Website, Cash Position and Final Dividend

Website

It has been necessary to move this website to a new platform, which is why the appearance of the website has changed. There has been no change to the content of the website.

Cash Position

Attached is the summary of cash balances held at 30 September 2019.

Click here for cash position

Cash balances decreased by approximately £15,000 during the quarter. Income totalled approximately £7,000 and liquidation expenses totalled approximately £22,000.

Final Dividend


As previously reported there are freezing orders in respect of some former KSFIOM customer accounts and there is a legal dispute as to whether these accounts should be confiscated or distributed to unsecured creditors. Therefore I cannot quantify the final amount available for distribution to unsecured creditors until this is resolved. The matter is in Court and I will update creditors as soon as the position is clarified.

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