SPECIAL ADMINISTRATION OF BLANKSTONE SINGTON LIMITED.

 Upon the application of the Board of Directors, the High Court of Justice in England and Wales appointed Andrew Poxon, Alex Cadwallader and Hilary Pascoe each of Leonard Curtis as Joint Special Administrators of Blankstone Sington Limited with effect from 11.31 am on 13 October 2023.

The Special Administrators have secured all clients’ assets and safeguarded the Company’s systems. Clients are assured that their assets are safe.

Support is available to those affected by the Special Administration of Blankstone Sington Limited. Updates on the progress of the Special Administration will be provided on the Special Administrators dedicated website: www.leonardcurtis.co.uk/case/Blankstone. Clients are encouraged to monitor this website for updates.

The Special Administrators may be contacted using the dedicated telephone number and email address below:

Telephone        :           0161 820 4238

Email               :           blankstone@leonardcurtis.co.uk

The affairs, business and property of Blankstone Sington Limited are being managed by the Joint Special Administrators who act as agents of the Company without personal liability. Andrew Poxon, Alex Cadwallader and Hilary Pascoe are all licenced in the UK by the Insolvency Practitioners Association.

Blankstone Sington Limited remains authorised and regulated by the Financial Conduct Authority. FCA reference number 143694. Registered in England No. 02378144.

RESTRICTIONS ON ACTIVITIES

The Special Administrators consider that the quickest and most cost-effective way for Client Assets to be returned to clients is by way of a transfer to a single broker regulated by the FCA. Clients will not have access to their Client Assets until a transfer to a new broker has completed. The Special Administrators aim to conduct a transfer of Client Assets as quickly as possible and are working with all parties to avoid any protracted disruption to clients. All Blankstone staff have been retained by the Special Administrators to assist with a transfer.

Voluntary Requirements

Please note that Blankstone Sington Limited entered voluntary requirements with its regulator on 16th November 2021. The voluntary requirements remain in place during Special Administration.

Blankstone Sington Limited is restricted from disposing of its assets without the written consent of the FCA. This requirement does not apply to disposals made during the ordinary course of its business. For example, the Company is not restricted from making usual payments to its suppliers and salary payments to its employees.

The requirements also restrict Blankstone Sington Limited from accepting client money and custody assets from existing clients, and from opening accounts for new clients, without the written consent of the FCA.  There are exceptions to this requirement, for example movements associated with open trade and the positions of its customers.

Further information on the voluntary requirements can be found here