Decision details
Marketing Gloucester Ltd – Liquidator Fees Approval Process
Decision Maker: Head of Paid Service
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
To authorise the Monitoring Officer to
complete and return the voting form to approve the liquidators fee
for preparing the statement of affairs, remuneration of the
liquidators be agreed on a time cost basis in accordance with the
fee estimate and that the liquidators be authorised to draw down
Category 2 disbursements. Also that there was no requirement from
the Council for a Creditors Committee to be established as there
was no benefit in doing so.
Decision:
To authorise the Monitoring Officer to complete and return the voting form to approve the liquidators fee for preparing the statement of affairs, remuneration of the liquidators be agreed on a time cost basis in accordance with the fee estimate and that the liquidators be authorised to draw down Category 2 disbursements. Also that there was no requirement from the Council for a Creditors Committee to be established as there was no benefit in doing so.
Reasons for the decision:
To progress the liquidation.
Alternative options considered:
There were no viable alternative options.
Interests and Nature of Interests Declared:
None
Publication date: 08/06/2021
Date of decision: 27/05/2021