In the High Court of Justice (Chancery Division)

Leeds District Registry No 410 of 2011

Take notice that by an Application made by Kate Elizabeth Breese of Walsh Taylor Business & Corporate Recovery Specialists Limited, Unit B, Shipley Wharf, Wharf Street, Shipley, BD17 7DW an Order was made on 28 March 2011 that Timothy Calverley be removed as office holder in respect of the cases listed below and Kate Elizabeth Breese was appointed as office holder in his place.

The Order provides that:

• 1 In respect of those, Administrations, Bankruptcies, Company Voluntary Arrangements (CVA), Individual Voluntary Arrangements (IVA), Partnership Voluntary Arrangements (PVA), Creditors Voluntary Liquidations and Compulsory Liquidations listed in the Schedule to this Application which are the subject of proceedings in County Courts, those proceedings be transferred to the High Court solely for the purpose of this Application and thereafter transferred back to the relevant County Court.
• 2 Timothy Calverley be removed from office as Administrator, Trustee, Supervisor and Liquidator (as the case may be) of the estates listed in the Schedule with immediate effect.
• 3 Timothy Calverley be replaced by the Applicant, as set out in the Schedule, in each such case with immediate effect.
• 4 Timothy Calverley shall be granted his release as appropriate 21 days after the publication in the Gazette referred to below.
• 5 The Applicant be entitled to publish in the Gazette one composite notice relating to all new appointments which are required by law to be published in the Gazette within 14 days of receipt of the sealed Order and shall file any appropriate notices in respect of Timothy Calverley’s removal and replacement and those appointments with the Registrar of Companies and the Secretary of State for Business Innovation and Skills (Insolvency Service) as appropriate.
• 6 Subject to paragraph 7 below, in the event that, as a result of the implementation of the Order Walsh Taylor incurs any additional cost in respect of the administration of those estates where Timothy Calverley was the Office Holder (that is to say over and above those costs incurred in the ordinary course of the administration of those estates), those costs shall be borne by Walsh Taylor and shall not be charged as an expense of the administration of those estates.
• 7 Nothing contained in paragraph 6 shall prejudice the Applicant or the Respondents from:

7.1 Charging to each individual estate the cost of obtaining an Insolvency Practitioners licence bond in respect of that estate; and

7.2 Apportioning between said estates equally the cost of the composite Gazette notice to be placed under paragraph 5 above.

• 8 Without incurring any additional expense to any of the said estates, the Applicant or the relevant Respondent shall notify each creditor or member (as the case may be) of this Application and any Order made as a result of this Application, by way of notice in the next routine report that shall be due to the creditors of each estate (as the case may be), such notice to contain the following matters:

8.1 An explanation of the effect of the Order;

8.2 Express reference to the liberty to apply contained in paragraph 9 below;

8.3 In the case of the Administrations, the provision of all such information as might reasonably be required with regard to the conduct of the Administration;

8.4 In the case of bankruptcy, notification to each creditor of his right under Rule 25 of the Insolvency Regulations 1994 to require the appointed Applicant to supply a statement of receipts and payments free of charge;

8.5 In the case of IVAs, CVAs and PVAs the provision of all such information as might reasonably be required with regard to the conduct of the Voluntary Arrangement;

8.6 In the case of Liquidations, where Liquidation Committees have been appointed, an explanation that (to the extent that any information which would otherwise be required to be provided under Insolvency Rule 4.108(3) has not already been provided as part of this report) it is open to that committee to require the Applicant or the relevant Respondents appointed to provide an account of the administration of the estate, including:

8.6.1 A summary of receipts and payments;

8.6.2 A statement that he has reconciled his accounts.

8.7 In the case of Liquidations under the Insolvency Act 1986 where no Liquidation Committees have been appointed, an explanation that, to the extent that such information has not already been provided as part of the report, it is open to any creditor to apply to court for an order that the Applicant or relevant Respondent appointed do provide such information as might otherwise be required by Rule 4.108(3) that is to say, an account of the administration of the estate, including:

8.7.1 A summary of receipts and payments;

8.7.2 A statement that he has reconciled his accounts.

8.8 Notification that if any Applicant or Respondent appointed has been required to provide the information referred to in (8.6) and (8.7) above, whether by the Liquidation Committee or by court order on the application of any individual creditors, the appointed Applicant’s or Respondent’s costs of so complying will, unless there are good reasons to the contrary, be paid as an expense of the winding up; and

8.9 In the case of Liquidations, notification to each creditor and member of his right under Rule 11(2) (voluntary winding up) to require the appointed Applicant to supply a statement of receipts and payments free of charge.

• 9 Liberty to each creditor of each estate to apply to vary or discharge this order within 21 days of the receipt of the notice directed to be sent under paragraph 8 above.
• 10 The cost of this application (including VAT) be aggregated and apportioned equally between each of the estates listed in the Schedule to be drawn as disbursements where sufficient funds are available.
• 11 Service of the Notice of the Application be dispensed with.