KPMG LLP - KPMG Public Case Information

Welcome Financial Services Limited – in Creditors’ Voluntary Liquidation

Ed Boyle and Ben Leith of KPMG LLP and Sarah Rayment of BDO LLP were appointed as Joint Liquidators of Welcome Financial Services Limited (“Welcome Finance”) on 16 December 2019. Following Ben Maitland Leith’s resignation, David John Pike was appointed Joint Liquidator by a decision of creditors with effect from 1 June 2020.

A list of FAQs is provided for your information below, and this will be updated periodically.

Prior to the Joint Liquidators’ appointment, outstanding loan balances due to Welcome Finance were frozen with effect from 31 October 2019 and no further interest and charges will accrue.

We will not be collecting (or taking steps to pursue) any outstanding loan balances due to Welcome Finance as at the date of liquidation (16 December 2019) and no payments should be made against loan balances. Please note that this does not affect loan accounts sold to third parties prior to the liquidation- in such cases payments should continue to be made to the purchaser of the debt.

The deadline for submission of claims in the liquidation (31 March 2020) has now passed. The Joint Liquidators are currently in the process of adjudicating all creditor claims. Creditors should receive correspondence from the Joint Liquidators by the end of December 2020 confirming whether their claim has been admitted or rejected.

Creditors whose claims have been admitted by the Joint Liquidators are likely to receive a dividend payment in the first 3 months of 2021.

How to obtain printed copies of any documents on this portal

If you require a printed copy of any document currently, or in the future, available on this Portal please email liquidation@wfs.co.uk or telephone 0115 935 2216.

Frequently Asked Questions

Statutory notices and reports

Directors' report to creditors 
Statement of Affairs 
Proof of debt form 
How to complete the Proof of Debt form 
Court Order 19 December 2019 
Initial Notice 
Joint Liquidators' expenses estimate 
KPMG Liquidators' fee and expenses estimate 
BDO Liquidator's fee and expenses estimate 
Summary of Joint Liquidators' protocol 
Notice of decision procedure 20 April 2020 
Notice of outcome of decision procedure 

How to submit a claim

If you have amounts due to you from the Company as at the date of appointment, you can register a claim by completing a proof of debt form.

Please send your completed proof of debt form, together with supporting documentation, by email to the case contact or by post to:

Welcome Financial Services Limited - in Liquidation
c/o Regus, 6th Floor City Gate East
Tollhouse Hill
Nottingham
NG1 5FS

Supporting documentation for your claim includes invoices, statements of account, proofs of delivery, contracts or any other relevant information.

Edward George Boyle, Ben Maitland Leith and Sarah Megan Rayment were appointed as Joint Liquidators of Welcome Financial Services Limited (“WFSL” or “Welcome Finance”) on 16 December 2019.

Following Ben Maitland Leith’s resignation, David John Pike was appointed Joint Liquidator by a decision of creditors with effect from 1 June 2020.

Edward George Boyle and David John Pike (having replaced Ben Maitland Leith who resigned as Scheme Supervisor on 1 June 2020) are also Scheme Supervisors of the WFSL Scheme of Arrangement which became effective on 2 March 2011. The Scheme Supervisors act as agents of WFSL and without personal liability.

Edward George Boyle and David John Pike are authorised to act as insolvency practitioners by the Institute of Chartered Accountants in England & Wales.

Sarah Megan Rayment is authorised to act as an insolvency practitioner by the Insolvency Practitioners Association

We are bound by the Insolvency Code of Ethics.

The Officeholders are Data Controllers of personal data as defined by the Data Protection Act 2018. Personal data will be kept secure and processed only for matters relating to the appointment. For further information, please see the KPMG Liquidators’ Privacy policy at – home.kpmg.com/uk/en/home/misc/privacy-policy-insolvency-court-appointments.html and the BDO Liquidators’ Privacy policy at – www.bdo.co.uk/en-gb/privacy-notices/insolvencies.

Welcome Financial Services Limited is authorised and regulated by the Financial Conduct Authority (‘FCA’). The FCA Register number is 305742

Registered office: c/o KPMG LLP, 15 Canada Square, London E14 5GL