13 APRIL 2018

Cash Position

Attached is the summary of cash balances held at 31 March 2018.

Cash balances decreased by approximately £149,000 during the quarter. Income totalled £12,000. Legal expenses totalled £153,000. Other liquidation expenses totalled £8,000.

PDF Cash Position

Finalisation of Claims

I have recently rejected approximately 100 claims which were considered to be invalid. The time for those claimants to object to the rejection of their claims has now passed. I will shortly be applying to Court to set a final date for proving - this will be the final deadline after which no further claims will be considered. The relevant notice will be advertised and posted on the website. Once this deadline has passed, we will begin the process to pay out the final distribution.

Contacts

The best way to make contact is to write to the bank at PO Box 197, Third Floor, Sixty Circular Road, Douglas, Isle of Man, IM99 1SN, or email ksf@iom.pwc.com . If you need to telephone the bank, please use the number +44 1624 699222. All other numbers in previous use are now switched off or auto-forward to +44 1624 699222. Please be aware that all telephone calls are recorded for security purposes.


Mike Simpson
Liquidator