21 NOVEMBER 2014

Cash Position

Attached is the summary of cash balances held at 31 October 2014.

PDF Cash Position

Cash balances increased by approximately £18.4 million during the month. Cash received from the sale of the KSFUK claim was approximately £18.46 million, loan interest and other income was approximately £95,000. Catch up dividend distributions were approximately £87,000. Liquidation expenses were approximately £54,000.

Loan Book 

Attached is the summary of the loan book position at 31 October 2014.

 PDF  Loan Book

During October 2014, no facilities were redeemed.    

The loan tables shown have been converted to Sterling using exchange rates as at 31 October 2014.


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