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Q: Tracking a defunct UK company (vanished in 1997) ( Answered 5 out of 5 stars,   1 Comment )
Question  
Subject: Tracking a defunct UK company (vanished in 1997)
Category: Business and Money
Asked by: oraccomp-ga
List Price: $20.00
Posted: 03 Jul 2005 11:18 PDT
Expires: 02 Aug 2005 11:18 PDT
Question ID: 539595
I need to know the exact date and time that "F1 Retail Holdings PLC"
was wound up, called the receiver or whatever they did that caused my
shares to become worthless. ANY info on what happened to the assets
would be useful too. It was a UK company and it vanished or died or
disintergrated or imploded on or about 7th February 1997. If I can get
the exact circumstances I may get some of my money back and that means
a BIG tip!! ANSWERERS - DON'T lock this question and freeze out others
whilst you think about it. Last question locked for 34 HOURS and NO
answer.

Request for Question Clarification by scriptor-ga on 03 Jul 2005 12:39 PDT
Dear oraccomp,

It is not much I could find. Therefore, I prefer to ask you whether
that information is useful for you before I post an answer:

F1 Retail Holdings Plc got an Administrative Receiver on 9 October
1997. The Receiver was appointed by Barclays Bank Plc, and the
Administrative Receiver was KPMG. This is documented in the official
list of Administrative Receiverships in UK, 01/01/97 to 31/12/97:
http://web.archive.org/web/20041019224715/www.gazette.co.uk/rec/recsum97.htm
(this is an archived version of the list since the original site seems
to suffer from technical problems at the moment)

In case you are looking for KMPG who did the Receivership, here they are:
http://www.kpmg.co.uk/

Apart from that, there seems to be nothing available online. Is this
information of any use for you?
Regards,
Scriptor

Clarification of Question by oraccomp-ga on 03 Jul 2005 14:16 PDT
Hi Scriptor. The info is a good start. I had thousands of shares and
found out TODAY that they are worthless. Someone must have had the
assets. Someone must have "received" the company. I need a little more
definition. I had a closure date of Feb 1997, why would it appear as
Oct 1997? Did it start administration in Feb and be found to be dead
in October? Sorry! It's a lot of money to not now have as a safeguard.
(Added to my looted pension and my appalling choice of Planestation,
BTR and EuroDisney, I must be the worst punter after the McDonalds man
(Koch?). Thank you. Dave.

Request for Question Clarification by scriptor-ga on 03 Jul 2005 14:38 PDT
That is indeed a most unpleasant situation you are in. At the moment,
there is not much I can do. The UK database of registered companies is
available during the agency's office hours only, so I must wait until
tomorrow before I can see what information they have.

Since you are affected personally by what happenened with F1 Retail
Holdings, you may want to contact their Administrative Receiver and
inquire for detailed information. If anyone knows what happened with
that company, the assets and the shares, it must be them:

KPMG Corporate Recovery
UK Head Office
8 Salisbury Square 
London 
EC4Y 8BB
United Kingdom
--
Phone: +44(0)20-7311-1000 
Fax: +44(0)20-7311-3311

If can can find any additional information, I will let you know.
Regards,
Scriptor
Answer  
Subject: Re: Tracking a defunct UK company (vanished in 1997)
Answered By: scriptor-ga on 04 Jul 2005 12:23 PDT
Rated:5 out of 5 stars
 
Dear Dave,

Here is all information on F1 Retail Holdings Plc and its insolvency
that is available from Companies House, the British government agency
responsible for dealing with companies' affairs; please note that in
the Insolvency History.:


-- COMPANY DETAILS --

Name & Registered Office:
F1 RETAIL HOLDINGS PLC
KPMG AQUIS COURT
31 FISHPOOL STREET
ST ALBANS
HERTFORDSHIRE AL3 4RF
Company No. 03213194

Status: Dissolved 01/05/2001 
Date of Incorporation: 12/06/1996 
Country of Origin: United Kingdom

Company Type: Public Limited Company
Nature of Business (SIC(92)):
7484
	
Accounting Reference Date: 30/06
Last Accounts Made Up To:  (NONE AVAILABLE)
Next Accounts Due: 12/01/1998
Last Return Made Up To: 12/06/1997
Next Return Due: 10/07/1998 
	
Last Members List: 12/06/1997
Last Bulk Shareholders List: 12/06/1997

Previous Names:	
Date of change	Previous Name	
08/08/1996	    DAVIS WENTWORTH PLC



-- INSOLVENCY HISTORY --

Case Type:	ADMINISTRATIVE RECEIVER	
Appointment Date:	09/10/1997	
Instrument Date:	14/05/1997	
Ceased to Act:	01/08/2000



-- ADMINISTRATIVE RECEIVER DETAILS --

Practitioner name:	JEFFERY, PAUL FRANCIS	
Ceased to Act:	01/08/2000	
Practitioner address:	
KPMG
PO BOX 730
20 FARRINGDON STREET
LONDON
EC4A 4PP

Practitioner name:	THOMPSON, ANTHONY BRITTAIN	
Ceased to Act:	01/08/2000	
Practitioner address:	
PO BOX 730
20 FARRINGDON STREET
LONDON
EC4A 4PP



This is, as I said at the beginning, all that is available online. You
can order a few additional information (scanned company documents)
from Companies House, but that service is fee-based:
http://wck2.companieshouse.gov.uk/43a4c545e0ff9d11a7c96ab016ab6061//wcprodorder


It is not much, but it is all the sources available to the public can
provide. I nevertheless hope that this data will be helpful for you.

Best regards,
Scriptor
oraccomp-ga rated this answer:5 out of 5 stars and gave an additional tip of: $10.00
I think what you provided is the best I'm going to get. I've written
to KPMG so there may be a light on the horizon! Now then; If I had got
back my invested capital, I would have paid a nice bonus! As I'm now
skint I can only be minimalist! Thanks for your help. Dave.

Comments  
Subject: Re: Tracking a defunct UK company (vanished in 1997)
From: czh-ga on 03 Jul 2005 13:24 PDT
 
Dear oraccomp-ga,

You said: "ANSWERERS - DON'T lock this question and freeze out others
whilst you think about it. Last question locked for 34 HOURS and NO
answer."

I'm currently working on a question that I've had locked for a couple
of days. I'm not just thinking about it. It's a tough question and
requires a lot of digging. The more I've dug, the more new angles I've
found. The customer will get a good answer. Since they didn't say
there was a time limit, I haven't been concerned because it's taking
me several days -- I have to eat and sleep too. ;-)

I'm glad you indicated that you want an answer quickly. Customers
frequently set explicit deadlines. This is very helpful. I've seen
questions where there was no hint of a deadline and then the customer
dinged the researcher for taking too long. In other situations,
several different researchers had the question locked in quick
succession. Each had to do the basic research only to come to the
conclusion that the question was not answerable. Frequently,
researchers ask for clarification but don't get a response for days,
or ever.

As you can see, the Google Answers mechanisms sometimes lead to
questions taking longer to get answered than you, the customer, think
is reasonable. Believe me, researchers want to provide quick answers.
There is ample evidence that some questions get answered almost
instantly. Each case is different. It's very helpful if you tell us
what research you've completed when the search is a tough one. The
more you can tell us, the better we'll be able to guage whether an
answer is possible.

As a fairly frequent customer, I hope we can keep you happy and make
the experience better and better as you develop your own toolbag for
getting the best possible answers to suit your specific situation.
We're all learning together.

All the best.

~ czh ~

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