Worldspreads Administrators Issue Final Client Statements

Michelle Remo, “Big 4″ observer
March 30, 2012 /

The special administrators of Worldspreads Limited have issued all clients with their final statements.

Clients will have the opportunity to review the details of their account and confirm whether they are correct or whether they disagree with the statement. There are approximately 15,000 clients.

Jane Moriarty, special administrator of Worldspreads and restructuring partner at KPMG, commented: “While the sudden collapse of Worldspreads has understandably caused a great deal of distress for the company’s clients, the issuing of all final client statements today is an important milestone in returning funds to clients.

“We will now be able to start agreeing the statements with clients. The next stage in the process will be the creditors’ meeting which will be held within the next 8 weeks, in line with our statutory responsibilities.”

All statements are being sent to registered client email addresses. The special administrators will send out the paper copies of statements where the registered email address is no longer in use.

If UK clients have not received their final statement within 7 days, or 21 days for overseas clients, the special administrators have requested that they send their account details and current contact details, including email address, to WorldSpreads-enquiries@kpmg.co.uk.

 

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