The fund has appointed James Robert Toynton and Ben Alexander Rhodes of Grant Thornton Limited and Sean Croston of Grant Thornton UK LLP as joint liquidators.
Glanmore stated that the joint liquidators intend to make an interim distribution of the majority of the fund’s cash in the first quarter of 2017.
- 193 financial services firms enter insolvency
- Two directors banned after deceiving short-term lenders
- Company insolvency rates increase by 2.2%
That is provided that the joint liquidators are satisfied that all creditor balances have been identified and the appropriate provisions have been made.
The joint liquidators will not report to the shareholders until they are in a position to make a distribution or unless there are matters which need to be considered or agreed by the shareholders.
Anyone with any queries have been told to contact Northern Trust who will continue to deal with shareholder enquiries on behalf of the liquidators.
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