Administrators’ six-monthly progress reports to creditors (see below “How often can I expect to hear from the Administrators”).

I haven’t received an acknowledgement of my claim? 

We do not routinely acknowledge receipt of claims as it is not cost effective to do so. Saving costs in this way maximises any return to creditors.

How often can I expect to hear from the Administrators? 

Under UK insolvency legislation, the Administrators must report to creditors on the progress of the administration within one month of every six month period from the date of appointment. In the interests of keeping costs to a minimum and to maximise the return to creditors, we do not routinely answer ad hoc queries for updates outside the statutory reporting process.

I would like to claim retention of title on goods supplied to the Companies before the administration. 

MGL Distribution Limited is dealing with any retention of title claims in the first instance. If you believe you have a retention of claim, please contact Martin Elgood or Jordon Tippett at mgldistributionltd@gmail.com or on 0117 943 0526.

Before your claim can be reviewed, you will need to completed and return a questionnaire, which will be provided by MGL Distribution Limited, together with supporting documentation. You will also need to arrange to identify and count your goods at the relevant branches.

I want to collect goods I supplied to the Group prior to the administration. 

You are unable to collect goods you supplied prior to the administration without proving you have a valid retention of title. Please contact MGL Distribution Limited in this regard, as set out in the above question ‘I would like to claim retention of title on goods supplied to the Companies before the administration’.