LB SF No. 1 (in liquidation)
This site provides information regarding the progress of the administration and subsequent liquidation of LB SF No.1 (“LBSF”).
LBSF entered into liquidation on 3 October 2013 pursuant to paragraph 83 of Schedule B1 of the Insolvency Act 1986, following the end of the administration. The current Joint Liquidators (the “Liquidators”) are DA Howell, AV Lomas and MJA Jervis.
The Liquidators are licensed in the United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales.
DA Howell, AV Lomas and MJA Jervis are Data Controllers of personal data as defined by the Data Protection Act 1998. PricewaterhouseCoopers LLP will act as Data Processor on their instructions. Personal data will be kept secure and processed only for matters relating to the liquidation.
Prior to LBSF being placed into Liquidation, the Joint Administrators made a distribution to LBSF’s unsecured creditors of 100 pence in the £, plus statutory interest.
LBSF Claim Submission Information
The last date for proving in respect of creditor claims has now passed. However, any remaining creditor who wishes to make a claim against LBSF should do so by completing a LBSF Statement of Claim form, which can be downloaded here. The Liquidators request that all claimants use this form for consistency. All claims should be submitted with full supporting documentation. Please execute your Statement of Claim and upload as a PDF and email to the following address: Lehman.affiliates@uk.pwc.com
Updates
Notice of Declaration of a Dividend dated 16 September 2013
On 16 September 2013, pursuant to Rule 2.98 of the Insolvency Rules 1986, the Joint Administrators declared and paid a first and final dividend of 100 pence in the pound, plus statutory interest to all unsecured creditors whose claims have been admitted for dividend purposes. A copy of the Notice to all creditors who have proved their debt is available here.
Notice of Intended Dividend dated 28 June 2013
Based on current information, the Administrators are of the view that there are sufficient realisations to allow a first and final distribution to be made to unsecured creditors. The Administrators issued a Notice of Intended Dividend to all known creditors who have not yet proved their debt stating a last date for proving of 26 July 2013. A first and final dividend will be paid within 2 months of that date to creditors with agreed claims. A copy of the Notice is available here.
Creditors are updated on the progress of the liquidation of LBSF through the Liquidators’ annual reports and via this website. We encourage creditors who believe they may be entitled to claim against LBSF to continue to check this website for relevant information.
To view reports issued during the period of the liquidation, please click on the applicable links below:
The Administration of LB SF No.1 came to an end on 3 October 2013. To view the Administrators' past reports, please click here.
Contacts
If you have any queries in relation to LBSF's liquidation, please send an email to Lehman.affiliates@uk.pwc.com.
