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The Postal Administration Rules 2013

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Moving from postal administration to creditors’ voluntary liquidation

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81.—(1) As soon as reasonably practicable after the day on which the registrar of companies registers the notice of moving from postal administration to creditors’ voluntary liquidation (sent by the postal administrator for the purposes of paragraph 83(3)), the person who at that point ceases to be the postal administrator must send a final progress report to—

(a)the registrar of companies; and

(b)all those who received notice of the postal administrator’s appointment.

(2) The postal administrator must comply with the requirement in paragraph (1) of this Rule whether they are the liquidator or not, and the final progress report must include details of the assets to be dealt with in the liquidation.

(3) For the purposes of paragraph 83(7)(a), a person shall be nominated as liquidator in accordance with the provisions of Rule 20(2)(l) or Rule 33(2)(g) and that person’s appointment takes effect, following registration under paragraph (1) of this Rule—

(a)by virtue of the postal administrator’s proposals or revised proposals; or

(b)where a creditors’ meeting is held in accordance with Rule 24, as a consequence of such a meeting.

(4) OFCOM must notify the Secretary of State before consenting to the postal administrator delivering a notice of moving from postal administration to creditors’ voluntary liquidation to the registrar of companies.

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