Other Notices

On 21 November 2025, the Court granted approval for the Joint Administrators of Eldon Street Holdings Limited to be discharged from liability 28 days after issuing the notice of move from administration to creditors’ voluntary liquidation. On the current timetable, this is expected to fall on Friday, 19 December 2025. This marks the final stage in bringing the administration to an orderly close. Creditors with any queries should contact the Liquidators at uk_lehmanaffiliates@pwc.com

The Joint Administrators of Eldon Street Holdings Limited ("ESH") have applied to Court for  approval to be discharged from liability ahead of bringing the administration to an end. ESH will  shortly move from administration to Creditors Voluntary Liquidation. This transition is intended to facilitate the final resolution of remaining matters efficiently. Creditors who wish to raise any queries should contact the Administrators at uk_lehmanaffiliates@pwc.com

Link to court submitted witness statement

The Joint Administrators wrote to creditors on 13 October 2025 regarding a revision to their proposals. No objections were received by 31 October 2025, and accordingly, the revised proposals were deemed approved.

A copy of the Notice of result of creditors’ decision on revised administrator’s proposals is available here

The Joint Administrators intend to place the Company into Creditors’ Voluntary Liquidation when the administration concludes on or before 30 November 2025. A final progress report will be made available on or around 24 November 2025 on this website.

Any creditor wishing to object to the Administrators’ application to the High Court regarding their discharge from liability should notify the Administrators in writing by noon on Friday 7 November 2025 at uk_lehmanaffiliates@pwc.com

Link to notice

The Joint Administrators of Eldon Street Holdings Limited intend to place the company into a Creditors’ Voluntary Liquidation. This change in insolvency process is intended to provide a more cost-effective means of concluding the company’s remaining affairs. Any creditors who have questions are encouraged to contact the Administrators at uk_lehmanaffiliates@pwc.com.

The Administration was due to expire on 30 November 2022. There being various matters that the Administrators consider ought still to be addressed in the context of the administration, and following an application to Court, an Order was granted by the Court extending the Administrators’ term of office to 30 November 2025.

The Administrators’ appointment in respect of Eldon Street Holdings Limited (in administration) is currently due to expire on 30 November 2022. The Administrators indicated in their 27th Progress Report that they expected in due course to apply further to extend the administration. There being various matters that the Administrators consider ought still to be addressed in the context of the administration, the Administrators intend shortly to apply to court for an Order, pursuant to paragraph 76(2)(a) of Schedule B1 to the Insolvency Act 1986, that their term of office be extended until 30 November 2025. If any creditor or other stakeholder has any queries or concerns in this respect, they should please contact Andrew Maran, telephone number 020 7583 5000, as soon as possible.

Pursuant to a court order dated 16 November, Derek Anthony Howell and Russesll Downs were removed as Administrators of Eldon Street Holdings Limited and were replaced by David James Kelly. The change took effect on 30 November 2021.

Edward John Macnamara and Gillian Eleanor Bruce remain in office as Administrators.

The Administration was due to expire on 30 November 2020. Following an application to Court, an Order was granted by the Court extending the Administrators’ term of office to 30 November 2022.

The approval of Lehman Brothers International (Europe)'s Scheme of Arrangement, pursuant to Part 26 of the Companies Act 2006 and the retirement of Anthony Victor Lomas from PwC LLP provided an opportunity for the named office-holders to be reviewed in Eldon Street and elsewhere in UK Lehman Brothers' affiliates.

Accordingly, an application to court was made to make certain changes. Pursuant to a court order dated 2 July 2018, Anthony Victor Lomas, Steven Anthony Pearson and Julian Guy Parr (the "Outgoing Office-Holders") were removed as Administrators of Eldon Street.

The Outgoing Office-Holders were replaced with Russell Downs and Edward John Macnamara which took effect on 16 July 2018. Derek Anthony Howell and Gillian Eleanor Bruce remain in office as Administrators.