Beaufort Asset Clearing Services Limited (“BACSL”) in special administration (the “Special Administration”) - Bar Date Notifications

Client Assets and Client Money Bar Date: 8 June 2018 

The Bar Dates for submitting your client assets and client money claims passed on 8 June 2018. Thank you to all clients who have confirmed their agreement or disagreement to their statement.  

If you have not yet submitted a claim but want to submit a claim, please do so as soon as possible.

It is very important that you review your client asset and client money personalised statements carefully. These set out the Special Administrators' understanding of the extent of your entitlement to client assets and/or client money based on the information contained in the books and records held by BACSL.

If you disagree with your personalised statements, then you should notify the Special Administrators of this as soon as possible with details of the discrepancy and supporting evidence. If you fail to notify the Special Administrators of your disagreement then when making distributions, the Special Administrators will calculate the client assets and client money to be returned to you in accordance with the information which the Special Administrators have available to them.

If you agree with your personalised statements, please confirm your agreement using this Portal. The more clients that do so, the more this will facilitate a smooth and fast return of client assets and client money in the course of the Special Administration. In agreeing with your personalised statements, you are confirming that they represent an accurate picture of your entitlement to client assets and client money as at 1 March 2018.

Client Assets and Client Money Bar Date Notifications - 9 May 2018

Post Bar Date Notice Letter – 13 June 2018

Third CASS Notice - 13 July 2018

Third CASS Notification Letter - 13 July 2018

 

Client Portal

Please click here to access the Client Portal.

The Portal is an interactive platform that allows you to access information about your personal client asset and client money entitlements as at 1 March 2018. 

Russell Downs, Douglas Nigel Rackham, and Dan Yoram Schwarzmann have been appointed as joint administrators by the High Court to manage the affairs, business and property of Beaufort Securities Limited. Russell Downs, Douglas Nigel Rackham, and Dan Yoram Schwarzmann have been appointed as joint special administrators by the High Court to manage the affairs, business and property of Beaufort Asset Clearing Services Limited. The ​administrators and ​special administrators (together the "Administrators") act as agents of the companies, without personal liability. All are licensed in the United Kingdom to act as Insolvency Practitioners by the Institute of Chartered Accountants in England and Wales. They are bound by the Insolvency Code of Ethics which can be found at: https://www.gov.uk/government/publications/insolvency-practitioner-code-of-ethics.

The ​Administrators may act as Data Controllers of personal data as defined by UK data protection law depending upon the specific processing activities undertaken. PricewaterhouseCoopers LLP may act as a processor on their instructions. Personal data will be kept secure and processed only for matters relating to the Administrators' appointment. Further details are available in the privacy statement on the PwC.co.uk website or by contacting the Administrators.

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