Ontario · Receivership (court-appointed)
Second Progress Report of the Joint Administrators - 6/8/2016
Court officer report · 8 June 2016
A plain-language read of this filing opens with a subscription.
What we verified from this filing2 verified
- fee scheduleengagements: form: time_summary · rows: fees: 1406.5 · rate: 485 · role: Fund management · hours: 2.9 · quote: Fund management | | 2.90 | | | 2.90 | 1,406.50 | 485.00 · row kind: bucket · rate kind: average · name as stated: Fund management; fees: 9234.5 · rate: 249.58 · role: General (Cashiering) · hours: 37 · quote: General (Cashiering) | | 0.40 | 36.60 | | 37.00 | 9,234.50 | 249.58 · row kind: bucket · rate kind: average · name as stated: General (Cashiering); fees: 43831 · rate: 377.2 · role: Reconciliations (& IPS accounting reviews) · hours: 116.2 · quote: Reconciliations (& IPS accounting reviews) | | 58.50 | 57.70 | | 116.20 | 43,831.00 | 377.20 · row kind: bucket · rate kind: average · name as stated: Reconciliations (& IPS accounting reviews); fees: 6300 · rate: 247.06 · role: Books and records · hours: 25.5 · quote: Books and records | | | 25.50 | | 25.50 | 6,300.00 | 247.06 · row kind: bucket · rate kind: average · name as stated: Books and records; fees: 62.5 · rate: 125 · role: Appointment and related formalities · hours: 0.5 · quote: Appointment and related formalities | | | | 0.50 | 0.50 | 62.50 | 125.00 · row kind: bucket · rate kind: average · name as stated: Appointment and related formalities; fees: 7546.25 · rate: 334.65 · role: Checklist & reviews · hours: 22.55 · quote: Checklist & reviews | | 7.65 | 14.90 | | 22.55 | 7,546.25 | 334.65 · row kind: bucket · rate kind: average · name as stated: Checklist & reviews; fees: 339.5 · rate: 485 · role: Reports to debenture holders · hours: 0.7 · quote: Reports to debenture holders | | 0.70 | | | 0.70 | 339.50 | 485.00 · row kind: bucket · rate kind: average · name as stated: Reports to debenture holders; fees: 3748.5 · rate: 595 · role: Statutory advertising · hours: 6.3 · quote: Statutory advertising | 6.30 | | | | 6.30 | 3,748.50 | 595.00 · row kind: bucket · rate kind: average · name as stated: Statutory advertising; fees: 560 · rate: 280 · role: Statutory receipts and payments accounts · hours: 2 · quote: Statutory receipts and payments accounts | | | 2.00 | | 2.00 | 560.00 | 280.00 · row kind: bucket · rate kind: average · name as stated: Statutory receipts and payments accounts; fees: 28412.5 · rate: 511.94 · role: Strategy documents · hours: 55.5 · quote: Strategy documents | 28.70 | 26.80 | | | 55.50 | 28,412.50 | 511.94 · row kind: bucket · rate kind: average · name as stated: Strategy documents; fees: 912 · rate: 314.48 · role: Post appointment corporation tax · hours: 2.9 · quote: Post appointment corporation tax | | 0.80 | 2.10 | | 2.90 | 912.00 | 314.48 · row kind: bucket · rate kind: average · name as stated: Post appointment corporation tax; fees: 752 · rate: 358.1 · role: Post appointment overseas tax · hours: 2.1 · quote: Post appointment overseas tax | | 0.80 | 1.30 | | 2.10 | 752.00 | 358.10 · row kind: bucket · rate kind: average · name as stated: Post appointment overseas tax; fees: 30360 · rate: 340.36 · role: Post appointment VAT · hours: 89.2 · quote: Post appointment VAT | | 43.40 | 45.80 | | 89.20 | 30,360.00 | 340.36 · row kind: bucket · rate kind: average · name as stated: Post appointment VAT; fees: 2156 · rate: 280 · role: Agreement of preferential claims · hours: 7.7 · quote: Agreement of preferential claims | | | 7.70 | | 7.70 | 2,156.00 | 280.00 · row kind: bucket · rate kind: average · name as stated: Agreement of preferential claims; fees: 18200.75 · rate: 282.4 · role: Agreement of unsecured claims · hours: 64.45 · quote: Agreement of unsecured claims | | 15.70 | 48.75 | | 64.45 | 18,200.75 | 282.40 · row kind: bucket · rate kind: average · name as stated: Agreement of unsecured claims; fees: 21585.75 · rate: 296.1 · role: General correspondence · hours: 72.9 · quote: General correspondence | 2.00 | 7.50 | 63.40 | | 72.90 | 21,585.75 | 296.10 · row kind: bucket · rate kind: average · name as stated: General correspondence; fees: 1915 · rate: 455.95 · role: Legal claims · hours: 4.2 · quote: Legal claims | 1.50 | 1.30 | 1.40 | | 4.20 | 1,915.00 | 455.95 · row kind: bucket · rate kind: average · name as stated: Legal claims; fees: 533.5 · rate: 485 · role: Payment of dividends · hours: 1.1 · quote: Payment of dividends | | 1.10 | | | 1.10 | 533.50 | 485.00 · row kind: bucket · rate kind: average · name as stated: Payment of dividends; fees: 2182.5 · rate: 485 · role: Pre-appointment overseas tax · hours: 4.5 · quote: Pre-appointment overseas tax | | 4.50 | | | 4.50 | 2,182.50 | 485.00 · row kind: bucket · rate kind: average · name as stated: Pre-appointment overseas tax; fees: 2482 · rate: 227.71 · role: ROT Claims · hours: 10.9 · quote: ROT Claims | | | 10.90 | | 10.90 | 2,482.00 | 227.71 · row kind: bucket · rate kind: average · name as stated: ROT Claims · money: approximate: false · period: end: 2016-04-26 · kind: interim · quote: SIP 9 - Time costs analysis (27/10/2015 to 26/04/2016) · start: 2015-10-27 · approval: state: unstated · averages: · currency: code: GBP · quote: Time Cost (£) · invoices: · firm text: KPMG · firm quote: KPMG LLP, Saltire Court, 20 Castle Terrace, Edinburgh, EH1 2EG United Kingdom. · context quote: We have attached (Appendix 3) an analysis of the time spent, the charge-out rates for each grade of staff and the expenses paid directly by KPMG for the period from 27 October 2015 to 26 April 2016.
- recovery outcomeentries: basis: estimated · quote: It is highly unlikely that realisations from the sale of the two areas of land will exceed the £13.5 million the Pension Scheme is entitled to, therefore there will be no surplus funds available to TRP's other creditors. · pct of: unstated · outcome: nil · stated by: unstated · class label: other creditors (subordinate to Pension Scheme security) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: We expect TRP's preferential creditors to be paid in full. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: unstated · class label: Preferential creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: However, we intend to declare an interim dividend of least 15 pence in the pound by 30 June 2016, subject to obtaining consent of the Court to do so. · pct of: unstated · outcome: distribution · pct low: 15 · pct high: 15 · class key: unsecured · stated by: unstated · cumulative: false · class label: Unsecured creditors · interim final: interim · conditional on: subject to Court approval · cents on dollar: 15 · claims qualifier: unstated · stated on: 2016-06-08 · table missing: