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Zestdew Limited (in administration)

This site provides information regarding the progress of the administration of Zestdew Limited ("Zestdew").

Zestdew entered administration on 29 October 2008. The current Joint Administrators are AV Lomas, SA Pearson, JG Parr and GE Bruce. The Joint Administrators manage Zestdew’s affairs, business and property as agents without personal liability. All the Joint Administrators (the “Administrators”) are licensed in the United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales.

AV Lomas, SA Pearson, JG Parr and GE Bruce 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.

Zestdew Claim Submission Information

The Administrators applied to Court for permission for Zestdew to become a distributing administration. That permission was granted on 24 June 2013, and Zestdew now has a formal legal process for agreeing creditors’ claims. Therefore, we have provided a Zestdew Statement of Claim form which can be downloaded here, and we encourage all creditors to submit their claims in short order. The Administrators request that all claimants use this form for consistency, and all claims should be submitted with full supporting documentation. Please execute your Statement of Claim and upload as a PDF and email to the following address: Lehman.affiliates@uk.pwc.com.

Updates

Court approval for the Administrators' proposed disposal of the assets

 

Notice of Declaration of Third and Final Dividend dated 16 September 2015

On 16 September 2015, pursuant to Rule 2.98 of the Insolvency Rules 1986, the Joint Administrators declared and paid a third and final dividend of 4.94 pence in the pound to all unsecured creditors whose claims have been admitted for dividend purposes. A copy of the Notice to all creditors who have proved their debt is available here.

Notice of Intended Dividend dated 18 August 2015

Based on current information, the Administrators are of the view that there are sufficient realisations to allow a third and final distribution to be made to unsecured creditors. The Administrators issued a Notice of Intended Dividend to all known creditors who have not yet proved their debt stating a last date for proving of Wednesday 9 September 2015. A third and final dividend will be paid within 2 months of that date to creditors with agreed claims. A copy of the Notice is available here.

Notice of Declaration of Dividend dated 12 December 2014

On 12 December 2014, pursuant to Rule 2.98 of the Insolvency Rules 1986, the Joint Administrators declared and paid a second interim dividend of 14.4 pence in the pound to all unsecured creditors whose claims have been admitted for dividend purposes. Further dividends are anticipated, though the timing and quantum is uncertain at present. A copy of the Notice to all creditors who have proved their debt is available here.

Notice of Intended Dividend dated 14 November 2014

Based on current information, the Administrators are of the view that there are sufficient realisations to allow a second distribution to be made to unsecured creditors. The Administrators issued a Notice of Intended Dividend to all known creditors who have not yet proved their debt stating a last date for proving of Friday 5 December 2014. A second dividend will be paid within 2 months of that date to creditors with agreed claims. A copy of the Notice is available here.

Notice of Declaration of a Dividend dated 23 September 2013

On 23 September 2013, pursuant to Rule 2.98 of the Insolvency Rules 1986, the Joint Administrators declared and paid a first interim dividend of 1.75 pence in the pound to all unsecured creditors whose claims have been admitted for dividend purposes. Further dividends are anticipated, though the timing and quantum is uncertain at present. A copy of the Notice to all creditors who have proved their debt is available here.

Notice of Intended Dividend dated 31 July 2013

Based on current information, the Administrators are of the view that there are sufficient realisations to allow a first distribution to be made to unsecured creditors. The Administrators issued a Notice of Intended Dividend to all known creditors who have not yet proved their debt stating a last date for proving of Friday 30 August 2013. A first dividend will be paid within 2 months of that date to creditors with agreed claims. A copy of the Notice is available here.

Application to extend the Administration

The Joint Administrators made an application to the High Court on 30th October 2014 to extend the Administrators’ term of office by a further 12 months to 30 November 2015. A copy of the Order can be found here.

Progress reports

Creditors are updated on the progress of the administration of Zestdew through the Administrators' six monthly progress reports and via this website. We encourage creditors who believe they may be entitled to claim against Zestdew to continue to check this website for relevant information.

Pursuant to Rule 2.47 of the Insolvency Rules 1986, the Administrators' progress reports issued to date have been sent to all known creditors and counterparties. Each report provides an account of the steps that have been taken in the administration of Zestdew over a six month period. To view the past reports please click on the applicable link below:

Progress reports 2008 to 2012

Contacts

If you have any queries in relation to Zestdew's administration, please send an email to Lehman.affiliates@uk.pwc.com.

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