Mazars appointed Special Administrators of Pritchard Stockbrokers Limited

Three partners at Mazars were appointed on 9 March 2012 as the Joint Special Administrators of Pritchard Stockbrokers Limited, a Bournemouth based stockbroking company.

Tim Ball, Rod Weston and Guy Hollander are leading the special administration of the company having been appointed as part of a Court process agreed by the FSA (now the FCA).

Although some of the company's assets have been sold to W H Ireland, there remains substantial monies due to over 11,000 clients which is still being handled by the Special Administrators. A significant number of client claims remain to be agreed.

Several documents, including the latest six month progress report to clients and creditors can be found on this page. A meeting of creditors and clients took place on 14 May 2012 at the Royal Festival Hall in London which resulted in the proposals being approved and a creditors' committee being elected. An interim dividend of 50p in the £ was first paid to clients with agreed pooled money client claims on 31st July 2012, and further payments of the first interim dividend continue to be paid as claims continue to be agreed.

It is respectfully requested that those clients who have not yet considered, completed and returned the correspondence issued to them by the Special Administrators, as part of the pooled client money claim agreement process, now do so, as a matter of urgency.

For further information, please contact:

01202 297035, email  Pritchard@mazars.co.uk or write to:

Mazars LLP,
Clifton Down House,
Beaufort Buildings,
Clifton Down,
Bristol, BS8 4AN

 

Media enquiries:
Louisa Howells, National PR & Communications Manager
020 7063 4142  louisa.howells@mazars.co.uk

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