KSFIOM Liquidator 14 October 2016: Quarterly Update

Category: Newsflash

During the quarter to 30 Sept 2016, cash balances increased by approximately £245,000.

Loan repayments, interest and other receipts totalled £599,000. Catch-up dividends were £2,000. Liquidators fees were £312,000 and other liquidation expenses totalled £40,000.

During the quarter to September 2016, one facility was partially redeemed and two facilities were sold realising £0.4 million in cash and resulting in a write-off of £3.8 million

There will be a further update in the next few days on the matter of the interest calculations.

See the bank website for summaries of the cash and loan book positions.

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