YAM INVESTMENTS LTD

05991203

Registered office: 869 High Road, N. Finchley, London, N12 8QA

Principal trading address: PO Box 492, Stanmore, Mddx, HA7 9HP

It is intended that Yam Investments Ltd will go into insolvent liquidation on or soon after 5 October 2018.

I, Michael Stewart Howard Placks of 26 Keble Court, 10 Hayling Way, Edgware, HA8 8BN, will have been a director of YAM Investments Ltd during the 12 months ending with the day before it goes into insolvent liquidation.

Notice given in accordance with Rule 22.4 (3) (b) of the Insolvency Rules 2016

It is my intention to act or continue to act in all or any of the ways specified in section 216(3) in connection with, or for the purposes of, the carrying on of the whole or substantially the whole of the business of the insolvent company Yam Investments Ltd.

The name of the company which is to carry on the business of Yam Investments Ltd, which would be a prohibited name under section 216 of the Insolvency Act 1986 in the event of Yam Investments Ltd entering insolvent liquidation, is Yam Residential Ltd.

I would not otherwise be permitted to undertake those activities without the leave of the court or the application of an exception created by Rules made under the Insolvency Act 1986.

Breach of the prohibition created by section 216 under the Insolvency Act 1986 is a criminal offence.

Statement given in accordance with Rule 22.5 of the Insolvency Rules 2016

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) Rule 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 the company which proposes to adopt a prohibited name.