Beaufort Securities Limited ("BSL") in Administration & Beaufort Asset Clearing Services Limited ("BACSL") - in Special Administration ("the Firms") - Suppliers and Creditors

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Information for Creditors and Suppliers

This does NOT apply to clients with client money or client asset entitlements

The Firms and the relevant appointment date for claims:

 

Company name

Company number

Appointment type

Date of appointment

Beaufort Securities Limited

02693942

Administration

1st March 2018

Beaufort Asset Clearing Services Limited

06637499

Special Administration

1st March 2018

Pre-administration claims

You will need to register as a creditor if you haven’t been paid for goods or services you’ve supplied to the Firms prior to the date of appointment shown in the table above.

Your claim should be made using the Proof of Debt form which can be accessed below: 

Please complete a proof of debt form and return it to the relevant company at the following address: BSL or BACSL, c/o PwC LLP, Central Square, 29 Wellington Street, Leeds, LS1 4DL.

If your claim includes VAT, you may be able to obtain VAT bad debt relief six months after your supply. Your local VAT office can help you with this.

To help us further, please supply details of: any outstanding orders; any of the Firms’ property you hold; any assets of yours which the Firms have on hire or rental from you and, if known, the address where these assets are held.

Please note that it is too early to give any indication of the prospects of return for creditors.

Post-administration supplies

Please do not supply any goods ordered prior to appointment unless you’ve received a confirmation signed by the administrators or one of our authorised representatives.

Goods and services you supply during the administration will be paid for out of the assets coming into our hands, provided the order is in writing and signed by one of the joint administrators or our authorised representatives.

When you receive your first such order please open a new account in the relevant company’s name for goods or services provided after appointment. Your co-operation will allow the Firms to continue trading with minimum disruption.

How we report to creditors

As administrators we have to prepare and send out our proposals setting out how we intend to achieve the purpose of administration within eight weeks of our appointment. Since our appointment, our priority has been to identify and protect client money and assets as well as carrying out a number of critical tasks in order to be able to make a full assessment of the situation. We will we will make the proposals available on our website www.pwc.co.uk/beaufort, as soon as possible.

Your rights as creditors

Our appointment means that you can’t start or continue legal action, enforce security or repossess any goods held by the Firms’ unless we agree or the court allows it.

You can find information on administrators’ fees and your rights here.

Please contact Mags Pollock on 0113 289 4739 or at pollock.mags@pwc.com if you’d like a paper copy free of charge or have any questions.

Finally, you also have the right to opt out of receiving further documents relating to these proceedings. Information provided to creditors on opting out in accordance with Rule 1.39 can be found here.

The right to opt out only applies to documents required by the Insolvency Act 1986 or the Insolvency (England and Wales) Rules 2016 to be delivered to creditors generally or to a particular class of creditors. It does not apply to documents or correspondence sent to people in a capacity other than as creditor (e.g. as an employee) or to correspondence sent to individual creditors.

Any formal opt out request should be sent to the address listed above or by e-mail to: creditorenquiries@uk.pwc.com.

Directors’ conduct

One of our duties is to look at the actions of anybody who has been a director of the Firms in the three years before our appointment. We also have to decide whether any action should be taken against anyone to recover or contribute to the Firms’ assets. If you think there is something we should know about, please complete the relevant section of the attached proof of debt form or write to us at this address. This is part of our normal work and doesn’t necessarily imply any criticism of the directors’ actions.

All other queries

For any other enquiries regarding outstanding payments after the date of administration of the Firms, in the first instance, please speak to your usual contact at the Firms. 

https://www.icaew.com/-/media/corporate/files/technical/insolvency/creditors-guides/2017/administration-creditor-fee-guide-6-april-2017.ashx?la=en
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