KSFIOM Liquidator 14 Oct 2019: Quarterly Update

Category: Newsflash

Cash balances decreased by approximately £15,000 during the quarter. Income totalled approximately £7,000 and lquidation 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."

For details of cash position, see bank website here

Hits: 353