David Costley-Wood and Paul Flint were appointed Joint Administrators of SAL Abrasive Technologies Group Limited – in Administration (the ‘Company’) on 4 November 2016.
The administration has come to an end. For further information, including the exit route from the administration, please refer to the final progress report.
Shortly after their appointment, the Joint Administrators completed a sale of the business and assets of the Company to an unconnected trade purchaser, Lloyd & Jones Engineers Limited t/a SAL Abrasives. This transaction is discussed further within the Joint Administrator's SIP 16 memorandum, which is available to view and download from this website.
The Joint Administrators have issued their proposals for the administration, which may be viewed and downloaded from this website. Should any creditor wish to have a paper-copy of the proposals mailed out to them, please do not hesitate to contact Leanza O'Gara.
A meeting of creditors was held by correspondence on 7 December 2016, in order to consider the Joint Administrators proposals and other resolutions contained within Form 2.25B. The Joint Administrators proposals were accepted by the creditors of the Company through this meeting, and the result of all resolutions considered at this meeting is confirmed within Form 2.23B, which is available to view and download from this website.
The Joint Administrators are next due to report to all creditors within their first Progress Report, following the six month anniversay of their appointment. Should creditors have any queries in the meantime however, they may contact Leanza O'Gara on 0161 246 4799.