Following an application made by the director of the Company which was presented to the High Court of Justice in London on Monday 9th February 2015, a Special Administration Order has been made against the Company in accordance with the terms of which I was appointed as Joint Special Administrator together with Mike Rollings, also of Rollings Oliver LLP.
Following our appointment, we are seeking to obtain relevant information to assist in the reconciliation of client positions and to facilitate a release of client funds where applicable. To assist in this, we will shortly be writing to clients to request confirmation of the amounts due to them. At the same time, clients (and other creditors) will receive details as to how to make a claim in the Special Administration and by when their claim should be submitted.
In order to provide you with information in relation to the Special Administration process and answer your queries as quickly as possible, the Joint Special Administrators have set up a dedicated webpage http://www.rollingsoliver.com/bostonprime/ as well as this dedicated email address boston.prime@rollingsoliver.com to receive all emails from clients in relation to their claims. Clients will be provided with a password to access documentation held on the webpage and this will be updated when further relevant information becomes available.
A Frequently Asked Questions section will be available shortly on the dedicated webpage to provide some background information on the nature and purpose of the Special Administration process and other general issues and this should be referred to in the first instance. If specific queries cannot be answered from the information provided on the dedicated webpage, please contact us using the email address provided above.
In the meantime, given the nature of the Company’s business and the broad geographical spread of the client and creditor base, we will intend as far as possible to send notices, reports and other documents either by electronic means or make them available for viewing or downloading by way of access to a website in accordance with the provisions of Rules 295 and 297 respectively of The Investment Bank Special Administration (England and Wales) Rules 2011. In order therefore to indicate your consent to receiving notices, reports and other documents by electronic means, please can you confirm the following by return email to boston.prime@rollingsoliver.com.
the name of the entity that claims to be a client/customer or creditor of the Company, and
that you consent to receiving delivery of all notices, reports and other documents by electronic means, and
the email/electronic address that you wish to use for such delivery.
the postal address of the entity that claims to be a client/ customer or creditor of the Company.
In both cases, where a party that receives a document which is either sent or delivered by electronic means or the intended recipient is advised that the document is available for viewing or downloading from a website requests a hard copy of the document, it must be sent within 5 days of the of the receipt of the request by the Special Administrators.
Yours faithfully
For Boston Prime Limited
Steven Butt
Joint Special Administrator
Michael David Rollings and Steven Edward Butt were appointed as Joint Special Administrators of Boston Prime Limited by order of the High Court on 9 February 2015.
The affairs, business and property of the Company are being managed by the Joint Special Administrators who act as agents of the Company and without personal liability.
Michael David Rollings and Steven Edward Butt are licenced to act in the UK as insolvency practitioners by the Insolvency Practitioners Association
Boston Prime Limited is authorised and regulated by the Financial Conduct Authority, reference number 539846. The Company Number is 07435569 and the registered office is 6 Snow Hill, London. EC1A 2AY