David Pike, Samantha Bewick and David Standish were appointed Joint Special Administrators of Avalon Investment Services Limited – in Administration (the ‘Company’) on 23 February 2016.
On 25 February 2016, the Joint Special Administrators completed a sale of the entire business as a going concern to Embark Investment Services Limited, a subsidiary of Embark Group Limited ("the Purchaser").
All client accounts have now transferred to the Purchaser following the sale.
The Purchaser has been in contact with all clients/investors and should be contacted directly with regard to any ongoing investment matters.The Purchaser’s contact details are set out below:
Embark Investment Services Limited, 2 Market Place,
Enquires should be directed for the attention of Alison Sheppard at the above address (Tel: 01666 3334000.).
The Joint Special Administrators continue to realise the remaining assets of the Company. However, there is not anticipated to be any funds available to enable a dividend to be paid to unsecured creditors in this case. Please see the Joint Administrators' Proposals and Progress Reports for further information on the conduct of the Administration.
If you have any matters that you wish to bring to the attention of the Joint Special Administrators, please write to the following address:
Avalon Investment Services Limited (in special administration)
c/o KPMG LLP, 66 Queen Square, Bristol, BS1 4BE, United Kingdom
The Joint Special Administrators
For and on behalf of the Company