Dear Creditors

Welcome to Summit Trust.

Kindly be advised that Stephan Daniel De Vries and Kevin Titus will be attending to the liquidation of THEULTIMATESOLUTION (Pty) Ltd (In Provisional Liquidation) “THEULTIMATESOLUTION”. Furthermore, all communications regarding this estate (progress reports, creditor reports, meeting of creditors etc.) will be done via this online estate profile, the Government Gazette and one or more newspapers circulating in the district in which the company was registered or had its main place of business. If you register to this online estate profile you will receive notifications, via email, every time it is updated.

Kindly be advised that THEULTIMATESOLUTION was provisionally liquidated on 15 June 2023. Furthermore, The Master of the High Court, Cape Town “The Master” appointed Stephan Daniel De Vries (Summit Trust) and Kevin Titus as Provisional Liquidators of THEULTIMATESOLUTION on 1 August 2023. It is the duty of the Provisional Liquidators to take control of the company’s assets and not to report on the company’s affairs. The Liquidators will submit a formal report at the second meeting of creditors and contributories in terms of section 402 of the Companies Act No. 61 of 1973.

Further instructions will follow if the provisional order of liquidation is made final on 15 August 2023.

The provisional order of liquidation was made final on 15 August 2023. The Master will now convene, by notice in the Gazette, a first meeting of the creditors and members of the estate for, inter alia, the proof of their claims against the estate. The Master shall publish such notice on a date not less than ten days before the date upon which the meetings is to be held and shall in such notice state the time and place at which the meetings is to be held.

Kindly download the claim form which you will see on the right-hand side of your screen. The claim must be completed, signed, commissioned and supported with documents proving your claim. If the claim is in your personal capacity, then you must complete the power of attorney for a representative, who will prove your claim at the creditors meeting, but if THEULTIMATESOLUTION owes a company money which you represent then both the company resolutions and the power of attorney, attached to the claim, must be completed. If goods were sold and delivered to THEULTIMATESOLUTION on an open account then a statement must be submitted in support of the claim showing the monthly total and a brief description of the purchases and payments for the full period of trading or for the period of 12 months immediately before the date of liquidation, 15 August 2023, whichever is the lesser.

The claim must be emailed to our offices, Raaiqah@summittrust.co.za, within 14 days from 20 September 2023. If the claim is correct, we will advise you to deliver or courier the original claim to our offices: Summit Trust, 2^nd Floor, 155 Loop Street, Cape Town.

The first meeting of creditors and members was successfully held and closed on 10 October 2023 at the Master’s Office, Cape Town at 09h00. The Liquidators shall, within three months, convene the second meeting of creditors and contributories. The purpose of the second meeting of creditors and contributories is to prove additional claims against the estate, adopt resolutions and to table a formal report to creditors and contributories. The time, date and place of the second meeting of creditors and contributories will be made available on this website.

The second meeting of creditors and contributories was successfully held and closed. The liquidators will now proceed to wind-up the company in accordance with their report and resolutions adopted at the second meeting of creditors and contributories. The first Liquidation and Distribution Account will be submitted by 11 June 2024.