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BRI Northampton – significant dividends paid

News

28 October 2015: BRI’s Northampton Office would like to report on two creditors voluntary liquidations whereby dividends have recently been paid to creditors.

Timsons Limited, a company founded in 1896, entered voluntary liquidation on 4 February 2015. Asset realisations have been significant and the Joint Liquidators are pleased to report that the sum of £375,000 has been distributed to the Company’s unsecured creditors on 7 October 2015 by way of an interim dividend.

Pet Healthcare (Northampton) Limited which operated as a veterinary surgery entered voluntary liquidation on 11 February 2013. With preferential creditors already paid in full (employees wage arrears and outstanding holiday pay entitlements) a sum of £164,000 was paid to unsecured creditors on 1 October 2015, which equated to a final dividend of 21 pence in the pound.