Fw: RE: Townfield Land Investments
Bola Taylor
I got this response from Martin
Bola
--- On Wed, 6/4/08, Martin Madgwick <Martin....@tenongroup.com> wrote:
> From: Martin Madgwick <Martin....@tenongroup.com>
> Subject: RE: Townfield Land Investments
> To: bolat...@e-buildconsult.com
> Date: Wednesday, June 4, 2008, 9:04 AM
> Dear Bola
>
> Sorry for the delay in replying.
>
> I would reply to your queries as follows,
>
> Proof of debt - Please submit your claim indicating the
> full purchase
> price. I understand that the true value of the land is
> considerably less
> than what has been paid for, and I suspect it will prove
> very difficult
> to sell the land. At this stage please just complete the
> claim form, and
> if further detailed information is required we will request
> it in due
> course.
>
> Remuneration - The liquidators remuneration will be drawn
> from any
> assets that are recovered, on a time cost basis, if
> approved by the
> creditors. If no funds are recovered the liquidators time
> costs will not
> be paid, and will be written off. The creditors will not be
> asked to pay
> the costs of the liquidation.
>
> Attendance at meeting - I must inform you that it is not
> necessary for
> any creditor to attend the meeting it is a postal vote on
> the
> liquidators remuneration, no further information will be
> made available
> at that meeting. The liquidator will be sending to each
> creditor a
> report on the outcome of the meeting.
>
> If you have any other queries please send an email to me,
> as I have been
> inundated by creditors calling.
>
> Regards
> Martin Madgwick M.I.P.A
> Corporate Recovery and Insolvency Manager
>
> Tenon Recovery
> Tenon House
> Ferryboat Lane
> Sunderland
> SR5 3JN
>
> Telephone number - 0191 511 5000
> Fax number - 0191 511 5001
> Mobile number - 07800 617 413
>
> Email martin....@tenongroup.com
>
> Tenon recovery
> Tenon sponsors the National Business Awards.
>
> do you need to print this email? Please think of the
> environment
>
> Audit & Accounting - Corporate Finance - Financial
> Services - Recovery -
> Outsourcing - Tax
>
>
>
> -----Original Message-----
> From: Bola Taylor [mailto:bolat...@e-buildconsult.com]
> Sent: 28 May 2008 10:30
> To: Martin Madgwick
> Subject: Townfield Land Investments
>
> Hi Martin
>
> I got a letter in the last two weeks with reference
> 3030190/CWU.106B
> regarding Townfield land Investments and I need some
> clarification on
> the letter contents.
>
> The Proof of debt form that is to be filled by myself is
> not very clear
> as is it applicable to those who already have their title
> deeds or not?
> I have my title deeds and I am willing to get rid of them
> as soon as
> possible so I can get my money back from the results of
> this sale.
>
> Should I provide copies of my bank statements or the title
> deeds itself
> or the documentation that was used for the contract. Also,
> why are we
> responsible for you renumeration if the Insolvency service
> appointed you
> as the Official Liquidator in this matter? Is the
> renumeration going to
> be paid by ourselves upfront or will it tbe taken out of
> the company's
> current assets?
>
> If I am unable to attend, what are the implications? If its
> not too much
> to ask, could you please provide a copy of a sample
> completed form so
> that I will be able to complete and send back to you.
>
> Thank you
>
>
> Bola Taylor
>
>
>
>
>
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> Advice to clients on US Tax matters:
> Although it may not apply to this assignment, please note
> that, unless
> expressly stated otherwise, any written advice contained
> in, forwarded
> with, or attached to this communication is not intended or
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> cannot be
> used, by any person for the purpose of avoiding any US
> penalties that
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>
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> are
> appointed and act without personal liability.
>
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>
> A list of directors' names is open to inspection at the
> address below
> together with a list of appointment takers under the
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> 1986 and the professional bodies issuing their practising
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>
> Tenon Limited is Registered in England No 4066924
> Tenon Limited is part of Tenon Group Plc Registered in
> England No 3931297
>
> Registered Office 66 Chiltern Street, London, W1U 4GB
> **********************************************************************
Bola Taylor
Bola
--- On Thu, 6/5/08, Martin Madgwick <Martin....@tenongroup.com> wrote:
> From: Martin Madgwick <Martin....@tenongroup.com>
> Subject: RE: Townfield Land Investments
> To: bolat...@e-buildconsult.com
> Cc: "Buki Taylor" <buki_...@yahoo.co.uk>
> Date: Thursday, June 5, 2008, 4:16 AM
> Hi Bola
>
> Thank you for your email.
>
> At this stage we are uncertain what the potential assets
> are in this
> case, if any. The liquidator will obtain legal advice on
> this matter in
> due course.
>
> If no assets are recovered no creditors indeed Tenon will
> not be paid,
> however the DTI will still investigate the directors
> conduct, with a
> view in obtaining a disqualification order against the
> directors of
> Townfield.
>
> To be honest calling a general meeting of creditors at this
> stage will
> have little benefit, it will just increase the costs, which
> may not be
> paid back.
>
> If you have any other queries please drop me a line.
> Martin
>
> Thanx for the response. I wanted to ask a few questions
> though.
>
> 1.Do we already know of the assets that have been recovered
> from
> Townfield Land Investments and are we entitled to have that
> information?
>
> 2.Are you technically saying that if their assets recovered
> add up to
> nothing, you dont get paid, we dont get any money and also
> the directors
> of Townfield go scot free?
> 3.If we by divine intervention get all our money back, does
> this mean
> that the title deeds have to be sent back to the Land
> registry?
> 4. What options do we have legally in this issue regarding
> prosecuting
> the directors of Townfield?
>
>
> I think that we need to request you to call a general
> meeting of all the
> creditors of Townfield and make a decision after this
> meeting next week.
> I will be sending you my paperwork today.
>
> Thanx and awaiting your responses to this email
>
>
> Bola Taylor
sianl...@yahoo.co.uk
Ray
From: 'sianl...@yahoo.co.uk' via Townfield Land Investment
Sent: 19/05/2016 15:38
To: Townfield Land Investment
Subject: Re: Fw: RE: Townfield Land Investments
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KEITH WELLER
Sent from my iPhone
sianl...@yahoo.co.uk
Have a look at this developing group thread to note the detail from other members. Mr Akber's email is above, but read the rest.
It may take a while to gather the exact details regarding what is happening at Waveney.
Sian