Peter Kubik and Michael Kiely of UHY Hacker Young LLP were appointed Joint Receivers and Managers on 1 July 2017 by an order of the High Court dated 14 June 2017. This appointment is not an appointment under insolvency legislation.
The requirement for protection arose out of a dispute affecting the Company but to which it is not a party. BC Softwear Limited is not insolvent. It is anticipated that, once the dispute is resolved, the Court will order that the receivership shall end. At that point, the full management of the Company will be returned to the directors in office in the normal way.
In the meantime, the joint receivers and managers have appointed Barbara Cooke to act as general manager in relation to certain day-to-day oversight of the business. The Company is continuing to trade as normal and customers will experience no disruption to their supplies. Likewise the Company is continuing to place orders and payments to suppliers will continue to be met in the usual manner.
This statement is made to comply with statutory requirements. Anyone having any queries in relation to it are asked to address them, initially, to Jenny Poleykett at UHY Hacker Young who can be contacted by e mail by following this link or telephoned on 020 7216 4600.