(Image: Pic supplied)
A Harrogate-based marketing agency is in liquidation with debts topping £400,000.
Zelst Ltd was a business support services company registered at 52 East Parade, Harrogate.
It was incorporated in 2012 and it entered a creditors voluntary liquidation on September 22.
Companies House records the directors as Sarah and Peter Van Zelst.
- Horsebox Window Centre Limited of Harrogate in liquidation
- Red Kite Recruitment Group of Harrogate in liquidation
- FK Building Ltd of Harrogate in liquidation owning over £3m
- Chico's Harrogate Ltd in liquidation owing over £30,000
BTG Begbies Traynor (Central) LLP were appointed liquidators, and they produced a report known as a statement of affairs outlining the company’s financial situation.
The report says Zelst Ltd has estimated realisable assets of £103,064.15.
When it came to liabilities, there were ten staff as preferential creditors- those who are paid first- who were owed arrears/holiday pay of £2,641.72 and £1,785.64 in pensions.
HMRC was a secondary preferential creditor which was owed £112,464.40.
This left a deficit of £13,827.61.
However, there were further unsecured claims- those who are paid last- of £400,388.51.
This was made up of 12 trade creditors owed £29,90124 between them.
Ten employees were also owed £81,745.80.
Two banks/ financial institutions were owed £22,433.33.
HMRC was also owed a further £1,436.58 in non-VAT debt.
Employees were owed a further £1,3398.24 in pension contributions.
There were three finance creditors owed £143,660.45 between them.
The were two inter-company loans totalling £104,832.17.
Finally, £15,000 in accountant fees were also owed.
This gave a total deficiency with regard to creditors of £414, 216.12.
With Zelst Ltd having issued and called up capital of £1,000, this gave a total deficiency of £415,216.12.