AGREEMENT FOR SALE OF
BUSINESS AS GOING CONCERN
(1) Timtec International
Limited (in administration)
(2) Leadsmart Limited
(3) ▇ ▇ ▇▇▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Lincoln House
▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇
▇▇▇▇▇▇ ▇▇▇ ▇▇▇
(Tel: ▇▇▇▇ ▇▇▇ ▇▇▇▇)
(Fax: ▇▇▇▇ ▇▇▇ ▇▇▇▇)
(OX: tOE 0041)
AGREEMENT FOR SALE OF BUSINESS AS GOING CONCERN
THIS AGREEMENT is made on the date specified in the First Schedule and between
the parties specified and identified in the First Schedule
WHEREAS
A. The Vendor carries on or has carried on the Business at the Premises.
B. The Vendor and the Purchaser have therefore agreed to transfer the
Assets to the Purchaser with effect from the Transfer Date on the terms
and conditions of this Agreement.
C. The Purchaser enters into this Agreement having made such inspection of
the Assets as the Purchaser thinks fit on the basis of a purchase by it
of the Assets in their present state and condition and in full
knowledge and acceptance of the terms and conditions of this Agreement.
NOW IT IS HEREBY AGREED as follows:
1. INTERPRETATION
1.1 In this Agreement the following expressions shall unless the context
otherwise requires have the following meanings:
1.1.1 "the Assets" means all the Vendor's right title and interest in all and
any of:
1.1.1.1 the Business Contracts
1.1.1.2 the Equipment
1.1.1.3 the Goodwill
1.1.1.4 the Intellectual Property
1.1.2 "Book Debts" means the book debts as at the Transfer Date accrued due
to the Vendor from Customers or others and whether or not the same
shall have fallen due for payment as at the Transfer Date
1.1.3 "the Business" means the trade or business of the Vendor described in
the First Schedule
1.1.4 "the Business Contracts" means (subject to the terms of this Agreement)
the benefit and burden of:
1.1.4.1 those agreements short particulars of which are set out in the Third
Schedule; and
1.1.4.2 all agreements (written or oral) remaining to be fulfilled (in whole or
in part) as at the Transfer Date and which agreements were made between
the Vendor (or another on behalf of the Vendor) and a third party
related to the Business and being:
1.1.4.2.1 agreements with Customers for the supply of goods and/or services, and
1.1.4.2.2 agreements with Suppliers for the supply of goods and/or services to
the Business.
1.1.5 "Completion" means the actual completion of the sale and purchase
hereby agreed
1.1.6 "Completion Date" means the date fixed for Completion which date is so
specified in the First Schedule
1.1.7 "Customers" means customers of the Business.
1.1.9 "the Employees" means the employees of the Vendor as act the Transfer
Date.
1.1.10 "the Equipment" means all the Vendor's right title and interest in the
equipment, plant and machinery in or about the Premises on the Transfer
Date and which are as at the Transfer Date in the ownership of the
Vendor or subject to any of the Finance Agreements or Third Party
Claims and which Equipment is specified in Part I of the Second
Schedule
1.1.11 "Finance Agreements" means the hire purchase, conditional sale,
leasing, lease purchase, hire or rental agreements affecting any of the
Assets
1.1.12 "the Goodwill" means the following rights which shall be exclusive to
the Purchaser insofar as the Vendor can grant such exclusivity:
1.1.12.1 the goodwill and connection of the Business; and
1.1.12.2 the right to represent the Purchaser as carrying on the Business in
succession to the Vendor; and
1.1.12.3 the right to use the Trade Name; and
1.1.12.4 the right to use the Information for the purposes of the Business
1.1.13 "the Information" means all records of the Business relating to
Customers and Suppliers and all sales literature and literature of a
technical nature (but excluding such records as the Vendor shall
require to retain in connection with the Book Debts)
1.1.14 "the Intellectual Property" means all the Vendor's right title and
interest in any inventions, patents, registered designs, trade and any
of the foregoing together with any licences, copyrights (or equivalent
or similar rights or protections), know-how, trade secrets, research
and development IN FORMATION1 design STANDARDS, specifications,
computer software, calculations, formulae, confidential data,
designations and rights UNDER ARTY INTERNATIONAL convention for
protection of any of the FOREGOING and any licences or consents granted
to the Vendor in respect of any of the foregoing (save to the extent
that any such are included within the Business Contracts assigned to
the Purchaser hereunder) PROVIDED THAT in respect of any of the
foregoing the same is held and used by the Vendor in connection with
the Business as at the Transfer Date
1.1.15 "the Premises" means all those premises described or identified in the
First Schedule
1.1.16 "the Purchase Price" means the consideration calculated in accordance
with clause 4
1.1.17 "the Purchaser' means the Purchaser identified in the First Schedule
1.1.18 "Suppliers" means suppliers or contractors who supply goods and/or
provide services to the Business
1.1.19 "Third Party Claims" means all or any existing or future claims by or
on behalf of any third party to any items which at the Transfer Date
are in the possession or control of the Vendor and including claims by
Suppliers to retention of title and third party liens
1.1.20 "Trade Name" means the name so specified in the First Schedule
1.1.21 "the transfer Date" means opening of business on the date identified
as the Transfer Date in the First Schedule
1.1.22 "the VAT Act" means the Value Added Tax ▇▇▇ ▇▇▇▇
1.1.23 "the VENDER SOLICITORS" MEANS THE VENDOR IDENTIFIED IN THE FIRST
SCHEDULE
1.1.24 "the Vendor's Solicitors" means ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ of ▇▇▇▇▇▇▇
▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇
1.1.25 "the 1981 regulations" means the Transfer of Undertakings (Protection
of Employment) Regulations 1981
1.2 The headings are inserted for convenience only and shall not affect the
construction of this document.
1.3 Where any party hereto consists of two or more persons or entities then
any agreement or covenants on their part shall be deemed to be joint
and several.
1.4 References in this Agreement to any party shall include their
respective heirs successors in title permitted assigns arid personal
REPRESENTATIVES AND THIS AGREEMENT shall be binding UPON AND INURE to
the benefit of the parties and their respective successors.
1.5 In this Agreement the singular includes the plural and vice versa and
any gender includes any other gender and the neuter.
1.6 Reference to any statute or statutory provision includes a reference to
the statute or statutory provision as from time to time amended
extended or re-enacted.
1.7 References to clauses, paragraphs or schedules are references to those
clauses, paragraphs or schedules in this Agreement. This Agreement
shall be read with the Schedules to it which shall be deemed
incorporated.
2. SALE OF ASSETS
2.1 The Vendor shall sell and the Purchaser shall purchase the Assets with
effect of the Transfer Date.
2.2 For the avoidance of doubt it is hereby declared that the sale and
purchase of each of the Assets are inter-dependent and shall be
completed simultaneously.
2.3 No title to any of the Assests shall pass to the purchaser until
Completion.
3. EXCLUDED ASSETS
3.1 For the avoidance of doubt it is hereby agreed and declared that the
following assets of the Vendor are excluded from the sale:
3.1.1 all cash in hand and at the bank (including uncleared effects) on the
Transfer Date;
3.1.2 all Book Debts and other debts due to the Vendor at close of business
on the Transfer Date;
3.1.3 all monies and deposits (if any) and rights to the same which may have
been received by or accrued to the Vendor prior to the Transfer Date on
account of the performance of its contractual obligations;
3.1.4 any claims of whatsoever nature made by the Vendor and arising prior to
the Transfer Date including for the avoidance of doubt:
3.1.4.1 any claim arising out of or in respect of work undertaken for Canary
Riverside Development PTE Limited; and
3.1.4.2 any claim arising out of or in respect of work undertaken on Claridges
Hotel, London;
3.1.5 any claims made or to be made by the Vendor for repayment of any tax
whatsoever or for any tax allowance whatsoever;
3.1.6 any goods and materials which are not in the ownership of the Vendor
and which are not otherwise included within the definition of the
Assets;
3.1.7 any other assets of the Vendor which are not included in the sale by
any other provision of this Agreement.
4. CONSIDERATION
4.1 The Purchase Price (exclusive of Value Added Tax) to be paid by the
Purchaser for the Assets shall be the sum identified in the First
Schedule.
4.2 The Purchase Price shall be apportioned between the various Assets in
the amounts specified in the First Schedule.
4.3 The Purchaser shall on Completion pay the Vendors Solicitor's proper
costs and disbursements in connection with this transaction.
5. COMPLETION
5.1 Completion of the sale and purchase hereby agreed shall take place at
the offices of the Vendors Solicitors on the Completion Date. On
Completion:
5.1.1 the Purchaser shall pay to the Vendors Solicitors the Purchase Price
and any sums due on the Purchase Price in respect of Value Added Tax
and any sums payable pursuant to clause 4.3 and such sums as aforesaid
shall be paid by banker's draft issued by a London clearing bank or
telegraphic or other direct transfer to such account as the Vendors
Solicitors shall designate; and
5.1.2 the Vendor shall deliver to the Purchaser:
5.1.2.1 such of the Assets as are capable of delivery and are in its possession
together with the documents of title (if any) relating thereto;
5.1.2.2 all such documents of title (if any) or instruments of transfer as the
Purchaser may reasonably require in respect of such of the Assets as
are not capable of delivery or are not in the possession of the Vendor
such documents of title and instruments of transfer shall be delivered
to the Purchaser's solicitors by first class post such delivery to be
made at the Purchaser's risk;
5.1.2.3 an invoice for those Assets in respect of which Value Added Tax is
payable.
6. THIRD PARTY ASSETS
6.1 The Purchaser acknowledges that the Assets or some of them may be
subject to Third Party Claims and in respect of such assets the
Purchaser warrants that:
6.1.1 it will hold such Assets separate from any assets in its ownership and
shall not sell, lease, charge, encumber or otherwise dispose of the
same nor any interest therein and shall keep the same in the same
repair and condition as at the date hereof; and
6.1.2 upon written request of the Insolvency Practitioner the Purchaser shall
either return the Assets listed or refered to in such request to the
Insolvency Practitioner or, at the option of the Insolvency
Practitioner, deal with the Supplier or other third party in respect of
any Third Party Claim affecting the Assets; and
6.1.3 the Purchaser will not be entitled to rescind this Agreement or claim
any repayment of the Purchase Price or any compensation in respect of
any Third Party Claim.
6.2 The Purchaser will keep the Vendor and the Insolvency Practitioner
indemnified against all costs claims demands and expenses arising out
of or in connection with any Third Party Claim and/or any failure by
the Purchaser to honour its obligations contained in this clause
7. CONDITION OF ASSETS
7.1 All representations warranties and conditions express or implied (save
warranties as to title and written representations being the Vendors
Solicitors' replies to preliminary enquiries) in respect of the
Business or any of the Assets or any of the right title and interest
sold hereunder or agreed to be sold hereunder including without
limitation warranties and conditions as to merchantable quality fitness
for purpose and description are expressly excluded.
7.2 The Vendor shall not be liable for any loss damage expense or injury of
any kind whatsoever consequential or otherwise arising out of or due to
or caused by any defect or deficiencies of any sort in any way of the
Assets or any of them.
7.3 It is hereby agreed and declared that the terms and conditions of this
Agreement and the exclusions and limitations contained herein are fair
and reasonable having regard to the fact that:
7.3.1 the Vendor has specifically informed the Purchaser that the Purchaser
must rely absolutely on the Purchasers own opinions and/or professional
advice concerning the Assets the quality state and condition of the
same their fitness and/or suitability for any purpose and the
possibility that some or all of them may have defects not apparent on
inspection and examination (which could even render it inappropriate
that they should be described as they are in fact described in this
Agreement or in any list referred to herein) and the Purchaser has
determined for itself that the Assets are suitable in all respects
having regard to the reasons the Purchaser has or should have for
purchasing the same and the intended use of the same; and
7.3.2 it is on the basis of the present state and condition of the Assets
that the Vendor has agreed to sell the same for a consideration
calculated to take into account (inter alia) the risk to the Purchaser
represented by the fact that all the parties believe that the said
exclusions and limitations would be recognised by the Courts the Vendor
making it clear that on any other basis they would not have agreed to
sell the same except for a much higher consideration; and
7.3.3 that the Purchaser its servants employees agents representatives and
advisers have been given every opportunity they may wish to examine and
inspect all or any of the Assets.
7.4 The insurance risk in all of the Assets sold hereunder shall pass to
the Purchaser on the Transfer Date.
8 ACCOUNTING BOOKS AND RECORDS
8.1 Title to the accounting books documents files and records of Vendor
relating to the Business is not the subject of sale to Purchaser
hereunder EXCEPT for any records required to transferred to the
Purchaser pursuant to Section 49 of the VAT Act.
8.2 If possession of such records shall be given to the Purchaser then
reasonable access shall be given to the Vendor its servants agents or
professional advisers by the Purchaser to inspect and take copies of
the same upon request at any time within 6 years of the Transfer Date.
9. OBLIGATIONS
9.1 The Purchaser shall from the Transfer Date honour the liabilities and
obligations of the Business and pay all proper monies, taxes, expenses,
employee remuneration of any kind and other outgoings to the extent
that such liabilities or obligations accrue, arise or are incurred
after the Transfer Date or are in respect of services or goods to be
supplied to the Business after the Transfer Date.
9.2 The Purchaser shall adopt perform and fulfil aD the obligations and
liabilities of the Vendor under and in respect of the Business
Contracts and the Finance Agreements as from the Transfer Date to the
extent that such liabilities or obligations accrue, arise or are
incurred after the Transfer Date or are in respect of services or goods
to be supplied to the Business after the Transfer Date.
9.3 In respect of any of the obligations or liabilities referred to in this
clause which are incurred or charged on a time basis the parties shall
apportion the amounts due from the Purchaser under this clause on a
time apportioned basis.
9.4 The Purchaser shall raise no objection or requisition with regard to
the Business Contracts and the Finance Agreements whether or not the
same have been inspected by the Purchaser.
9.5 The Vendor gives no warranty that there has been full compliance with
the terms of the Business Contracts and the Finance Agreements by the
parties thereto.
9.6 If the assignment of any of the Business Contracts or the Finance
Agreements shall require the consent of any third party then the
parties hereto shall use their reasonable endeavours to obtain the same
(but such endeavours shall not, for the avoidance of doubt, include the
payment of any sum to such third party by the Vendor) or the Purchaser
shall seek to enter into a new agreement with such third party in
substitution for such original agreement. Failure of the parties to be
able to assign any of the Business Contracts or the Finance Agreements
shall not give rise to the right of either party to rescind this
Agreement.
9.7 The Purchaser shall at all times keep the Vendor indemnified against
all those liabilities and obligations described in this clause and
against all costs claims expenses demands and actions in respect
thereof.
10. INDEMNITY FOR INSOLVENCY PRACTITIONER
10.1 The Purchaser shall at all times keep the Insolvency Practitioner
indemnified against all costs claims expenses actions and demands in
respect of the liabilities and obligations of the Business including
liabilities and obligations under the Business Contracts and the
Finance Agreements and the liability to pay all proper monies, taxes,
expenses, employee remuneration of any kind and other outgoings of the
Business and any liability to the employees of the Business (if any) or
any of them to the extent that such obligations or liabilities accrue
arise or are incurred after the Transfer Date or are in respect of
services or goods to be supplied to the Business after the Transfer
Date.
11. EMPLOYEES
11.1 The Purchaser shall indemnify the Vendor against all liabilities costs
claims and demands arising from:
11.1.1 any substantial change in the remuneration benefits or work conditions
of the Employees or any of them occurring on or after the Transfer
Date; and
11.1.2 the change of employer occurring by virtue of the 1981 Regulations and
this Agreement being significant and detrimental to any of the
Employees; and
11.1.3 the employment by the Purchaser after the Transfer Date of any of the
Employees other than on terms at least as beneficial to such employees
as those which are in force with regard to each of them immediately
prior to the Transfer Date; and
11.1.4 the termination of the employment of any of the Employees after the
Transfer Date.
11.2 The parties hereby declare that it is their intention that the
contracts of employment of the Employees shall be transferred to the
Purchaser pursuant to the 1981 Regulations on the Transfer Date.
12. VALUE ADDED TAX
12.1 All amounts expressed in this Agreement as payable by the Purchaser are
expressed exclusive of any Value Added Tax which may be chargeable
thereon subject as hereinafter provided.
12.2 The parties hereto intend that Section 49 of the VAT Act and Article 5
of the Value Added Tax (Special Provisions) Order 1995 shall apply to
the transfer of the Business hereunder and accordingly:
1.2.1 the Purchaser warrants that it is or will, as a result of the
transaction hereby agreed, become a taxable person within the meaning
of the VAT Act;
12.2.2 the Vendor and Purchaser shall give notice of such transfer to HM
Customs & Excise if required by the VAT Act and/or otherwise if
required by law and shall use all reasonable endeavours to secure that
the sale hereby agreed is neither treated as a supply of goods nor a
supply of services for the purposes of the VAT Act;
12.2.3 the Vendor shall on the Transfer Date deliver to the Purchaser all
records referred to in the said Section 49 and shall not thereafter
make any request to HM Customs & Excise for such records to be taken
out of the custody of the Purchaser and the Purchaser hereby undertakes
to preserve such records for such periods as may be required by law.
12.3 In the event that Value Added Tax should be chargeable on any sum
payable hereunder then the Purchaser agrees that such Value Added Tax
shall be paid to the Vendor in addition to the Purchase Price forthwith
upon delivery of a tax invoice in respect thereof.
13. INTEREST
13.1 If any amount is due and owing to the Vendor hereunder the Purchaser
shall pay interest at the rate of 8% per annum above the base rate of
Barclays Bank PLC from time to time (`the Prescribed Rate') on such
outstanding amount from the due date for payment until the date of
actual payment in cleared funds.
13.2 If Completion shall not have taken place by the Completion Date then
the Purchaser shall pay interest on the Purchase Price less the Deposit
at the Prescribed Rate from the Completion Date until Completion.
14. GENERAL
14.1 This Agreement constitutes the entire agreement between the parties
hereto with respect to the subject mailer of this Agreement and
supersedes and invalidates all other commitments representations and
warranties relating to the subject mailer hereof which may have been
made by the parties hereto either orally or in writing prior to the
date hereof and which shall become null and void from the date this
Agreement is signed.
14.2 This Agreement may not be released discharged supplemented interpreted
amended varied or modified in any manner except by an instrument in
writing signed by a duly authorised officer or representative of each
of the parties hereto.
14.3 All obligations imposed hereunder which remain to be fulfilled in whole
or part after Completion shall remain in full force and effect
notwithstanding Completion.
14.4 The Vendor will do such acts and things and execute such deeds and
documents as may be necessary fully and effectively to vest in the
Purchaser the Assets and to assure the Purchaser the rights hereby
agreed to be granted.
14.5 In no event shall any delay failure or omission on the part of any of
the parties hereto in enforcing exercising or pursuing any right power
privilege claim or remedy arising hereunder be deemed to be or be
construed as a waiver thereof or of any other such right power
privilege claim or remedy or operate so as to bar the enforcement or
exercise thereof in any other instance at any time or times thereafter.
14.6 None of the parties hereto shall disclose any information regarding the
existence or contents of this Agreement to any third party prior to
Completion except as may be required by the Rules of the Stock Exchange
or by law.
14.7 All notices given by any party under this Agreement or pursuant to it
shall be in writing and given to the party to be served at its address
shown in this Agreement or at such other address as that party may have
nominated in writing for that purpose. All notices may be served by
personal delivery, first class registered or recorded delivery post,
telex or by facsimile transmission. Any notice given by post shall be
deemed to be received by the party to whom it was given 48 hours after
posting (excluding Saturday, Sundays and U.K. bank and public
holidays). Notices given by telex or facsimile shall be deemed to have
been given 1 hour after successful transmission thereof.
14.8 This Agreement shall be governed by and construed in accordance with
English law and each party agrees to submit to the exclusive
jurisdiction of the English courts as regards any claim or matter
arising under this Agreement.
15. VENDOR
15.1 The Vendor is a company under administration. This Agreement is signed
by the Insolvency Practitioner as administrator acting as agent for the
Vendor.
15.2 The Insolvency Practitioner shall not incur any personal liability
under the provisions of Section 19 of the Insolvency ▇▇▇ ▇▇▇▇ and the
Purchasers hereby release the Insolvency Practitioner from any
liability under such provision and release any charge over property
created by such provisions.
15.3 The Insolvency Practitioner gives no warranty undertaking covenant for
title or otherwise in relation to the Assets or any of them and shall
be under no personal liability whatsoever with regard to any of the
obligations contained on the part of the Vendor in this Agreement. The
Insolvency Practitioner will not give any such warranty, undertaking or
covenant in the assignment or any other transfer document to be
provided by the Vendor on Completion. Any such assignment or transfer
document shall contain a declaration to that effect.
15.4 These exclusions of liability shall be in addition and not in
substitution for any right of indemnity or relief or remedy otherwise
available to the Insolvency Practitioner and shall continue
notwithstanding completion of this Agreement in whole or in part and
shall arise and continue notwithstanding the termination of any agency
and shall operate as a waiver of any claims against the Insolvency
Practitioner in tort under or in relation to this Agreement
Signed by:
Signed by the Insolvency practitioner without personal liability
for and on behalf of the Vendor:
Signed by
For and on behalf of the Purchaser:
Signed by the Insolvency Practitioner
Without personal liability:
FIRST SCHEDULE
DATE of this Agreement: 2000
PARTIES:
Party Name ADDRESS OR REGSITED TRADING
OFFICE/TRADING ADDRESS
VENDOR TIMTEC INTERNATIONAL C/O ▇▇▇▇▇▇▇▇ ▇▇▇▇▇
LIMITED (IN ▇▇▇▇▇▇ FERGUSSON
▇▇▇▇▇▇▇▇▇▇▇▇▇▇) ▇▇▇▇▇, ▇▇▇/▇▇▇ ▇▇▇▇
▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇
▇▇▇
PURCHASER Leadsmart Limited ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
▇▇▇▇, ▇▇▇▇▇▇▇▇▇,
▇▇▇▇▇▇▇▇▇▇▇,
▇▇▇▇▇▇▇▇▇▇▇▇
▇▇▇ ▇▇▇
INSOLVENCY ▇ ▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇
Practioner ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
▇▇▇/▇▇▇ ▇▇▇▇ ▇▇▇▇,
▇▇▇▇▇▇ ECIV 2ND
THE PREMISES
THE BUSINESS THE BUSINESS OR TRADE OF: INTERIOR CONTRACTING AND
architectural joinery
THE TRADE NAME "TIMTEC"
THE TRANSFER DATE : 10th April 2000.
COMPLETION DATE: : 18TH APRIL 2000.
THE PURCHASE PRICE SIX HUNDRED THOUSAND POUNDS ((POUND)600,000)
apportioned as to
-----------------
the Business Contracts (pound)50,000 (FIFTY THOUSAND POUNDS)
The equipment (pound)450,000 (four hundred and fifty thousand pounds)
The Goodwill (pound)100,000 (one hundred thousand pounds)
ADMINISTRATION:
Date of Appointment: 14 January ▇▇▇▇
▇▇▇▇▇ ▇▇▇▇▇ Order of High Court of Justice, Chancery Division,
Companies Court in a matter having the number:
SECOND SCHEDULE
EQUIPMENT
As per attached inventory (2 pages)
TIMTEC INTERNATIONAL LIMITED
LIST OF PLANT & MACHINERY 25th February 2000
------------------------- ------------------
A Samco "Unilev 15" horizontal continuous belt finisher A Wadkin double ended
pedestal grinder
Two UPC "Pulsair AS 25" rotary screw compressors A 11(0 plastic sheet cutting
machine
An Ajax "B-16L" bench drilling machine
An Ajax "AJBM 16" bench drilling machine
A Nev-Dex "MFA" dust extraction twit
A Wadkin single ended tenoner
A Wadkin thicknessing machine
A Wadkin "1300" wide belt sander *
Au Interwood "HEP" six daylight press
A ▇▇▇▇▇▇▇▇▇ "PS" beam saw
An Ital glue spreader
A Nay edging press
A Wadkin "EPA-692" spindle ▇▇▇▇▇▇▇ with power feed
A Wadkin BET" overhand planer
A ▇▇▇▇▇ veneer stitching machine
A Savi "Viggoharson" guuillotine
A SCM "Si-JO" dimension saw
A Sedgewick overhand planer/thicknessor
A Wadkin "EPA-692" spindle ▇▇▇▇▇▇▇ with power feed
A ▇▇▇▇▇▇▇▇ rip saw bench
A Wadkin "BRA" radial cross-out saw
An Air Pollution Equipment dust extraction system ~
A ▇▇▇▇▇▇▇▇ Air Power "Devil Bliss" spray booth
Au MBK spray booth
A Startrite verticle bandsaw with tilting table
An Omega mitre saw with chill attachment
A Wadkin pedestal type chisel morticer
A JKO "LT75O" twin head trimming machine
An MEP circular cut-off saw
An Air Plants Ltd dust extraction unit
A Stanner rip bandsaw
A Wadkin overhand surface planer/thicknessor
A Weinig "Rondanmt 929" profile grinder
A Wadkin rip saw
Two Wadkin cross-cut saws Two Wadkin spindle moulders with power feeds A Muti
"Ombi ES2B" morticer with digital readout A Wadkin "LM" drill
A Wadkin nanow band saw
A lohannson overhand continuous belt sander
A Dragon "CE9S" wood shredder
A Caterpillar 4000kg capacity diesel forklift truck
A Wadkin "UX: CNC router with Bosch controls
A Giben "20003P" beam saw with MCX micro-controller
An IMA "Compact 820" edgebander
An Ital "Italpresse SCPI1O-S" press
A Bonding Systems spray booth
A Bonding Systems roller press
A Bonding Systems static postformer
A Gabbiani "Ml-1622" double ended tenoner
A Stiebig "Standard 6620A" auto verticle panel saw with digital readout and dust
collection bag
An SCM "M2" multi rap saw
A Weinig "U22B" multi-spindle ▇▇▇▇▇▇▇
A Vertongen "P04" tenoner
A Boere "TICS 1100" twin belt dmm sander
A Stiebig "5220 AV/XYLG" automatic venic!e panel saw with digital readout
A Rye "M62400" CNC cutter/router and drilling machine with vacuum work bed
An lnterwood "FHIJ" 9' x 4 hydraulic veneer press
An Interwood "FHU" 8 x 4' hydraulic veneer press
A Komatsu "1B30-3" 54491bs capacity electric fork lift truck with charger
THIRD SCHEDULE
BUSINESS CONTRACTS
CONTRACT WITH LANG MANAGEMENT LIMITED AT PORTCULLIS HOUSE, PACKAGE NO.
9506-- office shelving and worktops
THIRD SCHEDULE
BUSINESS CONTRACTS
Contract with Lang Management Limited at Portcullis House, package no.
9506-- office shelving and worktops