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 ?
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