Cash Position

Attached is the summary of cash balances held at 31 August 2013.

PDF Cash Position

Cash balances decreased by approximately £0.1 million during the month. There were no repayments of capital or interest on the loans during the month. Catch-up distributions and other expenses were approximately £0.1 million. 

Loan Book

Attached is the summary of the loan book position at 31 August 2013.

PDF Loan Book

During August 2013, no facilities were redeemed either in full or in part.     

The loan tables shown have been converted to Sterling using exchange rates as at 30 August 2013.

The Joint Liquidators have purchased currency options to hedge certain of the future loan receipts.  Sterling options purchased to hedge future Euro receipts were matched against the relevant loans included in the summary at 31 August 2013, and we have calculated that they would add a further £0.4 million to the value of the receipts due on these loans. 


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
Joint Liquidator