Creditors

We will write to all known creditors to provide formal notice of the Administrators' appointment and further details on the administration process. In addition, creditors may find the following information helpful.

Will I get paid for services or goods I have already provided?

The Companies are insolvent and unable to pay for any goods or services provided prior to the administration. Any monies owed by the Companies rank as an unsecured claim in the administration.

We request that creditors send details of the amounts due to them, including any un-invoiced amounts, to the relevant company’s trading address, as usual. The Administrators will invite creditors to submit claims in due course.

What is the likely return to unsecured creditors?

We have a duty to report to creditors within eight weeks of our appointment to provide a ‘statement of proposals’, including an estimate of any likely dividend. The amount of any such dividend will depend on a number of factors, including asset realisations and the overall level of claims received.

What should I do if I have any further queries?

Please contact our creditor helpline on 020 7213 3362.

Information and notices by company

David Matthew Hammond, Anthony Steven Barrell, Robert Jonathan Hunt and Ian David Green were appointed as Joint Administrators of Caparo Industries plc on 19 October 2015.

David Matthew Hammond, Anthony Steven Barrell and Robert Jonathan Hunt were appointed as Joint Administrators of Caparo Engineering Limited on 19 October 2015.

David Matthew Hammond and Anthony Steven Barrell were appointed as Joint Administrators of Bridge Aluminium Limited, Material Measurements Limited and GW 957 Limited on 19 October 2015.

David Matthew Hammond, Anthony Steven Barrell, Robert Jonathan Hunt and Ross David Connock were appointed as Joint Administrators of Caparo Steel Products Limited on 19 October 2015.

David Matthew Hammond, Anthony Steven Barrell and Ross David Connock were appointed as Joint Administrators of Caparo Precision Strip Limited and Caparo Precision Tubes Limited on 19 October 2015.

David Matthew Hammond, Anthony Steven Barrell, Robert Jonathan Hunt and Stephen Arthur Cave were appointed as Joint Administrators of Caparo Vehicle Products Limited on 19 October 2015.

David Matthew Hammond, Anthony Steven Barrell and Stephen Arthur Cave were appointed as Joint Administrators of Caparo Vehicle Technologies Limited, Caparo Modular Systems Limited, Caparo Atlas Fastenings Limited, Caparo Tube Components 2 Limited, Caparo Tube Components Limited, Caparo Accles & Pollock Limited and Caparo Advanced Composites Limited on 19 October 2015.

Each of the Joint Administrators were appointed to manage the affairs, business and property of the respective companies as their agents and without personal liability.

David Matthew Hammond, Anthony Steven Barrell, Robert Jonathan Hunt, Ross David Connock and Ian David Green are licensed in the United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales. Stephen Cave is licensed to act as an Insolvency Practitioner in the United Kingdom. The licence is granted in Ireland by the Chartered Accountants Regulatory Board.

The Joint Administrators are bound by the Insolvency Code of Ethics which can be found at: https://www.gov.uk/government/publications/insolvency-practitioner-code-of-ethics

The Joint Administrators are Data Controllers of personal data as defined by the Data Protection Act 1998. PricewaterhouseCoopers LLP will act as Data Processor on their instructions. Personal data will be kept secure and processed only for matters relating to the Administration.

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