2. CORPORATE HISTORY
Cape Calsil Limited was acquired on 24 June 1983 when Cape acquired 51% of its parent company Cape Specialist Coatings Limited (formerly called Hunting Painting Contractors Limited) (394232) (see page 137).
The remaining 49% was acquired by Cape with effect from 1 January 1988. Cape Calsil Limited is now a dormant wholly-owned subsidiary of Cape.
Since being 100% acquired by Cape, this company has not traded or had employees. Prior to this acquisition, it is understood that all activities carried out in the name of Cape Calsil Limited were performed by its parent company, Cape Specialist Coatings Limited.
3. INSURANCE
Cape Calsil Limited has not traded since its 100% acquisition by Cape. The insurance cover is not known.
Whether or not there was insurance in place for the period of your employment will determine to which meeting or meetings of Scheme Creditor you will be admitted for the purpose of voting on the Scheme proposals and your attention in this respect is drawn to paragraph 10 of Part 1 of Section A of this document.
If your Scheme Claim is not a claim capable of being covered by employers’ liability insurance you will be admitted solely to the meeting of General Scheme Creditors, unless as a commercial creditor you have contracted with a Scheme Company for asbestos stripping activity in the UK since 2003 in which case you are likely to be admitted to the meetings of both the General Scheme Creditors and Recourse Scheme Creditors.
4. PROFIT AND LOSS ACCOUNT TO 31 DECEMBER
Cape Calsil Limited was dormant throughout the three years ending 31 December 2004. Accordingly it did not prepare a profit and loss account for those years.
SCHEME CREDITORS ARE URGED TO READ THE GUIDANCE IN PART 7 OF SECTION A OF THIS DOCUMENT IN DETERMINING OF WHICH SCHEME COMPANY THEY MAY BE A CREDITOR AND INTO WHICH CLASS OF SCHEME CREDITOR THEY FALL.
APPENDIX III
5. SUMMARY BALANCE SHEET AS AT 31 DECEMBER
2004 2003 2002
£ £ £
NET ASSETS
Debtors: amounts owed by group undertakings 2 2 2
1111 1111 1111
2 2 2
3333 3333 3333
SHAREHOLDERS FUNDS
Called up share capital: 2 2 2
1111 1111 1111
2 2 2
3333 3333 3333
The company was dormant throughout the three years ended 31 December 2004 and the costs of administration were borne by Cape.
Provision for industrial disease liabilities
There is no provision for industrial disease liabilities in the balance sheet for Cape Calsil Limited.
6. SCHEME CLAIMS
In the event that claims are successfully brought against Cape Calsil Limited these claims are currently settled by other Scheme Companies. The Directors of those Scheme Companies have therefore included potential claims where relevant in their assessment of the range of the relevant Scheme Company’s potential liabilities.
Should claims arise against Cape Calsil Limited, and not be paid by other Group Companies, Cape Calsil Limited would have insufficient assets to meet its claims and consequently the Directors consider that the proposed Scheme is in the best interests of the current and future creditors of Cape Calsil Limited.
SCHEME CREDITORS ARE URGED TO READ THE GUIDANCE IN PART 7 OF SECTION A OF THIS DOCUMENT IN DETERMINING OF WHICH SCHEME COMPANY THEY MAY BE A
9: Cape Calsil Systems Limited
Company Registration Number: 3473691 1. OVERVIEW1.1 Former Names Date of incorporation or name change
Replyclaim Limited 28/11/1997
Cape Manufacturing Limited 12/05/1998
Cape Calsil Systems Limited 12/06/1998
1.2 Activities
Cape Calsil Systems Limited was the operating company for the building material manufacturing interests of Cape in the UK from 1998 to 2002.
1.3 UK Factories Approximate years
Germiston, Glasgow 1998 to 2002
Uxbridge, Middlesex 1998 to 2002
Washington, Tyne & Wear 1998 to 2002
Wellingborough, Northamptonshire 1998 to 2000
1.4 Intra-Group Arrangements
During the period set out below there may have been arrangements between Cape Calsil Systems Limited and the following company as a result of which Cape Calsil Systems Limited may be liable in relation to a claim made against the company.
Company Date of arrangements Page
Cape Building Products Limited 01/01/98 to Present 107
2. CORPORATE HISTORY
With effect from 1 January 1998 Cape Calsil Systems Limited acquired the business and assets of Cape Building Products Limited (508044) (see page 107) which had (possibly through certain intra-Group arrangements) carried out all the Group’s manufacturing activities in the UK since 1985. From 1 January 1998 there may have been such arrangements between Cape Building Products Limited and Cape Calsil Systems Limited.
Production ceased in Wellingborough in 2000. The Uxbridge factory ceased production in 2002 and its business transferred to companies in the Promat group together with operation of the Germiston factory. The Washington factory also ceased production in 2002 and the factory was sold to the Promat Group in 2004.
3. INSURANCE
An overview of the employers’ liability insurance for Cape Calsil Systems Limited is as follows:
Date1 Class of Scheme Creditor
1997 to 2002 Insurance Both
1Cover commences on 1 January and ceases on 31 December unless otherwise indicated.
Whether or not there was insurance in place for the period of your employment will determine to which meeting or meetings of Scheme Creditor you will be admitted for the purpose of voting on the Scheme proposals and your attention in this respect is drawn to paragraph 10 of Part 1 of Section A of this document.
If your Scheme Claim is not a claim capable of being covered by employers’ liability insurance you will be admitted solely to the meeting of General Scheme Creditors, unless as a commercial creditor you have contracted with a Scheme Company for asbestos stripping activity in the UK since 2003 in which case you are likely to be admitted to the meetings of both the General Scheme Creditors and Recourse Scheme Creditors.
SCHEME CREDITORS ARE URGED TO READ THE GUIDANCE IN PART 7 OF SECTION A OF THIS DOCUMENT IN DETERMINING OF WHICH SCHEME COMPANY THEY MAY BE A CREDITOR AND INTO WHICH CLASS OF SCHEME CREDITOR THEY FALL.
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