On 4 May 2021 KPMG LLP sold its UK Restructuring business to Interpath Ltd (trading as Interpath Advisory), a newly-formed company which is backed by H.I.G. Europe, the European affiliate of H.I.G. Capital, LLC. The office holders mentioned below have transferred from KPMG to Interpath Advisory and remain in office. Further details of the sale are available on the KPMG website here.

Sutton Bridge Power Generation – under a Voluntary Arrangement

David Pike and Jim Tucker were appointed Joint Supervisors of Sutton Bridge Power Generation – under a Voluntary Arrangement (the ‘Company’) on 24 December 2020.

The voluntary arrangement has come to an end.

Notice to creditors of change of termination date

Paragraph 10.11 of Part 1 of the CVA Proposal stated that the CVA will continue until the Supervisors have completed the implementation of the CVA in accordance with the terms set out in Part 3 and that the CVA will be fully implemented on the later of (a) payment of the Dividend and (b) settlement of any outstanding administration expenses.

We are pleased to confirm that the payment of the dividend has been completed and all compromised creditors that submitted a claim should have received their dividend.  However, the settlement of outstanding administration expenses is yet to be finalised and we may therefore not be in a position to terminate the CVA as at 31 December 2021.  We provide notice of the possibility that formal closure may not be complete by the end of December.

We anticipate that we will be in a position to send a Notice of Completion to the CVA creditors by the end of January 2022.  If we are able to close out all matters earlier than this date, then we will do so and will send the Notice of Completion as soon as we are in a position to do so.

Statutory notices and reports

Proposal document 
Chairman’s report 
Letter to Creditors enclosing annual and final report 
Final Report 

David John Pike and James Robert Tucker are authorised to act as insolvency practitioners by the Institute of Chartered Accountants in England & Wales.

We are bound by the Insolvency Code of Ethics.

The Officeholders may be Data Controllers of personal data as defined by the Data Protection Act 2018. Personal data will be kept secure and processed only for matters relating to the appointment. For further information, please see our Privacy Policy.

Contact us

Rinku Maria Jacob
Case contact
Tel +44 (0) 121 817 8631
Fax +44 (0) 121 817 8610

Deborah Bain
Case Manager

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