SHCs VAT registration was backdated to 09 July 2011, being the month stated upon the VAT registration form for when SHCs taxable turnover exceeded the VAT registration threshold; Following SHCs compulsory VAT registration he failed to ensure that SHC filed any VAT returns, either historical (July 2011 to January 2013) or after the date upon which SHCs compulsory VAT registration application was filed (April 2013 to April 2016); HMRC subsequently raised assessments, on 10 April 2014 and 30 September 2015 respectively, of VAT due for all VAT periods ending July 2011 through to April 2016 totalling 151,105 (central assessments 65,817, officers assessments 85,288), surcharges and interest totalling 6,900 and civil penalties totalling 3,288; HMRC subsequently, on 01 October 2013, 04 October 2013 and 10 March 2014 respectively, raised assessments of CT due for the financial years ending 08 December 2011 through to 08 December 2014 totalling 90,310, and penalties totalling 20,022; He failed to ensure that SHC filed accurate annual accounts for the financial years ending 31 December 2011 and 31 December 2013, respectively.

Accounts for a dormant company were filed by SHC with the Registrar of Companies for these periods when he knew that SHC was trading throughout the years covered by these accounts; He failed to ensure that SHC filed accounts for the financial years ending 31 December 2012 and 31 December 2014 respectively; He has therefore failed to ensure that the creditors of SHC were able to accurately ascertain the financial position of SHC.

Filing for both usually comes about when a single asbestos-related disease was caused by several companies’ negligence.

Conduct: John Bassett (Mr Bassett), as the sole registered director of Site Hoarding Company Ltd (SHC), failed to ensure that SHC complied with its statutory obligations to Her Majesties Revenue and Customs (HMRC) from at least 09 July 2011 until 09 June 2016, and to Companies House (CH) between 30 September 2012 and 30 September 2015.

In that; VAT On 24 March 2013 SHC was compulsorily registered for VAT.

To date, SHC has raised over $600 million for the new hospital and $437 million has been received in cash.

RATING SENSITIVITIES CONTINUED SOLID FINANCIAL PERFORMANCE: Stanford Health Care's overall financial profile is solid and financial performance is expected to remain in line with 'AA' category medians.

The outstanding debt is listed at the end of this release. SECURITY Debt payments are secured by a gross revenue pledge of the obligated group.

KEY RATING DRIVERS GOOD FINANCIAL PROFILE: SHC's financial performance has been consistent over the last four fiscal years (Aug.

The new facility is expected to be completed by December 2017 with transition to the new Stanford Hospital by spring 2018.

STRONG PHILANTHROPIC TRACK RECORD: SHC's fundraising is coordinated with Stanford University and the philanthropic base is deep.

As of May 2015, SHC became the sole corporate member of Valley Care Health System (Valley Care) located in the East Bay, which added 242 beds. There is new leadership at SHC and the current CEO joined in July 2016 from Utah Hospitals & Clinics.

The CFO position remains filled as an interim position.

We believe it is in our client’s best interest to ensure both solvent and bankruptcy claims are handled by the same mesothelioma law firm.