Suppliers
Frequently asked questions for suppliers
What does ‘going into administration’ mean?
Going into administration means the company is being taken under the management of administrators who are licensed insolvency practitioners. The Joint Administrators assume control of the company from its current directors.
Administration is one of a number of insolvency processes and is intended to either:
- Rescue the company as a going concern (primary objective)
- Achieve a better result for creditors as a whole than in liquidation (if rescue is not possible); or
- Realise property to make a distribution to secured or preferential creditors (only if (1) and (2) are not reasonably practical).
What is an administrator?
An administrator is an officer of the Court and is qualified to manage the affairs of a business when it is insolvent. It is their role to take control of a company’s affairs when it is in financial difficulty and try to find a longer term solution for it.
The Joint Administrators act as agents of the company and without personal liability.
What has happened?
The Companies form part of a group of companies, headquartered in Burton-on-Trent, which are primarily engaged in the sale, servicing and repair of agricultural machinery, materials handling equipment and workplace storage solutions. As a result of difficult trading conditions over a prolonged period and inflationary cost pressure, the Companies had been pursuing opportunities to secure a long-term future through a sale of all or part of the businesses.
On appointment the Joint Administrators entered into contracts for the sale of Altegra Integrated Solutions Limited to Jofson North Limited and Altegra Access and Security Systems Limited to Dorwingcar Limited.
The transactions include the overall transfer of 88 employees based at Lopen Head Business Park. The sale does not include the transfer of the four employees of Altegra Integrated Solutions Limited based in other locations who were regrettably made redundant upon appointment and will be provided with the necessary support.
I am owed money. What notification will I receive?
The Joint Administrators will issue a letter to all known creditors of the Companies’ within 7 days of the Joint Administrators’ appointments. This letter will include details for creditors on how to make a claim in the administrations.
The Joint Administrators will produce a report to all known creditors and members within one week of the appointments. This report, known as the Joint Administrators’ proposals, will outline the steps taken by the Administrators to date and set out the strategy going forwards. It will be made available via upload to this website following the issue of the website notices alongside the initial creditors’ letters. This report will outline steps taken by the Joint Administrators since their appointments, detailed information on the proposed strategy for the administrations going forwards, including estimated returns for the various classes of creditor.
The Joint Administrators are also required to provide a written update on the administrations to all known creditors every six months. These reports will be published directly to the case website within one month of every six month anniversary.
I have goods on site. Can I get them back? (Retention of title)
If you believe you have a Retention of Title claim over goods or a claim over a leased asset that you have supplied to the Companies, please contact the Purchaser via your normal contact.
Our appointment means that you can’t start or continue legal action, enforce security, or repossess any goods held by the Companies unless we agree or the court allows it.
When will I get paid?
Payment for goods and services provided prior to the date of appointment will not be paid for as an expense of the administration estates.
All outstanding amounts at the date of the Joint Administrators’ appointment rank as an unsecured claim in the administrations.
At this stage, if your claim includes VAT, you may be able to obtain VAT bad debt relief six months after your supply.
Please contact the Company directly in relation to queries regarding continuation of supply.
Will you refund the costs incurred in preparing a claim?
We are unable to refund the costs in preparing a claim. Consequently, we cannot refund any expenses incurred in obtaining information necessary to make a claim.
For all other supplier queries, please email: uk_aas_suppliers@pwc.com or uk_ais_suppliers@pwc.com
