Voluntary Administration, transitioned to a Creditors Voluntary Liquidation
Appointment Date of Administration
19 July 2022
Appointment Date of Liquidators
23 August 2022
Andrew MacNeill and Justin Howlett
SMB Advisory Contact
On 19 July 2022, Andrew MacNeill and Justin Howlett were appointed as Joint and Several Voluntary Administrators of Power Club Limited in its own right, and as Trustee for the Power Club Powerbank Trust.
At the first meeting of creditors held on 29 July 2022, the appointment of the Administrators was ratified and a Committee of Inspection (COI) was not appointed.
At the second meeting of creditors held on 23 August 2022, creditors resolved that the Company be wound up, and accordingly Andrew MacNeill and Justin Howlett were appointed as Joint and Several Liquidators of Power Club Limited in its own right, and as Trustee for the Power Club Powerbank Trust.
A detailed report on the Liquidators’ investigations and the progress of the Liquidation has been issued to creditors on 23 November 2022, and is available for download below.
Creditors and member communication
Information and circulars.