13 JULY 2015

Cash Position

Attached is the summary of cash balances held at 30 June 2015.

Cash balances increased by approximately £2.3 million during the quarter. Loan repayments, interest and other income was approximately £2.6 million. Catch up dividend distributions were approximately £56,000. Liquidators fees were approximately £203,000. Other liquidation expenses were approximately £77,000.

PDF Cash Position

Loan Book

Attached is the summary of the loan book position at 30 June 2015.

During the quarter to June 2015, one facility was redeemed in full realising approximately £2.5 million.

The loan tables shown have been converted to Sterling using exchange rates as at 30 June 2015.

PDF Loan Book

Retirement of Peter Spratt as Joint Liquidator

The Isle of Man High Court approved the retirement of Peter Spratt on 9 June 2015. Michael Simpson will continue in his role as the sole Liquidator.

PDF Retirement of Peter Spratt as Joint Liquidator


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