This (Friday) afternoon the first meeting of the creditors of Mr. Geo. Denton, of Eastfields, Rushden, was held at the Bankruptcy Buildings, Carey Street, London, W.C. The statement shows a deficiency of £18,877/1/0.
The statement showed that Mr. Denton carried on four businesses. He traded at High-street, Rushden, under the style of B. Denton and Son; at Moor-road, Rushden, under the style of F. Noble, boot and shoe manufacturer; at Church-street, Rushden, as a cycle manufacturer, under the style of “The Lightstrung Cycle Co.”; and at Sartoris-road, Rushden, as a joiner, under the style of the Rushden Machine Joinery Works. The summary of the debtor’s statement of affairs shows :-
|
£
|
s
|
d
|
| Gross liabilities |
71,201
|
19
|
2
|
| Of which there is estimated to rank for dividend |
28,914
|
13
|
9
|
| The assets, after deducting creditors for rent, rates, taxes, and wages, are estimated at |
10,937
|
12
|
9
|
| Leaving a deficiency of |
18,877
|
1
|
0
|
Causes Of Insolvency
The debtor states :- The failure of F. Noble and Co., Ltd., Hackney, London, has been the immediate cause, but I must also add the depreciation in my real property and other assets.
The deficiency account shows :
|
£
|
s
|
d
|
| Excess of assets over liabilities on December 31, 1906 |
31,604
|
8
|
6
|
| Less taken as owing by F. Noble, Moor-road, in B. Denton and Sons' account in error |
3,253
|
18
|
6
|
|
28,348
|
10
|
0
|
| Small profits |
370
|
0
|
0
|
| Deficiency |
18,877
|
1
|
0
|
| Leaving a total to be accounted for of |
47,595
|
11
|
0
|
| This is done as follows :- |
|
|
|
| Net loss arising from carrying on business from December 31, 1906, to date of Receiving Order, October 11 |
4,623
|
15
|
6
|
| Bad debts, etc., in connection with F. Noble and Co., Ltd |
9,098
|
9
|
3
|
| Household expenses |
853
|
16
|
7
|
| Depreciation of real property |
11,363
|
10
|
0
|
| Depreciation of shares, machinery, etc. |
7,973
|
11
|
7
|
| Losses on farming and various businesses |
3,137
|
15
|
9
|
| Interest on mortgages, etc. |
1,699
|
6
|
4
|
| Loss in regard to guarantees F. Noble and Co. |
8,035
|
6
|
0
|
|
47,595
|
11
|
0
|
The Meeting
The Official Receiver (Mr. A. Ewen) presided this afternoon over a small attendance of creditors, and Mr. A. C. Palmer, of Northampton, was also present.
Mr. Ewen stated that 105 proofs of debts had been lodged, and there was no doubt it was the wish of the creditors that Mr. Palmer should be appointed trustee, with a Committee of Inspection. The largest creditors were Messrs. Nelson and Co., of Manchester, for £1,505. Mr. Palmer had been appointed special manager, applications having been made to him and supported by creditors for over £19,000. It was considered absolutely necessary in his (Mr. Ewen’s) opinion and that of other creditors that the various businesses should not be shut down, especially having regard to the contracts with the Government, which, if they were not gone on with, might have led to heavy claims for damages. The businesses that were going on were :-
B. Denton and Sons, shoe manufacturers.
F. Noble, Moor-road.
The Joinery Works.
The Lightstrung Cycle Co.
The Receiver then, on behalf of various creditors for whom he held proxies, moved that the debtor be adjudged a bankrupt, and that he (Mr. Ewen) be empowered to apply to the Court to make the adjudication.
This was carried, and the meeting then appointed Mr. A.C. Palmer trustee, with a Committee of Inspection.
The meeting then closed.
|
Rushden Echo, 22nd November 1907, transcribed by Gill Hollis.
The Affairs Of Mr. George Denton - List Of Creditors
The following is the Committee of Inspection appointed at the meeting of the creditors of Mr. G. Denton last Friday :- Messrs. H.L. Price, Manchester ; C.N. Daniels (Nicholson, Son, and Daniels), J. Morton (Morton and Son, Leicester), H.J. Jarman (Morris and Sons, Ltd., London), and A. Conyers (Conyers and Sons, Ltd., Leeds.
The Manager
The salary of Mr. A.C. Palmer, of Northampton, as special manager of the estate, has been fixed at £10. 10s. a week.
The Creditors
The principal creditors who have proved their debts are :
|
|
|
|
Abercarne Collieries, Swansea
|
27
|
|
Adler, M., Coventry
|
56
|
|
Adye & Hinwood, Ltd., Malmesbury
|
22
|
|
Allen, W., and Co., Rushden
|
66
|
|
American Supplies Co., Ltd., London
|
16
|
|
Andrews, A.G., and Co., Northampton
|
14
|
|
Angus, G. & Co., Ltd., Liverpool
|
316
|
|
Aspey, G. and Son, Leeds
|
27
|
|
Barrow, S., & Bros., Ltd., London
|
86
|
|
Becker and Co., Northampton
|
47
|
|
Benjamin Bros., London
|
126
|
|
Birmingham Small Arms Co., Ltd., Birmingham
|
17
|
|
Bloor, Son, and Vyse, London
|
269
|
|
Boisselier, H.C., Watford
|
12
|
|
Boston Blacking Co., Leicester
|
27
|
|
Bradley, C.J. Bedford
|
105
|
|
Brampton Bros., Ltd., Birmingham
|
16
|
|
British Petroleum Co., Ltd., London
|
20
|
|
British United Shoe Machinery Co., Ltd., Leicester
|
211
|
|
Brown Bros., Ltd., London
|
77
|
|
Carnall, M., & Son, Ltd., Leicester
|
10
|
|
Carter, R.H., Rushden
|
20
|
|
Central Agency, Ltd., Glasgow
|
17
|
|
Chamberlian, E.A., Ltd., Nailsworth
|
20
|
|
Chapman, H. W., Wellingborough
|
16
|
|
Collins, P. , Rushden
|
24
|
|
Conyers, J., and Sons, Ltd., Leeds
|
439
|
|
Corby, F., Rushden
|
10
|
|
Cunnington, C. G., Rushden
|
94
|
|
Denton, Mrs. T., Rushden
|
59
|
|
Dove and Willcox, Bristol
|
36
|
|
Dunlop Tyre Co., Ltd., Birmingham
|
80
|
|
East London Rubber Co., London
|
14
|
|
Ellis and Everard, Ltd., Wellingborough
|
90
|
|
English Bros., Ltd., Peterboro’
|
39
|
|
Essery, W. H., Swansea
|
26
|
|
Ette, H., Rushden
|
74
|
|
Faire, Bros. & Co., Ltd., Leicester
|
94
|
|
Featherstonehaugh and Perkins, Irthlingborough
|
13
|
|
Filature & Filteries, Birmingham
|
18
|
|
Gimson & Co., Ltd., Leicester
|
24
|
|
Griggs, H., & Co., Loughborough
|
14
|
|
Hanisch, P., and Co., London
|
23
|
|
Heineman, Alsop, & Co., Northampton
|
25
|
|
Humphrey, R., Kettering
|
14
|
|
Island Spinning Co., Lisburn
|
50
|
|
Johnson, W., & Son, Leigh
|
88
|
|
Kitchin & Co., Ltd., Leeds
|
36
|
|
Kitchin, E., and Sons, Leeds
|
81
|
|
Knight, J., and Sons, London
|
12
|
|
Lindrea and Co., Bristol
|
16
|
|
Linen Thread Co., Leicester
|
63
|
|
Livingstone & Doughty, Leicester
|
74
|
|
Lowke, T. J., Northampton
|
26
|
|
Manton Bros., Harrold
|
156
|
|
Marshall, Knott, & Barber, Grimsby
|
25
|
|
Martin, W. & J., Glasgow
|
151
|
|
Middlemore & Lamplugh, Coventry
|
27
|
|
Morris G., & Son, Ltd., London
|
104
|
|
Morton, J., & Sons, Leicester
|
803
|
|
Mowatt, W., & Son, Ltd., Stonehaven
|
422
|
|
Munt Bros., and Co., London
|
27
|
|
Nelson, W., & Co., Manchester
|
1605
|
|
Nichols, A. T., & Co., Rushden
|
26
|
|
Nichols, W., & Son, Kettering
|
72
|
|
Nicholson, Son, and Daniels, London
|
413
|
|
Nickolls, Harold, Ltd., Leeds
|
609
|
|
North British Rubber Co., Ltd., Edinburgh
|
39
|
|
Oak Tanning Co., Ltd., Walsall
|
262
|
|
Oastler, Palmer, & Co., Ltd., London
|
105
|
|
Okins, A., Rushden
|
493
|
|
Palmer, A.C. & Co., Northampton
|
92
|
|
Palmer Tyre Co., Ltd., London
|
89
|
|
Parkes, J.I., Ltd., Smethwick
|
14
|
|
Patent Butted Tube Co., Ltd., Birmingham
|
30
|
|
Pearson, H.T., and Co., London
|
17
|
|
Penness, W., Rushden
|
44
|
|
Pettit, C., Harrold
|
23
|
|
Phillips, J.A. & Co., Birmingham
|
70
|
|
Phipps and Son, Northampton
|
305
|
|
Pink, E.P., London
|
28
|
|
Powell & Hammer, Ltd., Birmingham
|
126
|
|
Powell, T. J. & T., London
|
447
|
|
Price’s Patent Candle Co., Ltd., London
|
29
|
|
Pronk, Davis, & Co., London
|
15
|
|
Rea, T., & Sons, Ltd., Godalming
|
10
|
|
Reckitt & Sons, Hull
|
12
|
|
Rushden Gas Co.,
|
12
|
|
Sanders, C., Rushden
|
76
|
|
Singer Sewing Machine Co., Ltd., Leicester
|
26
|
|
Skelton, G., & Co., Birmingham
|
57
|
|
Slack & Son, Chesterfield
|
26
|
|
Spong, W., Higham Ferrers
|
32
|
|
Stanley, C., and Son, Rotherham
|
80
|
|
Staynes and Smith, Leicester
|
31
|
|
Swindall, T., Rushden
|
32
|
|
Thacker, J., Leicester
|
15
|
|
Trenery, E. T. & Sons, Wellingborough
|
28
|
|
Trostel, A., and Sons, London
|
24
|
|
Wearwell Cycle Co., Ltd., Wolverhampton
|
51
|
|
Wellingborough Gas Co.
|
10
|
|
Whitehead and Co., Leicester
|
14
|
|
Williams Bros., & Co., Hounslow
|
12
|
|
Williams, E., Smethwick
|
11
|
|
Woolf Motors, Ltd., Wolverhampton
|
20
|
|
Wyldes, W., Wellingborough
|
25
|
|
|
|
