We write to inform you that F L Taylor and C P Dempster, of Ernst & Young LLP, were appointed as Joint Administrators of TO.M. Group Limited, T.O.M. Vehicle Rental Limited (‘TOMVR’), Caledonian Truck & Van Limited and Alistair Fleming Limited (collectively referred to as ‘the Group’ or ‘TOM’) on 28 March 2018.The appointment was made by the Company’s Directors under the provisions of paragraph 22(2) of Schedule B1 to the Insolvency Act 1986.
If you are a customer of the Group and have a vehicle or vehicles on hire, please be advised that you may continue to use these vehicles in accordance with their rental agreements unless and until you are notified that the hire purchase (‘HP’) funder of your vehicle(s) has terminated its arrangements with TOM. The HP funder will be provided with your contact details in order to contact you to arrange novation of your contracts or collection (in due course) of the vehicles. We understand from speaking with a number of funders that, where possible, it is their intention to ensure longer-term continuity of use by you as the customer and that efforts are being made to secure a novation of contracts to another vehicle hire provider. However, in the meantime, please note that in the event that your vehicle requires repair or maintenance, the Joint Administrators will not be in a position to authorise this cost. We understand that funders are working as quickly as they can to minimise disruption to your use of vehicles going forward. In the meantime, please contact the TOM fleet team as normal on the usual email or telephone number.
Please note that TOMVR entered into a Confidential Invoice Discounting agreement with HSBC Bank on 1 April 2015.As such your Purchase ledger balance with TOMVR and any invoices received from them can only be validly discharged by payment in full to HSBC or their Agents, Hilton-Baird Collection Services Limited (‘HBCS’).HBCS will work with you to resolve any ledger queries that you may have and will be contacting you separately with further details.
We have become aware today that there are vehicles on hire to customers from the Company which have road fund licences which expire on 31 March 2018.We confirm that the Company has today arranged to renew these road fund licences for a six month period.
All customers will be contacted and provided with a schedule of vehicle(s) on hire, with details of the HP funder, along with a FAQ factsheet.
All known creditors will receive a copy of the Joint Administrators’ Proposals next week. This will contain information on the purpose and conduct of the Administrations and a claim form to lodge claims against the Companies.
In the meantime, please contact the T.O.M. Accounts Payable team on the usual email or telephone number with any further concerns or queries that you may have.
F L Taylor is licenced in the United Kingdom to act as an Insolvency Practitioner by The Institute of Chartered Accountants in England and Wales and C P Dempster is licensed in the United Kingdom to act as an Insolvency Practitioner by The Institute of Chartered Accountants of Scotland.
The affairs, business and property of the Companies are being managed by the Joint Administrators, F L Taylor and C P Dempster, who act as agents of the Companies only and without personal liability.
We may collect, use, transfer, store or otherwise process (collectively, “Process”) information that can be linked to specific individuals (“Personal Data”). We may Process Personal Data in various jurisdictions in accordance with applicable law and professional regulations including (without limitation) the Data Protection Act 1998.