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Collateral Companies – in Creditors’ Voluntary Liquidation - Borrower Information

07 August 2019

Collateral (UK) Limited
Collateral Sales Limited
Collateral Security Trustee Limited - Together (“the Companies”)

Borrower information

Shane Crooks & Mark Shaw were appointed as Joint Administrators of the Companies by order of the Court on 27 April 2018. Please see the below attached notices of appointment for reference.

Under the provisions of paragraph 100(2) of Sch. B1 to the Insolvency Act 1986 the Joint Administrators carry out their functions jointly and severally and neither Administrator has exclusive power to exercise any function.

In accordance with the Joint Administrators’ proposals the Companies transitioned to Creditors’ Voluntary Liquidation at the end of the administration periods, with Shane Crooks and Mark Shaw being appointed as Joint Liquidators of the Companies on 10 May 2019.

Collateral Companies - Six Month Administration Progress Report 
Notice of Establishment of a Committee – 22 August 2018​
Collateral Companies – Committee Formation - 25 July 2018
Notice of Approved Proposals – 11 July 2018
FAQ 27 June 2018
Joint Administrators’ Proposals 21 June 2018
FAQ 11 June 2018
FAQ 2 May 2018
Notice to Borrowers 27 April 2018