NOTICE TO THE CREDITORS OF AN INSOLVENT COMPANY OF THE RE-USE OF A PROHIBITED NAME
05240275Trading Name: Precious Angel Designs
Registered office12 Beningfield Drive, Napsbury Park, St. Albans, Hertfordshire, AL2 1UJ
Principal trading address15 Hamblings Close, Shenley, Hertfordshire, WD7 9JJ
The Director of the Company in using the Deemed Consent procedure as Convener, is in the process of placing the Company in Creditors` Voluntary Liquidation, with the General Meeting of members to be held on and the Decision Date to be on 18 February 2026.
I, Paula Allsuch, the Director of PRECIOUS ANGEL DESIGNS LTD, of 12 Beningfield Drive, Napsbury Park, St. Albans, Hertfordshire, AL2 1UJ, was involved in the promotion, formation and management of the Company during the last 12 months.
I, Paula Allsuch am also the Director of PAD Accessories Limited, Company No. 15416573, of 12 Beningfield Drive, St. Albans, Hertfordshire, AL2 1UJ. Provided the offer from PAD Accessories Limited is acceptable to the duly appointed liquidator of the Company, PAD Accessories Limited intends to enter into an arrangement with the duly appointed Liquidator to acquire the whole or substantially the whole of the business and assets of the Company and to carry on the whole, or substantially the whole of the Company`s business.
I hereby give notice that it is my intention to act in one or more of the ways specified in section 216 (3) of the Insolvency Act 1986 in connection with, or for the purpose of carrying on the whole or substantially the whole of the business of the insolvent Company trading as `Precious Angel Designs` and using the name `Precious Angel Designs` as the trading name of the company `PAD Accessories Limited`, Company No. 15416573 of 12 Beningfield Drive, St. Albans, Hertfordshire, AL2 1UJ.
I am aware that without this statement I would not otherwise be permitted to undertake those activities without the leave of the Court or the application of an exception created by the Rules made under the Insolvency Act 1986 and that a breach of the prohibition created by section 216 is a criminal offence, and I set out my statement as to the effect of the notice under Rule 22.4 (2) of the insolvency (England and Wales) Rules 2016 below:
Section 216(3) of the Insolvency Act 1986 lists the activities that a director of a company that has gone into insolvent liquidation may not undertake unless the court gives permission or there is an exception in the Insolvency Rules made under the Insolvency Act 1986. (This includes the exceptions in Part 22 of the Insolvency (England and Wales) Rules 2016.) These activities are -
(a) acting as a director of another company that is known by a name which is either the same as a name used by the company in insolvent liquidation in the 12 months before it entered liquidation or is so similar as to suggest an association with that company;
(b) directly or indirectly being concerned or taking part in the promotion, formation or management of any such company; or
(c) directly or indirectly being concerned in the carrying on of a business otherwise than through a company under a name of the kind mentioned in (a) above.
This notice is given under rule 22.4 of the Insolvency (England and Wales) Rules 2016 where the business of a company which is in, or may go into, insolvent liquidation is, or is to be, carried on otherwise than by the company in liquidation with the involvement of a director of that company and under the same or a similar name to that of that company.
The purpose of giving this notice is to permit the director to act in these circumstances where the company enters (or has entered) insolvent liquidation without the director committing a criminal offence and in the case of the carrying on of the business through another company, being personally liable for that company`s debts.
Notice may be given where the person giving the notice is already the director of a company which proposes to adopt a prohibited name.
Paula Allsuch
Dated16 February 2026
Recorded in The Gazette, issue 64995, 17 February 2026