Insolvency News

Notice from Insolvency Practitioners

Petropavlovsk plc is in liquidation. Please see below for updates from the firm handing this case, Opus Restructuring LLP.

Contact Details

Press: Please email Nick.Hood@opusllp.com
Creditors: Please email petropavlovsk@opusllp.com
Shareholders: Please email petroshareholders@opusllp.com

 

In Liquidation, the following reports and notices are generally issued:

Document

    Approximate timescale
    (from commencement of Liquidation)

Notice of Appointment

    28 days

Annual Progress Report

    2 months after each anniversary

Final Account

    On completion

 

In an Administration, the following reports and notices are generally issued:

Document

Approximate timescale
(from commencement of Administration)

Notice of Appointment

1 week

Statement of Proposals (within 8 weeks)

4 weeks

Notice of Creditors’ Decision or of Deemed
Approval of the Proposals

7 weeks

Progress Report

7 months

Request for an Extension to the Administration
(where necessary)

11 months

Notice of Extension of Period of Administration
(where granted)

12 months

Final Progress Report
(where no extension has been granted)

12 months

Progress Reports
(where an extension has been granted)

13 and 19 months

Final Progress Report
(unless a further extension is granted by the court)          

24 months

 

Frequently Asked Questions

 

FAQs (13 September 2022)

 

Announcements and publications in relation to the insolvency:

 

 

Court documents (other than exhibits)

 

 

Exhibits to witness statements

 

Please refer to the Administrators’ announcement dated 19 August 2022 and to the fifth witness statement of Allister Manson dated 17 August 2022 for details.