Ontario · Receivership (court-appointed)
Third Progress Report of the Joint Administrators - 12/5/2016
Court officer report · 5 December 2016
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What we verified from this filing2 verified
- fee scheduleengagements: form: time_summary · rows: fees: 10282 · role: Legal claims · hours: 26.1 · quote: Legal claims | | 14.80 | 11.30 | | 26.10 | 10,282.00 | 393.95 · row kind: bucket · rate kind: average · name as stated: Legal claims; fees: 33836.25 · role: Payment of dividends · hours: 80.6 · quote: Payment of dividends | 0.90 | 59.50 | 20.20 | | 80.60 | 33,836.25 | 419.80 · row kind: bucket · rate kind: average · name as stated: Payment of dividends; fees: 896 · role: ROT Claims · hours: 3.2 · quote: ROT Claims | | | 3.20 | | 3.20 | 896.00 | 280.00 · row kind: bucket · rate kind: average · name as stated: ROT Claims; fees: 30822 · role: Statutory reports · hours: 70 · quote: Statutory reports | 35.60 | 7.70 | 26.70 | | 70.00 | 30,822.00 | 440.31 · row kind: bucket · rate kind: average · name as stated: Statutory reports; fees: 3674.25 · role: Agreeing employee claims · hours: 10.45 · quote: Agreeing employee claims | | 3.65 | 6.80 | | 10.45 | 3,674.25 | 351.60 · row kind: bucket · rate kind: average · name as stated: Agreeing employee claims; fees: 72890.5 · role: Correspondence · hours: 267 · quote: Correspondence | | 16.60 | 250.40 | | 267.00 | 72,890.50 | 273.00 · row kind: bucket · rate kind: average · name as stated: Correspondence; fees: 392 · role: DTI redundancy payments service · hours: 1.4 · quote: DTI redundancy payments service | | | 1.40 | | 1.40 | 392.00 | 280.00 · row kind: bucket · rate kind: average · name as stated: DTI redundancy payments service; fees: 1900 · role: Pension funds · hours: 4.6 · quote: Pension funds | 2.40 | | 2.20 | | 4.60 | 1,900.00 | 413.04 · row kind: bucket · rate kind: average · name as stated: Pension funds; fees: 4545.75 · role: Pensions reviews · hours: 15.9 · quote: Pensions reviews | | 0.75 | 15.15 | | 15.90 | 4,545.75 | 285.90 · row kind: bucket · rate kind: average · name as stated: Pensions reviews; fees: 168 · role: Cash and investments · hours: 0.6 · quote: Cash and investments | | | 0.60 | | 0.60 | 168.00 | 280.00 · row kind: bucket · rate kind: average · name as stated: Cash and investments; fees: 14250.25 · role: Debtors · hours: 43.25 · quote: Debtors | 4.40 | 5.15 | 33.70 | | 43.25 | 14,250.25 | 329.49 · row kind: bucket · rate kind: average · name as stated: Debtors; fees: 25798.75 · role: Freehold property · hours: 57.85 · quote: Freehold property | 18.30 | 31.85 | 7.70 | | 57.85 | 25,798.75 | 445.96 · row kind: bucket · rate kind: average · name as stated: Freehold property; fees: 19263.5 · role: Health & safety · hours: 60.3 · quote: Health & safety | | 17.05 | 43.25 | | 60.30 | 19,263.50 | 319.46 · row kind: bucket · rate kind: average · name as stated: Health & safety; fees: 17484.5 · role: Other property · hours: 35.9 · quote: Other property | 2.10 | 33.80 | | | 35.90 | 17,484.50 | 487.03 · row kind: bucket · rate kind: average · name as stated: Other property; fees: 754 · role: Open cover insurance · hours: 2.4 · quote: Open cover insurance | | 0.40 | 2.00 | | 2.40 | 754.00 | 314.17 · row kind: bucket · rate kind: average · name as stated: Open cover insurance; fees: 776 · role: Other assets · hours: 1.6 · quote: Other assets | | 1.60 | | | 1.60 | 776.00 | 485.00 · row kind: bucket · rate kind: average · name as stated: Other assets; fees: 28789 · role: Plant and machinery · hours: 60.8 · quote: Plant and machinery | 5.70 | 50.30 | 4.80 | | 60.80 | 28,789 | 473.50 · row kind: bucket · rate kind: average · name as stated: Plant and machinery; fees: 504 · role: Vehicles · hours: 1.8 · quote: Vehicles | | | 1.80 | | 1.80 | 504.00 | 280.00 · row kind: bucket · rate kind: average · name as stated: Vehicles; fees: 1261 · role: Cash & profit projections & strategy · hours: 2.6 · quote: Cash & profit projections & strategy | | 2.60 | | | 2.60 | 1,261.00 | 485.00 · row kind: bucket · rate kind: average · name as stated: Cash & profit projections & strategy; fees: 31469 · role: Purchases and trading costs · hours: 106.5 · quote: Purchases and trading costs | 5.50 | 7.10 | 93.90 | | 106.50 | 31,469.00 | 295.48 · row kind: bucket · rate kind: average · name as stated: Purchases and trading costs; fees: 550355.25 · hours: 1612.65 · quote: Total in period | 116.80 | 459.90 | 1,035.95 | 0.00 | 1,612.65 | 550,355.25 | 341.27 · row kind: subtotal · rate kind: average · name as stated: Total in period · money: fees: quote: 1,612.65 550,355.25 · amount: 550355.25 · approximate: false · period: end: 2016-10-26 · kind: invoice · label: SIP 9 period · quote: SIP 9 period time (SIP 9 period start date to SIP 9 period end date) · start: 2016-04-27 · approval: state: unstated · averages: rate: 341.27 · quote: Total in period | 116.80 | 459.90 | 1,035.95 | 0.00 | 1,612.65 | 550,355.25 | 341.27 · scope: Total in period · currency: code: GBP · quote: 550,355.25 · invoices: · firm text: KPMG LLP · firm quote: KPMG LLP · hours total: quote: Total in period | 116.80 | 459.90 | 1,035.95 | 0.00 | 1,612.65 | 550,355.25 | 341.27 · value: 1612.65 · 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 April 2016 to 26 October 2016.; form: prose · rows: · money: fees: quote: time costs of £3,271,666.50 (plus VAT) · amount: 3271666.5 · approximate: false · period: end: 2016-04-26 · kind: interim · quote: incurred during the period from 27 April 2015 to 26 April 2016 · start: 2015-04-27 · approval: state: unstated · averages: · currency: code: GBP · quote: £3,271,666.50 · invoices: · context quote: the Joint Administrators may draw remuneration equal to time costs of £3,271,666.50 (plus VAT), incurred during the period from 27 April 2015 to 26 April 2016; · firm unverified: true
- recovery outcomeentries: basis: estimated · quote: As 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, there will be no surplus funds available to TRP's other creditors. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: Secured creditors (Pension Scheme) · creditor name: Pension Scheme · interim final: unstated · claims qualifier: unstated; basis: actual · quote: This represents a dividend of 100p in the £. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: preferred · stated by: receiver · class label: Preferential creditors · interim final: unstated · claims qualifier: unstated; basis: actual · quote: On 24 June 2016, the Joint Administrators facilitated an interim dividend to unsecured creditors of 20.1p per £1 of agreed claim. · pct of: unstated · outcome: distribution · pct low: 20.1 · pct high: 20.1 · class key: unsecured · stated by: receiver · cumulative: false · class label: Unsecured creditors · interim final: interim · claims qualifier: unstated; basis: unstated · quote: The final quantum and timing of the dividend is wholly dependent upon final asset realisations and the cost of the administration process. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: receiver · class label: Unsecured creditors · interim final: unstated · conditional on: dependent on final asset realisations and the cost of the administration process · claims qualifier: unstated · stated on: 2016-12-05 · table missing: