Persons entitled
- Holiday Insurance Services (Homes) Limited
Amount secured
All payments due under clause 4 of the sale agreement dated 11/10/93 including any profit bonus payable by the london and edinburgh insurance group. All payments due under clause 5 of the sale agreement. Any payment of V.A.T. within clause 6 of the sale agreement. The recipient of any expenditure and the payament of any sum by way of indemnity pursuant to clauses 7, 9, 11, 12 and 14 of the sale agreement. The payment of interest accruing under clause 19 of the sale agreement. Provided always that the principal sum secured pursuant to clause 2.1 and 2.2 (i)-(v) shall not exceed £435,000 and shall decrease as payments are made to the vendor pursuant to the terms of the sale agreement and by any amounts by which the maximum sum payable under clause 5 of the sale agreement fall short of £335,000
Short particulars
L/H premises:- unit 1 midland court 107/113 victoria road romford essex, unit 2 midland court 107/113 victoria road romford essex and any further l/h premises that the company shall acquire. Fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery.