Información de pedigrí

Cape Industries Limited was based at Tolpits Lane, Watford prior to 1975. The head office then moved to Cape House, Watford.

Regional Office Locations

Cape Industries Limited operated at the following sites:

Atherstone, Warwickshire Chadwell Heath, Essex Glossop, Derbyshire Grimbsy, Lincolnshire Romford, Essex

2. CORPORATE HISTORY

Cape Industries Limited was the insulating contracting division of Plumefern Limited† (formerly called The Universal Asbestos Manufacturing Company Limited) (see page 179). Both of these companies were acquired by Cape in 1967. Cape Industries Limited continued to trade in its own right until 31 December 1971.

On 1 January 1972, Cape Industries Limited’s assets were transferred to Cape (see page 86) and until 31 December 1973 there may have been arrangements between Cape Industries Limited and Cape as a result of which Cape may be liable in relation to a claim made against Cape Industries Limited. On 31 December 1973 the relevant assets were then transferred from Cape to Somewatch Limited (296257) (see page 99) and the company became dormant.

On 1 January 1976, the fire protection, acoustic, heating and ventilation insulation and cold store installation businesses were transferred back to Cape Industries Limited.

On 1 January 1979, the fire protection and acoustic contracting businesses were transferred back to Somewatch Limited (296257).

On 1 January 1981, the heating and ventilation insulation businesses were transferred to Cape Mechanical Insulation Limited (1467357) (see page 133). The cold store business was transferred to Cape Universal Claddings Limited† (433147) (see page 170) on 1 January 1982 and Cape Industries Limited again became dormant.

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

3. INSURANCE

An overview of the employers’ liability insurance for Cape Industries Limited is as follows:

Date¹ Class of Scheme Creditor

1958 to 1971 Insurance Both

1972 to 30/06/1981 Insurance (fronting arrangement see page 45) Both

01/07/1981 to 1985 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.

4. PROFIT AND LOSS ACCOUNT TO 31 DECEMBER

Cape Industries Limited was dormant throughout the three years ended 31 December 2004. Accordingly it did not prepare a profit and loss account for those years.

5. SUMMARY BALANCE SHEET AS AT 31 DECEMBER

2004 2003 2002

£’000 £’000 £’000 NET ASSETS

Debtors: amounts owed by group undertakings 200 200 200

1111 1111 1111

200 200 200

3333 3333 3333

SHAREHOLDERS FUNDS

Called up share capital 200 200 200

1111 1111 1111

200 200 200

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 Industries 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

6. SCHEME CLAIMS

In the event that claims are successfully brought against Cape Industries 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 Industries Limited, and not be paid by other Group Companies, Cape Industries 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 Industries 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 CREDITOR AND INTO WHICH CLASS OF SCHEME CREDITOR THEY FALL.

APPENDIX III

16: Cape Insulation Limited

Company Registration Number: 676216

1. OVERVIEW

1.1 Former Names Date of incorporation or name change

Cape Insulation & Asbestos Products Limited 28/11/1960

Cape Insulation Limited 01/06/1966

1.2 Activities

Cape Insulation Limited took over the operation of the Acre Mill, Barking, Stirling and Kentmere factories from Cape in 1961. It operated Acre Mill and Kentmere until these factories closed, the Barking factory was sold in 1966 and the Stirling factory was sold in 1984. From 1964 to 1972 Cape Insulation Limited also undertook insulation contracting activities.

1.3 UK Factories Approximate years

Acre Mill, Hebden Bridge, West Yorkshire 1961 to 1970

Barking, Essex 1961 to 1966

Kentmere, Cumbria 1961 to 1985

Stirling, Scotland 1961 to 1984

Washington, Tyne & Wear 1980 to 1985

Cape Insulation Limited also operated at client sites.

2. CORPORATE HISTORY

Cape Insulation Limited was incorporated in 1960 and on 1 January 1961 Cape transferred the business of the manufacture and installation of insulation products at the Barking, Acre Mill, Kentmere and Stirling sites to Cape Insulation Limited.

On 1 January 1964 the contracting business of Somewatch Limited (then called Anderson Insulation Company Limited) (see page 99) was transferred to Cape Insulation Limited and thereafter in relation to the business there may have been arrangements between Cape Insulation Limited and Cape with the result that Cape may be liable in relation to a claim made against Cape Insulation Limited. There may also have been such arrangements between Cape Insulation Limited and Cape regarding the business of Marinite Limited which was transferred to Cape in 1965 and regarding the Belfast insulation business.

On 1 January 1973, the specialised insulation contracting business of Cape Insulation Limited was transferred back to Somewatch Limited.

In 1980 Cape Insulation Limited acquired a factory at Washington, Tyne & Wear. Prior to Cape Insulation Limited’s acquisition of the factory, it had been used to make containing products. No asbestos-containing products were made at the factory whilst it was owned or operated by any Group Company.

In December 1984 the Stirling rockwool insulation business was sold. In 1985 the Washington factory was transferred to Cape Building Products Limited (see page 107) and the company’s remaining business was closed.

The company has been dormant since 1985.

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

3. INSURANCE

An overview of the employers’ liability insurance for Cape Insulation Limited is as follows:

Date¹ Class of Scheme Creditor

Prior to 1966 No Insurance General only

1966 to 1971 Insurance Both

1972 to 30/06/1981 Insurance (fronting arrangement see page 45) Both

01/07/1981 to 1985 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.

4. PROFIT AND LOSS ACCOUNT TO 31 DECEMBER

Cape Insulation Limited was dormant throughout the three years ended 31 December 2004. Accordingly it did not prepare a profit and loss account for those years.

5. SUMMARY BALANCE SHEET AS AT 31 DECEMBER

2004 2003 2002

£’000 £’000 £’000 NET ASSETS

Debtors: amounts owed by group undertakings 2,062 2,062 2,062

1111 1111 1111

2,062 2,062 2,062

3333 3333 3333

SHAREHOLDERS FUNDS

Called up share capital 2,062 2,062 2,062

1111 1111 1111

2,062 2,062 2,062

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 Insulation 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 CREDITOR AND INTO WHICH CLASS OF SCHEME CREDITOR THEY FALL.

APPENDIX III

6. SCHEME CLAIMS

In the event that claims are successfully brought against Cape Insulation 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 Insulation Limited, and not be paid by other Group Companies, Cape Insulation 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 Insulation 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

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