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