Suppliers

Should I continue to supply goods and services to the business?

The Purchaser will be continuing to trade and will be responsible for all future liabilities incurred. 

The Company in administration is not continuing to trade, however for a short period of time, we will facilitate future trading by the Purchaser under Transitional Agreements as part of the Sale and Purchase Agreement (“SPA”)

Am I required to continue providing service or supplies?

The Administrators may request that you continue to supply goods and services to the Company during the administration and will provide assurance that these goods and services will be paid for. 

I am owed money. What notification will I receive?

The Administrators will issue a letter to all known creditors of the Company within 7 days of the Administrators’ appointment. This letter will include details for creditors on how to make a claim in the administration. The Administrators’ will also publish their proposals for achieving the purpose of administration to all known members and creditors via this case website within 7 days of the administration appointment. This report will outline steps taken by the Administrators since their appointment, detailed information on the sale of the Company’s business and assets, and details of the Administrators’ proposed strategy for the administration going forwards, including estimated returns for the various classes of creditor.

The Administrators are also required to provide a written update on the administration to all known creditors every six months. This report will be published directly to the case website within one month of every six month anniversary

I have goods on site. Can I get them back?

If you believe you have a Retention of Title claim over goods that you have supplied to the Company please complete a retention of title questionnaire and return it to us via email at uk_smiffys_creditors@pwc.com. Our appointment means that you can’t start or continue legal action, enforce security or repossess any goods held by the Company unless we agree or the court allows it.

When will I get paid?

Payment for goods and services provided prior to the date of appointment will not be paid for as an expense of the administration estate. 

All outstanding amounts at the date of the Administrators’ appointment rank as an unsecured claim in the administration. You can submit a claim into the estate for the amount you were owed prior to their appointment. The initial letter all known creditors will receive will contain details on how to do this. If there are funds available, you may receive a dividend payment in due course. However, the administration process is complex and it takes time to assess the company’ position and provide an estimate of the value or timing for reviewing claims and making a distribution. The Administrators will include an update of dividend prospects and, if possible, a timeframe in their proposals and reports.  Please complete and return a claim form that will be sent to you to register your claim. If your claim includes VAT, you may be able to obtain VAT bad debt relief six months after your supply.

Will you refund the costs incurred in preparing a claim? 

We are unable to refund the costs in preparing a claim. Consequently, we cannot refund any expenses incurred in obtaining information necessary to make a claim.

For all other supplier queries, please email: uk_smiffys_creditors@pwc.com