Left click to view the Statement of Claim form or right click and then Save As to download it.The purpose of this site is to assist creditors of the company with formulating their claims in the liquidation of PR Realisation Limited. This site is only relevant to those who have had dealings with the company (formerly Powerhouse Retail Limited) before 20 August 2003.
The company went into administrative receivership on 20 August 2003 and Nicholas Dargan and Neville Kahn of Deloitte & Touche LLP, Athene Place, 66 Shoe Lane, London, EC4A 3BQ, were appointed Joint Administrative Receivers.
On 11 November 2003 the company went into Creditors Voluntary Liquidation and Allan Graham of KPMG LLP and Bob Bailey of Vantis were appointed Joint Liquidators.
The business was traded by the Joint Administrative Receivers from the date of their appointment, 20 August 2003, to 1 September 2003 and any queries relating to this period should be forwarded to the Receivers at the above address. The telephone number is 0207 7936 3000.
The Company’s business, but not its liabilities, was sold to PRG Powerhouse Limited (a subsidiary of Pacific Retail Group) on 2 September 2003. PRG Powerhouse Limited is in no way connected to or related to the company and has no legal obligation to creditors and customers of the company for transactions entered into before 2 September 2003.
PRG Powerhouse Limited went into administration on 1 August 2006 and its affairs are now being managed by BDO Stoy Hayward LLP, Kings Wharf, 20-30 Kings Road, Reading, Berkshire, RG1 3EX. Their telephone number is 0118 925 4480.
This web site will only be relevant to you if you fall into one or more of the following categories:
If you have not yet made a claim you should do so as soon as possible. Your claim must be in writing and include copies of supporting documentation. Below is a link where you can download a form on which to make your claim. Claims should be sent to Mr A Graham, KPMG LLP, Restructuring, 2 Cornwall Street, Birmingham, B3 2DL.
Left click to view the Statement of Claim form or right click and then Save As to download it.
If you made your original payment using a credit card or a finance agreement then you may be entitled to make a claim from the original issuer/provider of your credit card or finance company under the terms of the Consumer Credit Act. Contact details are normally provided on your monthly statements.
If your payment is refunded in full by the original issuer/provider of your credit card or finance company you will no longer have a claim against the company. You should be aware that the original issuer/provider of your credit card or finance company is entitled to make a claim in the liquidation in respect of any payment made to you under the terms of the Consumer Credit Act.
The joint liquidators are required by section 105 of the Insolvency Act 1986 to call a meeting of creditors at the end of the first year from the commencement of the liquidation and of each succeeding year. They are also required to report to the meeting on their acts and dealings and of the conduct of the liquidation during the preceding year.
Under section 4.59 of the Insolvency Rules 1986 the Court may order that notice of the meeting be given by public advertisement and not by individual notice to creditors.
In view of the nature of the company’s business there are potentially hundreds of thousands of consumer creditors for claims arising from the sale of goods and related warranty agreements. The cost of issuing a report to each of these creditors individually would be prohibitive.
Accordingly on 10 January 2005 the High Court in Birmingham ordered that the joint liquidators be at liberty not to send notices of creditors meetings to creditors whose claims are expected to be under £5,000. The Court also ordered that the information to be laid before each meeting of creditors should be made available on this website. Below is a link where you can download a copy of the annual report to all creditors and which has been sent to creditors whose claims are expected to exceed £5,000.
Left click to view the 2010 Annual Report or Right Click and then Save As to download the report. This file is approx 3Mb, which may take a few minutes to download via a modem.
To view the files indicated above you require Adobe Reader to be installed on your computer.
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Last updated: 3/03/10 . All Rights Reserved, 2002-2010.