Plinth chairs go into Administration

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Plinth chairs go into Administration

Chris Pearson
Plinth chairs go into Administration :

https://www.thegazette.co.uk/notice/3612473
www.healthtec.co.uk
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Re: Plinth chairs go into Administration

DrewB
Please see response below from Plinth Medical.  


Good Morning,

Please note that Plinth Medical and Plinth 2000 are two separate legal entities. Your contractual terms and day to day business relationship is with Plinth Medical. Plinth 2000 has always effectively been a subcontractor to Plinth Medical. We have continued to manufacture throughout the pandemic and are back to full production with a strong order book.  As such please rest assured that it is business as usual.

Kind regards,



Thomas

Thomas Briggs
Director – Sales & Marketing
 
Plinth Medical
Barric Lane
Occold
Eye
Suffolk
IP23 7PX
Drew Blackmore
Renal Tech
Guys and St Thomas NHS Foundation Trust
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Re: Plinth chairs go into Administration

Chris Pearson
This post was updated on .
That's an interesting statement Drew given that the 69 unsecured creditors of Plinth 2000 (i.e. the manufacturer) including HMRC who were owed £71,292 in VAT and £10,000 in Corporation Tax and £20,830 in PAYE and 17 former employees owed £152,416 giving a total of £540.943 owing to them were due to vote on accepting the offer of "29p in the £" and until that and other matters are resolved it is I would have thought still in the hands of Administrators as to the final outcome.
The next report from Rendle & Co isn't due until 6 months after their date of appointment on the 15th June 2020.
It's still showing on Companies House dated 2nd September as In Administration with an "estimated total deficiency" in its accounts of £383,902.39 and will be until the Administrators have concluded their "investigation" and their costs filed and The Insolvency Service have concluded any possible report of " any person considered to be a shadow or de facto Director in relation to the management of the affairs of the Company and the causes of failure " in relation to :
Statutory compliance issues
Misfeasance or breach of duty
Transactions at an undervalue and potential preferences.
So hardly " business as usual" for Plinth 2000 who actually make the chairs just yet I would have thought ?
www.healthtec.co.uk
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Re: Plinth chairs go into Administration

DrewB
Good Afternoon Chris,

I was just passing on the response from Plinth Medical. We contacted them for reassurance that it would not affect spares supply etc.

Drew
Drew Blackmore
Renal Tech
Guys and St Thomas NHS Foundation Trust
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Re: Plinth chairs go into Administration

Chris Pearson
This post was updated on .
Hi Drew,
I knew that,just wanted to clarify that it's maybe not quite as clear cut as Thomas Briggs (not listed as a Director at Companies House ) has made out and nothing will be completely finalised until it comes out of Administration then Liquidation and any possible subsequent HMRC or Insolvency Service investigations concluded.
I know because I've been there, twice.
www.healthtec.co.uk
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Re: Plinth chairs go into Administration- creditors meeting result

Chris Pearson
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Re: Plinth chairs go into Administration- creditors meeting result

Chris Pearson
Latest Progress Report update published on Companies House show that that they are still being managed by The Administrators and the substantive issues still outstanding are the amounts due to HMRC for outstanding amounts of VAT,PAYE of £102,122.66 and £438,820.24 owed to 69 Unsecured Creditors .

https://find-and-update.company-information.service.gov.uk/company/03949975/filing-history
www.healthtec.co.uk
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Re: Plinth chairs go into Administration- creditors meeting result

Chris Pearson

NOTICE OF DECISION BY CORRESPONDENCE
APPROVAL OF ADMINISTRATOR’S DISCHARGE BY CREDITORS

NOTICE IS HEREBY GIVEN by the Administrator to the creditors of Plinth 2000 Limited that a decision procedure will be held by correspondence in accordance with Rules 15.3 and 15.13 of The Insolvency (England and Wales) Rules 2016 (as amended) and Paragraph 98 schedule B1 of the Insolvency Act 1986 (as amended).

The purpose of the decision procedure is to consider the following resolutions:

1. The Administrator be granted his discharge from liability with effect from 14 days after the date specified pursuant to Paragraph 83(6)(a).

2. For the appointment of a Committee if the creditors so wish and sufficient nominations for membership of the Committee are received.

The decision date has been set for:

Date: 18 May 2021 – The Decision Date

Time: 23:59

https://www.thegazette.co.uk/notice/3792175/
www.healthtec.co.uk
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Re: Plinth chairs go into Administration- creditors meeting result

Chris Pearson
Liquidators now appointed to Wind up Company

https://www.thegazette.co.uk/notice/3827534/
www.healthtec.co.uk