CHANCERY DIVISION
MANCHESTER DISTRICT REGISTRY
1 Bridge Street West Manchester M60 9DJ |
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B e f o r e :
(Sitting as a Judge of the High Court)
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IN THE MATTER OF: LEYLAND PRINTING COMPANY LIMITED |
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(in administration) | ||
- and - | ||
LEYPRINT LIMITED | ||
(in administration) | Applicants |
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1st Floor, Quality House, 6-9 Quality Court, Chancery Lane, London WC2A 1HP
Telephone: 020 7067 2900 Fax: 020 7831 6864 DX: 410 LDE
Email: info@martenwalshcherer.com
Website: www.martenwalshcherer.com
MR. LOUIS DOYLE (instructed by Messrs. DWF LLP, Manchester) for the Members of both companies and Scenestock Limited
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Crown Copyright ©
HIS HONOUR JUDGE HODGE QC:
"In the circumstances it is just and equitable that the company should be wound up. The company is insolvent and unable to pay its debts when they fall due."
"… the court [would] consider those matters which constitute reasons why the company should be wound up compulsorily and those which constitute reasons why it should not. The court [would] carry out a balancing exercise, giving such weight to the various factors as was appropriate in the particular case".
MISS SANDBACH: We would propose to specifically provide that it is Ditchfield because of the ambiguity with the members. I raise it so that if my learned friend has any difficulty, that could perhaps be canvassed. It is contended that Ditchfield British Books Ltd. is the shareholder of both.
JUDGE HODGE: Is it the sole shareholder of both?
MISS SANDBACH: I understand that that is their position.
MR. DOYLE: My Lord, that is accepted.
JUDGE HODGE: It is just the sole shareholder of both?
MR. DOYLE: Yes.
JUDGE HODGE: Then the order should provide that.
Are there any other matters?
MISS SANDBACH: No.
MR. DOYLE: No.
JUDGE HODGE: Can I thank you both. What I am going to do is to keep the witness statements I have not already got on the court file. That can go back to Mr. Doyle and those two files can go back to Turner Parkinson behind Miss Sandbach.
If you could lodge an order to give effect to all that we have done ----
MISS SANDBACH: My Lord, yes.
MR. HODGE: ---- I would be very grateful.