Section 98 report
AVIATOR LGW LIMITED (COMPANY NUMBER 08840120) (“LGW”)
AVIATOR BHX LIMITED (COMPANY NUMBER 08840141) (“BHX”)
AVIATOR NCL LIMITED (COMPANY NUMBER 08840117) (“NCL”)
(COLLECTIVELY “THE COMPANIES”)
12 December 2016
Table of Contents
Section
Contents
1
Introduction
2
Schedule of Statutory Information
3
Extracts from Financial Statements
4
Directors' Statement of the Companies History and Reasons for Failure
5
Summary of Directors' Statement of Affairs
6
Schedule of Creditors
7
Estimated Deficiency Account
8
Liquidators’ Exercise of Power Since EGM
9
Resolutions
10
The Liquidators’ fee disclosure
11
Liquidators’ Receipts and Payments accounts
Glossary
Act
Insolvency Act 1986 (as
amended)
LGW
Aviator LGW Limited
AAS
Aviator Airport Services UK
Limited
Liquidators
Lisa Rickelton and Andrew
Johnson
AAAEAB
Aviator Airport Alliance Europe
AB
NCL
Aviator NCL Limited
BHX
Aviator BHX Limited
Rules
Insolvency Rules 1986 (as
amended)
Group
Aviator Airport Alliance Europe
AB and its subsidiaries
TUPE
Transfer of Undertakings
(Protection of Employment)
Regulations
Page 2
Section 1 - Introduction
As you are aware, Lisa Rickelton and Andrew Johnson (“the Liquidators”) were appointed as the
Companies' nominated liquidators (“the Liquidators”) by resolutions of the members of the Companies
on 1 December 2016, in accordance with section 84(1)(b) of the Insolvency Act 1986 (as amended)
(“the Act”).
On 28 November 2016, the Directors of the Companies’ resolved that, following the Liquidators’
appointment, the Liquidators should convene initial meetings of Companies’ creditors pursuant to
section 98 of the Act. The meetings were duly convened on 1 December 2016 to be held at FTI
Consulting LLP, 200 Aldersgate Street, London, EC1A 4HD on 12 December 2016 at:
Company
Company number
Time of meeting
Aviator LGW Limited (in liquidation) (“LGW”)
08840120
10:30
Aviator BHX Limited (in liquidation) (“BHX”)
08840141
11:00
Aviator NCL Limited (in liquidation) (“NCL”)
08840117
11:30
This report sets out the information provided to creditors at those meetings.
No payments have been made in respect of the arrangements for the creditors’ meeting. The
estimated amount of the costs incurred total £1,684, comprising c.£284 for statutory advertising (£79
plus VAT per company) and c.£1,400 of postage / printing costs incurred in contacting the Companies’
creditors. There were no costs associated with preparing the Directors’ Statement of Affairs.
Page 3
Section 2 - Schedule of Statutory Information
Company Name
Aviator LGW Limited (in Liquidation)
Registered Number:
08840120
Date of Incorporation:
10 January 2014
Registered Office:
Room 3037 Third Floor Balcony South Terminal, Gatwick Airport,
Gatwick, West Sussex, RH6 0NP
Previous Names (if any)
Date of Change
Previous Name
21 August 2014
Trading Address:
Directors
Gatwick Handling Newco
Limited
Room 3037 Third Floor Balcony South Terminal, Gatwick Airport,
Gatwick, West Sussex, RH6 0NP
Name
Appointed
Resigned
Jo Alex Tanem
26 April 2016
N/A
Andreas Vassilaros
15 May 2014
N/A
Birgitta Andersson
15 May 2014
28 November
2016
Thomas Hoehn
10 January 2014
15 May 2014
Johannes Spindler
10 January 2014
15 May 2014
Paul Synnott
15 May 2014
26 April 2016
Deborah Westlake
10 January 2014
31 August
2016
Company Secretary:
Cornhill Secretaries Limited
Authorised Share Capital:
£1 ordinary shares
Issued Share Capital:
Shareholder
Shares Held
Aviator Airport Services UK Ltd
1
Page 4
Company Name
Aviator BHX Limited (in Liquidation)
Registered Number:
08840141
Date of Incorporation:
10 January 2014
Registered Office:
Room 3037 Third Floor Balcony South Terminal, Gatwick Airport,
Gatwick, West Sussex, RH6 0NP
Previous Names (if any)
Date of Change
Previous Name
21 August 2014
Trading Address:
Directors
Birmingham Handling Newco
Limited
Birmingham International Airport, Birmingham, West Midlands, B26
3QJ
Name
Appointed
Resigned
Jo Alex Tanem
26 April 2016
N/A
Andreas Vassilaros
15 May 2014
N/A
Birgitta Andersson
15 May 2014
28 November
2016
Thomas Hoehn
10 January 2014
15 May 2014
Johannes Spindler
10 January 2014
15 May 2014
Paul Synnott
15 May 2014
26 April 2016
Deborah Westlake
10 January 2014
31 August
2016
Company Secretary:
Cornhill Secretaries Limited
Authorised Share Capital:
£1 ordinary shares
Issued Share Capital:
Shareholder
Shares Held
Aviator Airport Services UK Ltd
1
Page 5
Company Name
Aviator NCL Limited (in Liquidation)
Registered Number:
08840117
Date of Incorporation:
10 January 2014
Registered Office:
Room 3037 Third Floor Balcony, South Terminal, Gatwick Airport,
Gatwick, West Sussex, RH6 0NP
Previous Names (if any)
Date of Change
Previous Name
21 August 2014
Trading Address:
Directors
Newcastle Handling Newco
Limited
Newcastle International Airport, Woolsington, Newcastle Upon Tyne,
NE13 8BZ
Name
Appointed
Resigned
Jo Alex Tanem
26 April 2016
N/A
Andreas Vassilaros
15 May 2014
N/A
Birgitta Andersson
15 May 2014
28 November
2016
Thomas Hoehn
10 January 2014
15 May 2014
Johannes Spindler
10 January 2014
15 May 2014
Paul Synnott
15 May 2014
26 April 2016
Deborah Westlake
10 January 2014
31 August
2016
Company Secretary:
Cornhill Secretaries Limited
Authorised Share Capital:
£1 ordinary shares
Issued Share Capital:
Shareholder
Shares Held
Aviator Airport Services UK Ltd
1
Page 6
Section 3 – Extracts from Financial Statements
Aviator LGW Limited
£'000
Airport Equipment
Trade Debtors (note 1)
Intercompany Debtors
Other assets
Total Assets
Trade Creditors
Intercompany
Other Liabilities
Total Liabilities
Shareholder's deficit
Aviator NCL Limited
Oct -16
Dec-15
(Man. a/c's) (unaudited)
478
221
(2,294)
3,778
4,219
2,619
1,037
1,011
3,440
7,629
(3,339)
(2,836)
(1,041)
(1,080)
(2,794)
(3,377)
(7,174)
(7,293)
(3,734)
336
Dec-14
(audited)
690
2,088
1,030
297
4,106
(1,478)
(1,123)
(1,320)
(3,921)
185
£'000
Airport Equipment
Trade Debtors (note 1)
Intercompany Debtors
Other assets
Total Assets
Trade Creditors
Intercompany
Other Liabilities
Total Liabilities
Shareholder's deficit
Oct -16
Dec-15
Dec-14
(Man. a/c's) (unaudited) (audited)
244
324
432
684
332
304
0
272
347
283
85
141
1,211
1,013
1,224
(487)
(387)
(346)
(1,154)
(820)
(703)
(152)
(99)
(253)
(1,792)
(1,307)
(1,302)
(581)
(293)
(78)
Note 1. Trade debtors includes funding payments made under funding
agreement
Note 1. Trade debtors includes funding payments made under funding
agreement
Additional financial information
Additional financial information
£'000
Turnover
Net profit
Directors' remuneration
Dividends paid
Oct -16
Dec-15
(Man. a/c's) (unaudited)
42,093
22,837
(4,070)
151
n/a
-
Dec-14
(audited)
15,401
185
n/a
-
n/a
-
Oct -16
Dec-15
(Man. a/c's) (unaudited)
59
60
1,206
526
0
129
603
272
1,868
987
(968)
(697)
(2,350)
(1,458)
(388)
(347)
(3,706)
(2,502)
(1,838)
(1,515)
Dec-14
(audited)
62
500
0
158
720
(654)
(475)
(359)
(1,488)
(768)
£'000
Turnover
Net profit
Directors' remuneration
Dividends paid
Oct -16
Dec-15
Dec-14
(Man. a/c's) (unaudited) (audited)
7,076
3,494
2,585
(288)
(215)
(78)
n/a
-
n/a
-
n/a
-
Aviator BHX Limited
£'000
Airport Equipment
Trade Debtors (note 1)
Intercompany Debtors
Other assets
Total Assets
Trade Creditors
Intercompany
Other Liabilities
Total Liabilities
Shareholder's deficit
Note 1. Trade debtors includes funding payments made under funding
agreement
Additional financial information
£'000
Turnover
Net profit /(loss)
Directors' remuneration
Dividends paid
Oct -16
Dec-15
(Man. a/c's) (unaudited)
6,803
5,592
(323)
(747)
n/a
-
n/a
-
Dec-14
(audited)
2,467
(768)
n/a
-
The Companies’ last audited accounts were up to 31 December 2014. The date of the auditors’ report
was 22 December 2015.
We note significant revenue growth during 2016 following LGW’s acquisition of Swissport whilst growth
in BHX and NCL was achieved organically. LGW was marginally profitable during 2014 and 2015 but,
based on the management accounts, incurred material losses during 2016 as noted below. BHX and
NCL profit and loss accounts show those entities have been loss making for a number of years.
We note that the Companies’ principal liabilities relate to monies owed to other entities within the
Aviator Group.
Page 7
Section 4 - Directors’ Statement of Companies History and Reasons For Failure
Accentsix
Holding
LTD
Management
52%
48%
Aviator
Airport
Alliance
Europe AB
556822-8927
SEK
100%
Aviator
Airport
Services UK
LTD
8979599
GBP
15 trading /
non trading
entities
Aviator LGW
Ltd
100%
8840120
GBP
Aviator NCL
Ltd
08840117
GBP
100%
Aviator BHX
Ltd
08840141
GBP
100%
Entities placed into liquidation on 1 December 2016
A simplified group structure chart as at the date of the Liquidators’ appointment is shown above. The
pre appointment activity of each of the Companies is as follows:



Aviator LGW Limited: Trading company – Ground handling services at Gatwick Airport.
Aviator BHX Limited: Trading company – Ground handling services at Birmingham Airport.
Aviator NCL Limited: Trading company – Ground handling services at Newcastle Airport.
Aviator Airport Services Limited is a non-trading holding company and sole shareholder of LGW, BHX
and NCL.
Aviator Airport Alliance Europe AB (“AAAEAB”) is a holding company owned 52% by Accentsix Holding
Limited and 48% held by the Group’s management team.
The 15 non UK entities which are subsidiaries of AAAEAB provide ground handling services in
Manchester and across the Nordic countries.
The Companies’ have granted a security assignment to the Group’s principal lender over all rights and
interests under all customer contracts. No action was taken by the Group or the Group’s principal
lenders to perfect these assignments. Therefore it does not appear that this security is effective.
Page 8
Trading background
The Companies were part of a wider group of companies (“the Group”) providing ground handling
services at airports across the United Kingdom and the Nordics.
The UK ground handling services market conditions in recent years has been challenging, with
significant pricing pressures and low margins which resulted in only marginal profits generated by LGW
and losses in BHX and NCL during 2014 and 2015 The Companies problems were further
compounded by a lack of operational control and deficiencies in planning and administrative processes
materially impacting 2016 trading across LGW, BHX and NCL. Accordingly during Q1-16, the
Companies launched a comprehensive action programme to improve processes and operations with a
new UK management team being appointed.
Despite positive initial results from the action plan, financing discussions at a group level could not be
agreed, resulting in the Group’s principal lenders withdrawing their support of the Group’s UK
operations.
In response to this decision, on 17 September 2016, plans were developed to support a managed wind
down and exit the ground handling markets in London Gatwick, Birmingham, and Newcastle Airports,
in an effort to minimise losses to creditors and to avoid severe disruption to critical UK airport
infrastructure.
These plans included securing short term emergency funding from key stakeholders to ensure an
orderly exit with minimum disruption to the Companies’ customers, employees and those airports
affected by the planned exit. The alternative, given the inability to secure long term funding, would have
been an immediate and unplanned shut down, resulting in material disruption and financial loss to the
airports, airlines and passengers.
As part of the wind down plan, AAAEAB settled the Companies’ overdraft positions. Immediately prior
to this paydown, the overdraft positions were approximately LGW - £1.2m; BHX - £0.3m; and NCL £0.1m.
During the wind down period, the Companies transferred all service contracts to alternative providers
or ‘in-house’ to the airline customers. Through successful Transfer of Undertakings (Protection of
Employment) Regulations (“TUPE”) these transfers, preserved the jobs of c.1,300 out of a total
workforce across the Companies of c.1,400.
All service contract transfers were carried out for nil consideration with employees with a demonstrable
dedication to that airline being transferred to the new service providers under TUPE. The key transfers
were as follows:
Page 9
As noted above, emergency funding was obtained from key stakeholders. The objective of the short
term funding provided to the Companies was to provide the financial support required to maintain
continuity of the Companies’ ground-handling services with a view to achieving a managed handover of
these services to alternative providers on or before 30 November 2016.
Without the funding, the Companies would have likely entered into unplanned administration
processes. This would have resulted in the immediate cessation of trading, significant disruption to the
airlines and airports that the Companies served and a significant number of redundancies. In such a
scenario, the creditors’ claims against the Companies would have been materially increased by breach
of contract claims and employee claims.
On 28 November 2016 the directors of the Companies convened a board meeting where the chairman
noted that the orderly transition of the Companies' operations was substantially complete with the final
airline customers transitioning their operations on 30 November. As such, the funding objective (as
noted above) would be considered achieved on 30 November and the Companies would no longer be
trading. Accordingly, in light of this and the Companies’ financial position, the directors resolved that
the best course of action was to arrange for the Companies to be placed into creditors' voluntary
liquidation on 1 December 2016.
Page 10
Prior involvement of the proposed liquidators
As you are aware Andrew Johnson and Lisa Rickelton, both of FTI were appointed as the Companies'
nominated liquidators (“the Liquidators”) by resolutions of the members of the Companies on 1
December 2016, in accordance with section 84(1)(b) of the Insolvency Act 1986 (as amended) (“the
Act”).
FTI was engaged by Aviator Airport Services UK Limited and Aviator Airport Alliance AB (as guarantor)
on 19 September 2016 to advise and assist them in the orderly wind down of the UK operations.
Specific workstreams included:

review of the Group’s short-term funding requirements to develop and plan for a managed
wind-down, or alternative solution to maintain the UK operation;

provision of insolvency advice to the Board of Directors;

support in discussions and negotiations with key stakeholders;

support in respect of the communications strategy, including development of an appropriate
leak strategy; and

preparation of a contingency plan, in the event that it is not possible to secure further funding
to allow continuation of trading on a solvent basis.
The advisory work commenced on 19 September 2016 and continued until 30 November 2016. The
total professional fees incurred totaled £1.2 million (excluding VAT). All fees were paid by the
Companies prior to the appointment of the Liquidators. The Companies’ received funding from major
stakeholders for the costs of an orderly transition of services. This funding included provision for FTI
fees.
Under the ICAEW Code of Ethics for insolvency practitioners, a potential threat could be considered to
exist. This threat is described as a self-review threat which may occur when a previous judgement
made by an individual within the practice needs to be re-evaluated by the Insolvency practitioner.
The necessary safeguards that have been implemented to eliminate / reduce this threat to an
acceptable level, including; a separate lead insolvency practitioner undertaking the appointment; and,
in line with FTI’s internal ethics / risk procedures, consideration and approval from an independent risk
panel.
Page 11
CVL Written Resolutions
The below written resolutions of the Companies, proposed as special resolutions, were circulated to
the Companies’ members on 28 November 2016 and duly passed on 1 December 2016:
1. That the Company be wound up voluntarily under section 84(1)(b) of the Insolvency Act 1986.
2. That Lisa Jane Rickelton and Andrew James Johnson of FTI Consulting LLP whose offices are
at 200 Aldersgate Street, London EC1A 4HD be appointed as joint liquidators of the Company
for the purposes of the resolution detailed at resolution 1.
Page 12
Section 5 – Directors’ Statement of Affairs
Page 13
Section 6 – Schedule of creditors
Page 14
Aviator LGW Limited - creditor listing
Name of creditor
AFFINI CONNECTING TECHNOLOGY
AIG EUROPE LTD
AIRBORNE DATA SYSTEMS
AIRLINE SERVICES LTD
AIRLINKS (OFJ) AIRPORT SERVICES LTD
AIRPORT RETAIL ENTERPRISES
ALPHA LSG LTD
ANTHONY PARSONS-GORHAM - EXPENSES
AQUALICITY
ARCO
ARINC
AUTOMANIA GARAGE SERVICES
AVIATOR AIRPORT ALLIANCE EUROPE AB
AVIATOR AIRPORT SERVICES DENMARK A/S
AVIATOR AIRPORT SERVICES SWEDEN
BABCOCK CRITICAL SERVICES LTD
BENIFY UK LTD
BRIGGS EQUIPMENT UK LTD
CAFFE NERO
CAPITA RESOURCING
CAVIAR HOUSE & PRUNIER
CIVIL AVIATION AUTHORITY
COMPETITION & MARKETS AUTHORITY
CONTEGO SAFETY SOLUTIONS
COPTHORNE HOTEL
CORNHILL SECRETARIES LTD
COURTYARD MARRIOTT
COWFOLD MEDICAL GROUP
CREDIT SAFE UK
CRESTA WORLD TRAVEL
DAMAREL SYSTEMS INT LTD
DISCLOSURE SCOTLAND
DYNAMIC OFFICE SUPPLIES
EDEN SPRINGS
EDENBRIDGE MEDICAL PRACTICE
EE & T-MOBILE
ESP.CO.UK
FLIGHT DELAY SERVICES LTD
FLIGHTCARE MULTISERVICES
FMG Support (FIM) Ltd
FTI CONSULTING
G4S AVIATION SECURITY (UK) LTD
GATE GOURMET
GATWICK AIRPORT
GATWICK CARS LTD
GLOBAL BAGGAGE SOLUTIONS LTD
GREENHAM TRADING LTD
GROUNDCARE SOLUTIONS
HAYS RECRUITMENT
HI FLY TRANSPORTES AEREOS SA
HILTON LONDON GATWICK AIRPORT
HORSHAM + DISTRICT LAUNDRY LTD
HULTAFORS GROUP AB
INFORM GmbH
INTERIOR ENTERPRISES LTD
INVICTA TELEPHONE SALES LTD
JAMIE'S ITALIAN
KWINTET SVERIGE AB
LABELINE
LIMPIO OFFICE SOLUTIONS
LINEUP AVIATION
MERIDIANA FLY SPA
MICHAEL PAGE INTERNATIONAL LTD
MIDLAND HR
NANDO'S CHICKENLAND LTD
NEOPOST
NO.1 TRAVELLER (LGW) LTD
NORWEIGAN AIR
OCS GROUP UK LTD
ONE RESOURCING
PEAK VANTAGE
PREMIER WORK SUPPORT
PRICE WATERHOUSE COOPERS
REDUNA GROUP
REED BUSINESS INFORMATION LIMITED
ROCK NETWORKS Limited
RSP RAIL TRAVEL ACCOUNT (DD)
RYAN AIR
SAFETY KLEEN UK LTD
SAGE PARTS GSE LTD
SELECT SERVICE PARTNER
SELECTA (VENDEPAC)
SELSEY MEDICAL PRACTICE
SHOTFIELD MEDICAL PRACTICE
SITA
SOFITEL LONDON GATWICK
SWISSPORT LTD
TENSOR SYSTEMS LTD
THOMAS COOK AIRLINES
TNT INTERNATIONAL
TRAVEL SERVICE
TRAVEL WELFARE
TROY PERRY - EXPENSES
UNITED CARDS
VALASSIS LTD
VODAFONE
W & H COMMERCIALS
WAGAMAMAS
WESTFIELD HEALTH
Address
Field HouseUttoxeter Old Road,Derby,DE1 1NH
The Aig Building,58 Fenchurch Street,Crawley,RH10 1FY
SUNLEA HOUSE,London Victoria, SHARPTHORNE,WEST SUSSEX,RH19 4NX
Airline Services Limited, Canberra House,Md 21401-7465 Usa
CREDIT CONTROL DEPT, FLOOR 3,NAT/L EXPRESS HS,MILL LANE,BIRMINGHAM,B5 6DB
International House,24 Holborn Viaduct,190 46 Stockholm-Arlanda,Sweden
Building 319,World Cargo Centre,Manchester AirportManchester,M90 5EX
Expenses
UNIT 4C WOODLEY PARK ESTATE,READING,BERKShire,RG5 3AW
PO Box 21,Head Office,Waverley Street,Hull,HU12SJ
2551 RIVA ROAD,ANNAPOLLS,ANNAPOLIS,MD 21401 746
Steyning Way, Green Lane,Crosby Row,London,SE1 1YW
AVIATOR AIRPORT ALLIANCE EUROPE AB,BOX 118,190 46 STOCKHOLM-ARLANDA, SWEDEN
Copenhagen Airport,Vestvej 4,2770 Kastrup,Denmark
AVIATOR AIRPORT ALLIANCE EUROPE AB,BOX 118,190 46 STOCKHOLM-ARLANDA, SWEDEN
2Nd Floor 1000 Lakeside, North Harbour,MANOR PARK,RUNCORN,WA7 1TT
Benfiy Uk Limited, 5 Upper Montagu Street
PO Box 3777,Orbital 7,Orbital Way,Cannock,Staffordshire,WS11 8XW
3 NEAL STREET,LONDON,WC2H 9PU
107-123 King St,Maidenhead,SL6 1DP
BUILDING 253,ELY ROAD,MIDDLESEX,TW62 2EW
CAA House,45-59 Kingsway,London,WC2B 6TE
Competition And Markets Authority,Staffordshire,ST5 1HX
Malthouse Lane, West Sussex
Copthorne Effingham Park,West Park Road,West Sussex,RH10 3EU
CORNHILL SECRETARIES LIMITED, 8 Baden Place,PRESTON,PR5 8AS,
Courtyard by Marriot LGW, Buckingham Gate,RUBERY,BIRMINGHAM,B45 9PZ
St Peter's Close,Cowfold,West Sussex,RH13 8DN,
Creditsafe Business Solutions Limited, Bryn House,Crawley,RUNCORN,WA7 1TT
CRESTA HOUSE,32 VICTORIA STREET
Grange Court,Grange Rd,Tongham,Farnham,GU10 1DW
Disclosure Scotland, P.O. Box 250,
Teamwork (UK) Ltd,Martin House,20a Peach Street,Wokingham,Berkshire,RG40 1XG
Unit B,3 Lingstone Boulevard,Hamilton Intl Technology Park,Blantyre,G72 0BP
Station Road,Edenbridge,Kent,TN8 5ND,
EE Limited, Trident Place, Mosquito Way, Hatfield, AL10 9BW
5 ACRE ROAD,READING,BERKSHIRE,RE2 0SU,
FDS-TGM GROUP LTD,487 DUNSTABLE ROAD,LUTON,LU4 8DS,
SERVISAIR HOUSE, HAMPTON COURT,MANOR PARK,RUNCORN,WA7 1TT
St Andrew's Rd,Huddersfield ,HD1 6NA
FTI Consulting LLP,200 Aldersgate,Aldersgate Street,London,EC1A 4HD
5th Floor Southside,105 Victoria Street,London ,SW1E 6QT
Gate Gourmet London Ltd,Gatwick Unit,Perimeter Road South,Gatwick Airport,West Sussex,RH6 0PE
ACCOUNTS RECEIVEABLE,P O BOX 450,HORLEY,RH6 6AU
Head Office,Unit 5,Gatwick Metro Centre,Balcombe Road,RH6 9GA
LLOYDS TSB,PO BOX 100, BANBURY,OXON,OX16 1SG
GREENHAM HOUSE,671 LONDON ROAD ISLEWORTH,MIDDLESEX,TW7 4EX
UPPERC3,HORSTEAD KEYNES IND PK,CINDER HILL,HORSTED KEYNES,HAYWARDS HEATH,RH17 7BA
Shared Service Centre,Hays House,40-44 Coombe Road,New Malden,Surrey,KT3 4QF
Latino Coelho nr 1,Hi Fly Building,1050-132 Lisbon,PORTUGAL
GATWICK AIRPORT LONDON,GATWICK,RH6 0LL
Unit D/Foundry Cl,Horsham ,RH13 5TX
BOX 38,SE-517 21 BOLLEBYGD,SE-517 21
Inform Gmbh,PascalstraBe 23, 52076 Aachen, Germany
58 WHYTECLIFFE ROAD SOUTH,PAULEY,SURREY,CR8 2AW
12 Montacute Road,Tunbridge Wells,Kent ,TN2 5QR
Jamie's Italian Limited, 2 Gay Street, Bath, Somerset, BA1 2PH
BOX 1102,BORAS,501 11
Midas House,Chivenor Business Park,Barnstaple,Devon,EX31 4AY
13-14 Raleigh Court,Priestley Way,Crawley,West Sussex,RH10 9PD
9 Foundry Court,Horsham,RH13 5PY
Highbridge House,581 Bath Road,Longford,West Drayton,UB7 0EW
3rd Floor, Wellington House, 20 Queensmere, Slough, Berkshire, SL1 1DB
Ruddington Hall,Loughborough Road,Nottingham,NG11 6LL
ERICO HOUSE,93-99 UPPER RICHMOND RD,PUTNEY, LONDON,SW15 2TG
Neopost House,South Street,Romford,Essex,RM1 2AR
44 CARNABY STREET ,LONDON,W1F 9PP
Oksenøyveien 3,P.O. Box 115,NO-1330 Fornebu,Norway
OCS GROUP UK LTD, PO BOX 518, MANCHESTER, M16 9SD
72 BLANDFORD ROAD,CORFE MULLEN,WIMBOURNE,BH21 3HQ
33 Chandos Road,Newbury,Berkshire,RG14 7EP
6-8 Western Road,Romford,Essex,RM1 3JT
HAYS GALLERIA,1 HAYS LANE,LONDON,SE1 2RD
Reduna Group AB,Maskingatan 5 5trp,417 62,Goteborg,Sverige
Quadrant House,The Quadrant,Sutton,SM2 5AS
Rock Networks Ltd,Stone Cross Court,Stone Cross Way,Golborne,Warrington,WA3 3JD
2ND FLOOR,200 ALDERSGATE,LONDON,EC1A 4HD
Dublin Office,Airside Business Park,Swords,Dublin
PROFILE WEST,950 GREAT WEST RD,BRENTFORD,MIDDLESEX,TW8 9EJ
UNIT 362A LEACH PLACE,WALTON SUMMIT INDUSTRIAL EST,PRESTON,PR5 8AS
NO 1 PARKLAND COURT,BIRMINGHAM GREAT PARK, RUBERY,BIRMINGHAM,B45 9PZ
1ST FLOOR SPINNAKER HOUSE,LIME TREE WAY, HAMPSHIRE INT,BAISINGSTOKE,RG24 8GG
Selsey Medical Centre,High Street,Selsey,W SussexPO20 0QG,
Jubilee Health Centre,Shotfield,Surrey,SM6 0HY
Computing USA Inc,3100 Cumberland Blvd,Suite 900,30339 Atlanta,Georgia,USA
NORTH TERMINAL GATWICK,WEST SUSSEX,RH6 0PH
GROUNDSTAR HOUSE,AIRPORT FREIGHT VILLAGE,NEWCASTLE,NE13 8BH
HAIL WESTON HOUSE,HAIL WESTON,CA,PE19 4JY
Hangar 1,Western Maintenance,Runger Lane, Manchester Airport,M90 5FL
P.O. Box 186, Ramsbottom, Bury, BL0 9GR
K Letišti 1068/30,160 08 Prague 6,The Czech Republic
The Beehive, Gatwick Airport, Sussex, RH6 0PA
EXPENSES
9 Grand Parade,High Street,Crawley,West Sussex,RH10 1BU
WELDON HOUSE,CORBY GATE BUSINESS PARK,NORTHAMPTONSHIRE,NN17 5JG
Vodafone House, The Connection, Newbury, Berkshire, RG14 2FN
Kelvin Business Centre,Kelvin Way,Crawley,RH10 9SF
3rd Floor, 76 Wardour Street, London, W1F 0UR
Westfield House, 87 Division Street, Sheffield, South Yorkshire, S1 1HT
Amount of debt
33,705.00
29,213.51
4,320.00
80.00
31,005.02
900.20
281.31
45.00
1,156.48
674.86
3,873.91
4,274.89
2,926,523.51
402,388.65
73,718.00
84.60
17,337.00
942.62
2,077.10
4,867.20
841.25
1,050.00
60,979.45
2,108.22
960.00
870.80
855.50
85.00
255.00
2,373.85
65,652.73
300.00
9,859.02
1,973.20
20.00
331.11
3,956.68
77,088.49
285,585.85
50.00
455.40
9,096.43
690.00
1,441,398.80
273.60
19,881.20
58.74
12,465.06
3,301.32
418.67
2,773.52
147.84
7,042.52
18,468.94
240.00
142.75
0.43
793.05
123.00
9,634.20
4,474.85
1,013.37
2,520.00
21,273.90
8,045.35
579.80
5,465.60
400,985.94
8,596.64
40,548.67
1,545.00
3,182.30
19,230.00
410.41
844.18
187.78
2,359.20
2,412.50
148.81
630.00
8,217.78
4,344.57
95.00
40.00
4,673.00
125.00
53,377.10
16,785.96
2,513.97
36.86
1,496.91
14,269.98
960.00
824.40
88,453.70
23,183.62
8,078.03
6,389.90
229.77
WHSMITH TRAVEL
BA
Thomson
Virgin
Thomas Cook
Ryan Air
Total trade creditors
Victoria House,37-63 Southampton Row,London,WC1B 4DA
British Airways PLC, IAG BA UK INVOICES P.O. BOX 6296, Milton Keynes, MK10 1ZL
WIGMORE HOUSE, WIGMORE PLACE, WIGMORE LANE,LUTON, BEDFORDSHIRE, LU2 9TN
Virgin Atlantic Airways, The Office, Manor Royal, Crawley, West Sussex, RH10 9NU
HANGAR ONE, WESTERN MAINTENANCE AREA,RUNGER LANE, M90 5FLT
RYANAIR, CORPORATE HEADQUARTERS,DUBLIN AIRPORT, DUBLIN
Aviator Airport Services Denmark AS
HMRC - Nov PAYE
Intergroup - Aviator Europe AB
Intergroup - Aviator Services Sweden AB
Total other creditors
Vestvej 4, 2770 Kastrup, Denmark
Box 118, 190 46 Stockholm-Arlanda, Sweden
Box 118, 190 46 Stockholm-Arlanda, Sweden
-
1,128.41
42,948.00
129,855.00
54,639.00
293,034.00
56,497.00
6,272,772.84
49,000.00
487,089.00
3,063,045.00
43,686.00
3,642,820.00
Aviator BHX Limited - creditor listing
Name of creditor
ADVANCED BUSINESS EQUIPMENT LTD
AIRLINE SERVICES LTD
AIRPORT PLACEMENT LTD
ANGEL SPRINGS
ARCO
ARVIN AVIATION
BIRMINGHAM INT. AIRPORT LTD
CAFFE NERO
CORNHILL SECRETARIES
EASY JET AIRLINE COMPANY LTD
ERDINGTON MEDICAL CENTRE
ESP GLOBAL
FLIGHT DELAY SERVICES
FLIGHTCARE MULITISERVICES LTD
FMG Support (FIM) Ltd
FT SOLUTIONS
GOES LTD
HEATHBROOK CORPORATE WEAR
IATA
ICELAND AIR
INTERNATIONAL CURRENY EXCHANGE
ISS FACILITY SERVICES LTD
LAWDEN TYRE SERVICES
LEEDS COMMERCIAL
LINE UP AVIATION
NO1 TRAVELLER (BHX) LIMITED
NORTH EAST RADIO COMMUNICATIONS
PRINTAVIA AVIATION AG
REBECCA NICHOLLS - EXPENSES
REDLINE ASSURED SECURITY
REDUNA GROUP
RHIAN POWELL - EXPENSES
SANTIA HEALTH & SAFETY LTD
SELECT SERVICE PARTNERS
SELECTION CORPORATE CLOTHING LTD
SHAURNA EDMEADE - EXPENSES
SPARKHILL SURGERY
SSP
SWISSPORT LIMITED
TENSOR
VALASSIS LTD
VIRGIN MEDIA BUSINESS
WESTFIELD HEALTH
WHSMITH
WORDLPAY
XEROX
BA
Thomson
Virgin
Thomas Cook
Ryan Air
Total trade creditors
AVIATOR - NhB AS
HMRC - Nov PAYE
Intercompany - Aviator LGW Ltd
Intercompany - Aviator NCL Ltd
Intergroup - Aviator Europe AB
Intergroup - Aviator Services Finland OY
Intergroup - Aviator Services Sweden AB
Total other creditors
Address
ADVANCED BUSINESS EQUIPMENT LTD,Tavistock House,5 Rockingham Road,Uxbridge,Middlesex,UB8 2UB
Perimeter Rd S,Lowfield Heath,Gatwick,RH6 0PQ
AIRPORT PLACEMENTS LTD,Comet Building,Birmingham Airport, B26 3Qj
ANGEL SPRINGS,Angel House,Shaw Road,Wolverhampton,West Midlands,WV10 9LE
ARCO LIMITED,Po Box 21,Head Office,Waverley Street,Hull,HU1 2SJ
ARVIN LIMITED TERMINAL 1,Birmingham International Airport,Birmingham,West Midlands,B26 3Qj
BIRMINGHAM AIRPORT,Finance Department,Diamond House,Birmingham,B26 3Qj
FINANCE DEPARTMENT,3 Neal Street,London,Wc2H 9Pu
8 BADEN PLACE,Crosby Row,London,SE1 1YW
EASYJET AIRLINE COMPANY LIMITED,Hangar 89,London Luton Airport,LU2 9PF
103 WOOD END ROAD,Erdington,Birmingham,B24 8NT
ESP GLOBAL SERVICES,5 Acre Road,Reading,RG2 0SU
FDS-TGM GROUP LTD,487 DUNSTABLE ROAD,LUTON,LU4 8DS
SERVISAIR HOUSE, HAMPTON COURT,MANOR PARK,RUNCORN,WA7 1TT
FMG HOUSE,St Andrews Road,Huddersfield,HD1 6NA
CENTRUS BUSINESS PARK,Mead Lane,Hertford,Hertfordshire,SG13 7GX
UNIT 22,The Gateway Ind Est,Birmingham International Airport,Birmingham,B26 3QD
14-16 Boulton Road,READING,Berkshire,RG2 0NH
FRANKFURTSTRAAT 2,Lijnden,Po Box 49,1170 Aa Badhoevedorp,The Netherlands
1 FITZROY SQUARE,London W1T 5He
19-21 SHAFTESBURY AVENUE,London,W1D 7Ed
51-60 FUTURA PARK,Aspinall Way Middlebrook,Horwich,Bolton
LAWDEN TYRE SERVICES,5-8 Lawden Road,Bordesley Circus,Birmingham,B10 0AB
LEEDS COMMERCIAL LIMITED,Contract Hire Depot,The Roundhouse,Wellington Road,LS12 1DR
9 FOUNDRY COURT,Horsham,Rh13 5Py
NO1 LOUNGES (BHX) LTD,Hanover House,14 Hanover Square,London,W1S 1HP
1 BEWICKE STREET,Wallsend,Tyne & Wear,NE28 6SR
Kleebodenweg 14,4222 Zwingen,Switzerland
EXPENSES
THE NATIONAL SECURITY TRAINING AGENCY,First Avenue,Robin Hood Aiport,Doncaster,DH9 3RH
MASKINGATAN 5 5TRP,417 62 Göteborg
EXPENSES
FUSION OCUPATIONAL HEALTH,Santia House,Parc Nantgarw,Natgarw
1 PARKLANDS, REDNAL, BIRMINGHAM, WEST MIDLANDS, B45 9PZ
SELECTION HOUSE, UNIT 7 FISHERS INDUSTRIAL ESTATE, WIGGENHALL ROAD, WATFORD, HERTS, WD18 0FN,
EXPENSES
578 STRATFIRD ROAD,Sparkhill,Birmingham,B11 4AN,
GROUNDSTAR HOUSE FREIGHT VILLA,Newcastle Int Airport,Newcastle Upon Tyn,NE13 8BH,
HAIL WESTON HOUSE,Hail Weston,St Neots,Cambridgeshire,PE19 5JY,,
WELDEN HOUSE,Corby Gate Business Park,Priors House,Priors Hews Road,Corby,NORTHANTS,NN17 5JG
COMMUNICATIONS HOUSE,Bartley Wood Business Park,Bartley Way,Hook,RG27 9UP
87 DIVISION STREET,Sheffield,South Yorkshire,S1 1HT
GREENBRIDGE ROAD,Swindon,SN3 3LD
25 Walbrook,London,EC4N 8AF
OXFORD ROAD,Uxbridge,UB8 1HS
British Airways PLC, IAG BA UK INVOICES P.O. BOX 6296, Milton Keynes, MK10 1ZL
WIGMORE HOUSE, WIGMORE PLACE, WIGMORE LANE,LUTON, BEDFORDSHIRE, LU2 9TN
Virgin Atlantic Airways, The Office, Manor Royal, Crawley, West Sussex, RH10 9NU
HANGAR ONE, WESTERN MAINTENANCE AREA,RUNGER LANE, M90 5FLT
RYANAIR, CORPORATE HEADQUARTERS,DUBLIN AIRPORT, DUBLIN
Sparerbank1 Regnskapshuset SMN A Klaebuveien 196, NO - 7467 Trondheim
Room 3037, Third Floor Balcony, South Terminal, Gatwick Airport, West Sussex, RH6 0NP
Aviator/Easyjet Ticket Desk Newcastle International Airport, NE13 8BZ, Newcastle Upon Tyne
Box 118, 190 46 Stockholm-Arlanda, Sweden
Rahtikuja 1, 01530 Vantaa, Finland
Box 118, 190 46 Stockholm-Arlanda, Sweden
Amount of debt
1,287
5,158
13,164
105
476
1,255
359,253
917
290
4,788
125
1,026
222
221,821
690
102
151
370
510
598
1,581
359
1,352
14,076
26,153
336
9
20
35
250
360
8,981
501
85
491
3,777
559
10,225
156
2,087
11,080
48
141
42,948
129,855
54,639
293,034
56,497
1,264,414
-
4,898
51,382
2,121,403
121,752
604,725
4,294
6,504
2,914,958
Aviator NCL Limited - creditor listing
Name of creditor
A & A FABRICATIONS
ARCO
BADGEMASTER
BRITISH TELECOM
CORNHILL SECRETARIES LTD
CRESTA WORLD TRAVEL
DAVID ALLAN - EXPENSES
Dynamic office supplies
EASYJET AIRLINE COMPANY LTD
EDINBBURGH AIRPORT
Empark
ESP GLOBAL SERVICES
FLIGHT DELAY SERVICES LTD
Flightcare
G TRAK LTD
GREGGS SHARED SERVICES
HEATHBROOK CORPORATE WEAR
HULTAFORS GROUP AB
IATA
KELLMATT LTD
LAURA HERRIMAN - EXPENSES
LAURA HERRIMAN - EXPENSES
LIMPIO OFFICE SOLUTIONS
MITIE CLEANING & ENVIRONMENTAL SERVICES
MIW OFFICE SOLUTIONS LTD
NEWCASTLE AIRPORT ALLIANCE OP COM
NEWCASTLE AIRPORT TAXIS
NORTH EAST RADIO COMMS
Park & Fly
ROBERT BURKE - EXPENSES
ROCK NETWORKS LTD
SELECT SERVICE PARTNER
SHRED-IT LIMITED
SITA
Swissport
Tensor
VALASSIS
WESTFIELD HEALTH
BA
Thomson
Virgin
Thomas Cook
Ryan Air
Total trade creditors
AVIATOR - NhB AS
HMRC - Nov PAYE
Intercompany - Aviator LGW Ltd
Intercompany - Aviator MAN Ltd
Intergroup - Aviator Europe AB
Intergroup - Aviator Services Finland OY
Intergroup - Aviator Services Sweden AB
Total other creditors
Address
Total
A & A FABRICATIONS,Riverside Road,Southwick,Sunderland,SR5 3JG
2,640.00
ARCO,Arco Limited,Po Box 21,Head Office,WAVERLEY STREET,HULL,HU1 2SJ
184.38
BADGEMASTER,Badgemaster Limited,Hazel Way,Industrial Park,Newstead,Nottingham,NG15 0DQ
51.01
BRITISH TELECOM,Corporate Billing Team,Pp05A19,Delta Point,35 WELLESLEY ROAD,CROYDEN,CR9 2YZ
6.72
CORNHILL SECRETARIES LTD,Cornhill Secretaries Limited,8 Baden Place,Crosby Row,London SE1 1YW
290.10
CRESTA WORLD TRAVEL,Cresta House,32 Victoria Street,Cheshire,WA14 1ET
1,753.62
DAVID ALLAN - EXPENSES,Expenses
DYNAMIC OFFICE SUPPLIES,Dynamic Office Supplies,Dynamic House,Turners Hill Road,Crawley Down,RH10 4EY
1,085.00
EASYJET AIRLINE COMPANY LTD,Easyland,London Luton Airport,Luton,LU2 9LS
20,513.00
EDINBBURGH AIRPORT,Edinburgh Airport Limited,Edinburgh,Scotland,EH12 9DN
576.00
EMPARK,Empark U.K. Limited,Bassingbourn House,Mid Stay Car Park,Stansted Airport,ESSEX,CM24 1PZ
1,152.00
ESP GLOBAL SERVICES,5 Acre Road,Reading,RG12 0SU
1,026.41
FLIGHT DELAY SERVICES LTD,Fds-Tgm Group Ltd,487 Dunstable Road,Luton,LU4 8DS
8,442.66
FLIGHTCARE MULTISERVICES,Servisair House,Hampton Court,Manor Park,RUNCORN,WA7 1TT
4,631.52
G TRAK LTD,Queensway House,Queensway,Middlesbrough,TS3 8FT
450.00
GREGGS SHARED SERVICES,Balliol Business Park West,Longbenton,Newcastle On Tyne,NE12 8EW
105.70
HEATHBROOK CORPORATE WEAR AND SAFETY,14-16 Boulton Road
23.98
HULTAFORS GROUP AB,Box 38,Bollebygd,Sweden,SE517 21
702.24
IATA NETHERLANDS DATA PUBLICATIONS,Frankfurtstraat 2,Lijnden,1170 Aa Badhoevedorp,The Netherlands
318.99
KELLMATT LTD,Imaje House,53B Theobald St,Borehamwood,HERTS,WD6 4RT
94.80
LAURA HERRIMAN - EXPENSES,Expenses
31.28
LAURA HERRIMAN - EXPENSES,Expenses
31.28
LIMPIO OFFICE SOLUTIONS,13-14 Raleigh Court,Priestley Way,Crawley,West Sussex,RH10 9PD
MITIE CLEANING & ENVIRONMENTAL SERVICES,Mitie Cleaning & Environmental,Services Ltd,1 Harlequin Office Park,Fieldfare,Emersons
622.78
Green,Bristol,BS16 7FN
MIW OFFICE SOLUTIONS LTD,Bowan House,Oakeys Road,Tandfield Lea South Industry Estate,DURHAM,UK,DH9 9XW
118.65
NEWCASTLE AIRPORT ALLIANCE OP COM,N/A
225,461.00
NEWCASTLE AIRPORT TAXIS,Newcastle Aiport Taxis,Taxi Control Building,Newcastle International Airport,NE13 8BZ
9,825.00
NORTH EAST RADIO COMMS,Bewicke Street,Willington Quay,Wallsend,TYNE & WEAR,NE28 6SR
443.41
PARK & FLY,Newcastle Park & Fly Limited,Unit 1,Prestwick Industrial Estate,Ponteland,Newcastle upon Tyne,NE20 9DA 1,806.00
ROBERT BURKE - EXPENSES,Expenses
ROCK NETWORKS LTD,Rock Networks Ltd,Stone Cross Court,Stone Cross Way,Golborne,Warrington,WA3 3JD
1,296.00
SELECT SERVICE PARTNER,No 1 Parkland Court,Birmingham Great Park,Rubery,BIRMINGHAM,B45 9PZ
10,630.47
SHRED-IT LIMITED,Shred-It,177 Cross Street,Ground Floor,Corner House,Manchester,M33 7JQ
291.34
SITA,Newcastle International Airport,Woolsington,Newcastle Upon Tyne,NE13 8BZ
1,315.26
SWISSPORT LTD
14,546.00
TENSOR,Tensor Time & Energy,Hail Weston House,Hail Weston,St Neots,Cambridgeshire,PE19 5JY
3,559.00
VALASSIS,Weldon House,Corby Gate Business Park,Priors Haw Road,Corby,Northants,NN17 5JG
67.58
WESTFIELD HEALTH,Westfield House,87 Division Street,Sheffield,South Yorkshire,S1 1HT
242.19
British Airways PLC, IAG BA UK INVOICES P.O. BOX 6296, Milton Keynes, MK10 1ZL
42,948.00
WIGMORE HOUSE, WIGMORE PLACE, WIGMORE LANE,LUTON, BEDFORDSHIRE, LU2 9TN
129,855.00
Virgin Atlantic Airways, The Office, Manor Royal, Crawley, West Sussex, RH10 9NU
54,639.00
HANGAR ONE, WESTERN MAINTENANCE AREA,RUNGER LANE, M90 5FLT
293,034.00
RYANAIR, CORPORATE HEADQUARTERS,DUBLIN AIRPORT, DUBLIN
56,497.00
891,245.81
Sparerbank1 Regnskapshuset SMN A Klaebuveien 196, NO - 7467 Trondheim
Room 3037, Third Floor Balcony, South Terminal, Gatwick Airport, West Sussex, RH6 0NP
Manchester Airport, Terminal 1, Rms 10/12 Level 7 M90 1QX
Box 118, 190 46 Stockholm-Arlanda, Sweden
Rahtikuja 1, 01530 Vantaa, Finland
Box 118, 190 46 Stockholm-Arlanda, Sweden
40,072.00
257,080.00
59,014.00
222,787.00
2,988.00
19,309.00
601,250.00
Section 7 - Estimated Deficiency Account
Aviator LGW Limited
Summary Balance Sheet
£'000
Profit and loss account as at 31 Oct-16
Less write down of assets per Directors' Statement of Affairs
Airport Equipment
Trade Debtors
Intercompany receivables
Further write downs / additional liabilities
Adjusted shareholder deficit
Deficit per Directors' Statement of Affairs
Aviator NCL Limited
Summary Balance Sheet
(65)
(80)
(4,516)
(857)
(9,252)
£'000
Profit and loss account as at 31 Oct-16
Less write down of assets per Directors' Statement of Affairs
Airport Equipment
Trade Debtors
Intercompany receivables
Further write downs / additional liabilities
Adjusted shareholder deficit
(227)
(20)
(121)
(444)
(1,393)
(9,252)
Deficit per Directors' Statement of Affairs
(1,393)
(3,734)
Aviator BHX Limited
Summary Balance Sheet
£'000
Profit and loss account as at 31 Oct-16
Less write down of assets per Directors' Statement of Affairs
Airport Equipment
Trade Debtors
Intercompany receivables
Further write downs / additional liabilities
Adjusted shareholder deficit
Deficit per Directors' Statement of Affairs
(1,838)
(10)
(30)
(2,103)
(3,981)
(3,981)
Page 15
(581)
Section 8 - Liquidators exercise of powers since EGM
The liquidators have not undertaken any activities on behalf of the Companies since appointment by
the members, other than notifying creditors of their appointment, advertising the winding up of the
Companies, convening the initial meetings of creditors pursuant to s98 of the Act, and taking the
necessary steps to protect the Companies’ assets.
Page 16
Section 9 - Proposed Resolutions For Creditors’ Meeting
Aviator LGW Limited (in liquidation)
1. That the creditors appoint Lisa Rickelton and Andrew Johnson as liquidators for the purpose of
winding up the Company’s affairs and distributing its assets.
2. That any act required or authorised under any enactment to be done by the liquidator may be done
by one or more of the persons for the time being holding the office of liquidator
3. For the appointment of
____________________________________________________________________
Of (if applicable)
_____________________________________________________________________
representing _______________________________________________
as a member of the creditors’ committee
4. That the basis of the liquidators’ fees are set on time costs incurred by us and our staff properly
spent in carrying out the liquidation of the Companies pursuant to Rule 4.127(2A)(a) and (b) of the
Insolvency Rules 1986 (as amended) (“the Rules”).
Page 17
Aviator BHX Limited (in liquidation)
1. That the creditors appoint Lisa Rickelton and Andrew Johnson as liquidators for the purpose of
winding up the Company’s affairs and distributing its assets.
2. That any act required or authorised under any enactment to be done by the liquidator may be done
by one or more of the persons for the time being holding the office of liquidator
3. For the appointment of
____________________________________________________________________
Of (if applicable)
_____________________________________________________________________
representing _______________________________________________
as a member of the creditors’ committee
4. That the basis of the liquidators’ fees are set on time costs incurred by us and our staff properly
spent in carrying out the liquidation of the Companies pursuant to Rule 4.127(2A)(a) and (b) of the
Insolvency Rules 1986 (as amended) (“the Rules”).
Page 18
Aviator NCL Limited (in liquidation)
1. That the creditors appoint Lisa Rickelton and Andrew Johnson as liquidators for the purpose of
winding up the Company’s affairs and distributing its assets.
2. That any act required or authorised under any enactment to be done by the liquidator may be done
by one or more of the persons for the time being holding the office of liquidator
3. For the appointment of
____________________________________________________________________
Of (if applicable)
_____________________________________________________________________
representing _______________________________________________
as a member of the creditors’ committee
4. That the basis of the liquidators’ fees are set on time costs incurred by us and our staff properly
spent in carrying out the liquidation of the Companies pursuant to Rule 4.127(2A)(a) and (b) of the
Insolvency Rules 1986 (as amended) (“the Rules”).
Page 19
Section 10 – Liquidators’ Fee Disclosure (including Liquidators’ Fee Estimate)
In accordance with Statement of Insolvency Practice (“SIP”) 9, a breakdown of the Liquidators’ fee
estimate was provided as part of the Liquidators’ fee disclosure sent to all known creditors when
convening the s98 meetings on 1 December 2016.
For convenience, a further copy of the Liquidators’ fee disclosure is provided below.
Page 20
Aviator Airport Services UK Limited, Aviator LGW Limited, Aviator BHX Limited, Aviator NCL Limited –
all in Liquidation (together “the Companies”)
Liquidators’ Fee Disclosure
In accordance with the guidance set out in Statement of Insolvency Practice 9 (“SIP9”) and Rule 4.127(2A)(a)
and (b), please find below the requisite disclosures to enable to Liquidators to request the consent of the
creditors to fix the basis of their remuneration at the initial creditors meetings of the Companies to be held on
12 December 2016.
Liquidators’ remuneration
We propose that we will be remunerated on the basis of time costs incurred by us and our staff properly spent
in carrying out the liquidation of the Companies. Details of the rules in relation to Liquidators’ remuneration
together with details of our time costs to date and our fee estimate are set out below.
Our fees and disbursements are subject to creditor approval which will be sought at the initial meeting of
creditors. A creditors’ guide to liquidators’ fees setting out creditors’ rights to further information and how fees
are approved can be found here:
http://www.fticonsulting-emea.com/~/media/Files/emea--files/creditors-portal/cip-emea-forms-info/guide-toliquidators-fees-oct-2015-ew.pdf
If creditors wish to be supplied with a hard copy of this guidance they should contact us at the details set out
above.
Additional information in relation to creditors’ rights to challenge remuneration and request information, pre
appointment fees, the Liquidators’ Fee Estimate, and additional information pursuant to SIP 9 can be found
below.
Creditors’ Right to Challenge Remuneration and/or Expenses
Any secured creditor or, unsecured creditor with the support of at least 10% in value of the unsecured
creditors or with leave of the Court, may apply to the Court for one or more orders (in accordance with Rule
4.131 of the Rules), challenging the amount or the basis of the remuneration which the liquidators are entitled
to charge or otherwise challenging some or all of the expenses incurred. Such applications must be made
within eight weeks of receipt by the applicant(s) of the report detailing the remuneration and/or expenses in
question, in accordance with Rule 4.131(1B) of the Rules.
Creditors’ Right to Request Information
Any secured creditor or unsecured creditor with the support of at least 5% in value of the unsecured creditors
or, with leave of the Court, may, in writing, request the liquidators of the Company to provide additional
information regarding remuneration or expenses to that already supplied with this document. Such requests
must be made within 21 days of receipt of this report, in accordance with Rule 4.49E(2)(b) of the Rules.
Pre appointment fees
FTI was engaged by Aviator Airport Services UK Limited and Aviator Airport Alliance AB (as guarantor) on 19
September 2016 to advise and assist them in the orderly wind down of the UK operations thus ensuring
material disruption to London Gatwick, Birmingham Airport, Newcastle Airport and Manchester Airport was
avoided. Specific workstreams included:
•
review of the Group’s short-term funding requirements to develop and plan for a managed winddown, or alternative solution to maintain the UK operations;
•
provision of insolvency advice to the Board of Directors;
•
support in discussions and negotiations with key stakeholders;
•
support in respect of the communications strategy, including development of an appropriate leak
strategy; and
•
preparation of a contingency plan, in the event that it is not possible to secure further funding to allow
continuation of trading on a solvent basis.
The advisory work commenced on 17 September 2016 and continued until 30 November 2016. During this
period, the Companies had secured sufficient funding provided by a number of the Companies’ key customers
and as such, it was not appropriate to place the Companies into a form of insolvency. The total professional
fees incurred totalled £1.2 million (excluding VAT). All fees were paid by the Companies prior to our
appointment as Liquidators. No pre appointment fees will be paid in the liquidation.
Fee Estimate
A breakdown of our fee estimate, pursuant to Rule 4.127(2A)(a) and (b) and in accordance with SIP9, is
provided below.
The Liquidators’ fee estimate represents the likely time costs that will be incurred in undertaking their duties in
respect to the Companies during the liquidation. It is important to note that the quantum of remuneration
drawn will be limited by the realisations from the Company assets and as such fees will only be drawn if there
are funds in each of the respective the liquidations to do so.
Aviator LGW Limited
Hrs
Administration and planning
Investigations
Realisation of assets
Trading / wind down
£'000
Aviator BHX Limited
Hrs
Aviator NCL Limited
£'000
Hrs
Aviator AAS Limited
£'000
Hrs
£'000
145.2
55.8
25.9
10.0
25.9
10.0
20.2
8.1
3.1
1.4
0.6
1.4
0.6
0.6
7.7
0.2
20.2
7.7
3.6
1.4
3.6
1.4
0.0
0.0
0.0
40.3
15.5
7.2
2.8
7.2
2.8
0.0
121.0
46.5
21.6
8.3
21.6
8.3
3.2
1.2
Tax
16.8
6.2
3.0
1.1
3.0
1.1
1.2
0.4
Reporting
40.3
15.5
7.2
2.8
7.2
2.8
2.9
1.1
Other
28.2
10.8
5.0
1.9
5.0
1.9
2.0
0.8
420.0
161.1
75.0
28.8
75.0
28.8
30.0
11.5
Creditors
Total Fee Estimate
Note: The blended average hourly rate across all workstreams estimated at £384 /hr
The likely activities to be undertaken by the Liquidators and their staff will include:
Workstream
Administration
and planning
Activities
• Appointment and related formalities in
respect of the liquidations.
• Other administrative duties including
accounting for receipts and payments,
completing checklists and reviews,
cashiering and reconciliations, and internal
case management and maintenance.
• Complying with statutory formalities including
relevant filings and statutory
communications.
• Reports of directors’ conduct.
• Any other investigation work, as applicable.
Rationale
• Statutory and compliance
requirements
Realisation of
assets
• Realisation of trade debtors and chattel
assets
• Maximise the realisations of the
liquidation estate
Trading / wind
down
• Administering the Trust and designated
liquidation funding accounts and ensuring
correct utilisation of funds held in accordance
with relevant trust arrangements.
• Acting in accordance with the relevant
trust arrangements for the benefit of
trust beneficiaries
Investigations
• Statutory requirement to report on
director conduct
• If applicable, any additional recovery
actions identified could potential
increase the size of the liquidation
estate
Creditors
Tax / VAT
Reporting
• Continued communication with the
Companies’ creditors including employees,
pension providers and landlords.
• Agreeing creditor claims including
preferential and unsecured creditors as and
when funds allow for a distribution to be
made.
• Communications with relevant tax authorities
including the filing of post appointment
corporation tax and VAT returns.
• If appropriate, the filing of pre appointment
corporation tax and VAT returns.
• Preparing statutory communication with
creditors.
• Statutory requirement to act in the
interests of the Companies’ creditors
as a whole and to provide updates to
creditors
• Statutory requirement
• Pre appointment VAT returns will
increase the size of the liquidation
estate.
• Statutory requirement.
Liquidators’ estimated expenses
The Liquidators’ initial estimate of the liquidation expenses (excluding office holders’ remuneration) is
provided below.
£'000
Aviator LGW Limited
Employee costs
Premises costs
Agents' fees expenses
Legal Fees and expenses
Contingency
Total Estimated Expenses
Aviator BHX Limited
Aviator NCL Limited
18.2
1.6
1.4
2.1
0.4
1.4
5.0
1.0
1.0
50.0
10.0
10.0
6.3
0.7
0.9
81.7
13.7
14.7
Aviator AAS Limited
5.0
5.0
Additional information pursuant to SIP 9
Detailed below is FTI’s policy in relation to:
•
•
•
staff allocation and the use of sub contractors;
professional advisors; and
disbursements.
Staff allocation and use of sub contractors
Our general approach to resourcing our assignments is to allocate staff with the skills and experience to meet
the specific requirements of the case.
The constitution of the case team will usually consist of a Senior Managing Director, Managing Director,
Director, Senior Consultant and Consultant. The exact constitution of the case team will depend on the
anticipated size and complexity of the assignment and on larger, more complex cases, several Senior
Consultants/Consultants may be allocated to meet the demands of the case.
With regard to support staff, we would advise that time spent by cashiers in relation to specific tasks on an
assignment is charged. Only if there is a large block of time incurred by a member of the secretarial team, eg,
report compilation and distribution, do we seek to charge and recover our time in this regard.
The Liquidators also envisage utilising the services of other teams within FTI Consulting LLP to assist with the
liquidation process. The fees of our tax and strategic communications teams have been included in our fee
estimate.
All time incurred by the Liquidators and their staff is recorded in six minute increments.
Professional advisors
The Liquidators intend to use the professional advisors listed below. We have also indicated alongside, the
proposed basis of our fee arrangement with them, which is subject to review on a regular basis.
Name of professional advisor
DLA LLP (legal advisors)
Wyles Hardy (chattel asset valuers / agents)
ERA Solutions (employee claims support)
Proposed basis of fee arrangement
Hourly rate and disbursements
Hourly rate and disbursements
Hourly rate and disbursements
Our choice is based on our view of their experience and ability to perform this type of work, the complexity
and nature of the assignment and the basis of our fee arrangement with them.
Liquidators’ Disbursements
Category 1 disbursements do not require approval by creditors. The type of disbursements that may be
charged as a Category 1 disbursement to a case generally comprise of external supplies of incidental services
specifically identifiable to the case, such as postage, case advertising, invoiced travel and external printing,
room hire and document storage. Also chargeable will be any properly reimbursed expenses incurred by
personnel in connection with the case.
Category 2 disbursements do require approval from creditors which will be requested at the initial meeting of
creditors to be held on 12 December 2016, if applicable. These disbursements can include costs incurred
which relate to payments due to associated companies for the provision of services to the office holder.
On this assignment we may incur category 2 disbursements in the following classes. We have also indicated
alongside, the basis of calculation of these costs.
Type of expense
Internal Postage and fulfilment
Mileage )
Basis of incurring cost
Costs incurred based on numbers of letters printed
40 pence per mile
IT equipment ordered internally
Subsistence for meetings
Data Management (10 units)
Cost price
Charge based on number of attendees per meeting
£25 per unit per month
Charge out rates
A schedule of FTI’s current charge-out rates for this assignment is as follows:
Grade
Senior Managing Director
Managing Director
Senior Director
Director
Senior Consultant
Consultant
Associate
Charge out rate £ per hour as at 1 December 2016
795
695
645
595
505
440
210
The charge out rates are reviewed on an annual basis and updated with effect from 1 January each year.
Section 11 – Liquidators’ Receipts and Payment accounts
Aviator LGW Limited
Liquidators' account of receipts and payments
Statement of Affairs
1 December 2016
to 12 December 2016
Total
Cash at bank
-
-
-
VAT recovery
350,000
-
-
Trade debtors
Airport Equipment
350,000
10,000
60,887
-
60,887
-
Subtotal
710,000
60,887
60,887
-
-
60,887
60,887
£
Floating charge receipts
Floating charge payments
Subtotal
Current Surplus/(Deficit)
Repres en t ed by
Cash at Bank
60,887
Total Surplus/(Deficit)
60,887
60,887
60,887
Aviator BHX Limited
Liquidators' account of receipts and payments
1 December 2016
£
Statement of Affairs
to 12 December 2016
Total
-
Floating charge receipts
Cash at bank
-
-
VAT recovery
68,000
-
-
Trade debtors
Subtotal
130,000
198,000
23,019
23,019
23,019
23,019
Floating charge payments
-
-
Subtotal
-
-
23,019
23,019
Current Surplus/(Deficit)
Repres en t ed by
Cash at Bank
23,019
Total Surplus/(Deficit)
23,019
23,019
23,019
Aviator NCL Limited
Liquidators' account of receipts and payments
1 December 2016
£
Floating charge receipts
Cash at bank
Statement of Affairs
to 12 December 2016
Total
-
-
-
30,000
70,000
7,704
7,704
100,000
7,704
7,704
Floating charge payments
-
-
Subtotal
-
-
7,704
7,704
VAT recovery
Trade debtors
Subtotal
Current Surplus/(Deficit)
Repres en t ed by
Cash at Bank
Total Surplus/(Deficit)
7,704
7,704
Page 21
7,704
7,704