Tim Ball 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:
0117 928 1700, email Pritchard@mazars.co.uk or write to:
90 Victoria St
Bristol, BS1 6DP
Lorraine Hackett, National Communications Manager
020 7063 4435 Lorraine.Hackett@mazars.co.uk