Welcome Financial Services Limited – in Creditors’ Voluntary Liquidation

Ed Boyle and Ben Leith of Interpath Advisory 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.

The deadline for submission of claims in the liquidation passed on 31 March 2020.

On 19 February 2021, the Joint Liquidators declared and paid a first and final dividend to all creditors with a claim admitted in the liquidation. Dividend payments should be received by 26 February 2021.

The liquidation has now entered its final stages and the Welcome Finance customer service centre is now permanently closed, and unable to answer any further customer queries.

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

Customer Loans

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.

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 contact the Joint Liquidators in writing at ‘Welcome Financial Services Limited- in Liquidation, c/o Interpath Advisory, 15 Canada Square, London, E14 5GL’.

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 – www.interpathadvisory.com/privacy-insolvency 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 Interpath Advisory, 15 Canada Square, London E14 5GL