Date Published: 31st May 2019
On 31 May 2019, Dean Watson & Paul Stanley of Begbies Traynor were appointed as Joint Administrators of Harewood Associates Limited.
The Joint Administrators are liaising with the directors to obtain all necessary information and will be investigating the causes of losses and establishing the current financial position, especially in relation to investor monies.
We are aware that a number of fixed period investments were due to have matured on 1st June 2019. Unfortunately the Company’s insolvency means that no investments can be repaid on their due dates. We are not yet in a position to advise investors as to what monies, if any, they may recover in due course.
The business was not regulated by the FCA and we do not believe that any investor losses will be covered by the FSCS.
As this early stage, we are not in a position to provide any specific information to investors, but any updates will made available on this number or posted on our dedicated client portal. Details of the portal will be provided in our initial letter which we will post to all investors no later than Friday 7th June.
Due to the volume of enquiries being received in relation to this matter we are unfortunately unable to speak to investors individually as this would prevent us from performing our duties.
Please direct all enquiries to [email protected]
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Dean is a Qualified Accountant (FCCA) and Licensed Insolvency Practitioner with over 25 years experience in the accounting profession. Dean joined Begbies Traynor in 1999 after spending 10 years working in general audit and accountancy practice. Based in the Manchester and Preston offices, he has worked on a variety of assignments including formal insolvency appointments and providing advice to various stakeholders in situations where financial distress is present.
Dean has gained significant experience in the Legal Sector after dealing with a number of distressed Legal and other professional services firms in recent years and jointly heads up the North West Professional Services team.
As well as business reviews and formal insolvency appointments, practical solutions and hands on turnaround assignments have also been one of Dean’s main focuses. This has generally been in support of high street clearing banks and other financial institutions.