News
Joint Liquidators appointed to Lonsdale Insurance Brokers Limited
Neil Bennett and Alex Cadwallader, Directors at Leonard Curtis, were appointed Joint Liquidators of Lonsdale Insurance Brokers Limited (“Lonsdale” or “the Company”) on 24 July 2024.
Lonsdale, based in central London, had been trading since 1996 as a Lloyd’s of London insurance broker and was a provider of risk-related services.
The Company employed four permanent staff and operated with several authorised third party brokers. The Company is a Financial Conduct Authority (“FCA”) authorised and regulated entity.
Neil Bennett commented: “The Covid-19 pandemic impacted dramatically on the Company, with many of its existing clients not continuing in the marketplace. The Company also continued to suffer from a lack of working capital, which led to the investors having to support the business. “
Discussions were held regarding a potential sale of the business, but it was eventually decided that, despite continued investor funding, a sale was not going to complete. Owing to current economic pressures and general uncertainty in the insurance sector, investors confirmed they were unable to continue providing funding and consequently the Director took the decision to cease trading in June 2024.
Client Money Accounts and the Return of Funds
The Joint Liquidators are currently in the process of reconciling the Company’s client money accounts, with the assistance of an experienced firm of insurance auditors, in order to agree a strategy for the return of funds to the appropriate parties.
If you were a client of the Company and you believe sums are being held which should be returned to you, please provide further details to us via the email address detailed below.
Creditors
If you believe you are owed monies from the Company, please provide the Joint Liquidators with details of your claim in writing, either by email or post.
Financial Services Compensation Scheme (“FSCS”)
FSCS exists to protect customers when some financial services firms fail. It is the compensation scheme for customers of UK authorised financial services firms. It has eligibility criteria in respect of the people and businesses who are covered.
FSCS will assess whether there are valid claims for compensation. The Joint Liquidators will work closely with FSCS and provide any further updates when available.
Please find below the link to the FSCS website which will provide you with more information on your eligibility and how to make your claim:
FSCS has a dedicated webpage for Lonsdale customers - click here.
Scams
All clients should remain vigilant to the possibility of fraud and scams. Where financial firms enter an insolvency process, fraudsters may sometimes approach clients claiming to be able to recover their funds or investments in return for an advance fee. Sometimes the fraudsters claim to be from the Company or the Joint Liquidators’ office. You should be wary of any unexpected call, email or other contact which asks for money in this manner. FCA guidelines are available at:
www.fca.org.uk/consumers/protect-yourself-scams
Leonard Curtis Contact Details
Our website: www.leonardcurtis.co.uk
Email address: Lonsdale@leonardcurtis.co.uk
Telephone: 020 7535 7000
Feedback Form
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Donec ultricies consequat.
News and insights
Get in touch
with Leonard Curtis
Forward
with purpose
Reach Commercial Finance Limited. Registered in England no 09056450. Leonard Curtis is a trading style of Reach Commercial Finance Limited. Leonard Curtis is a broker not a lender and is independent with access to the whole of market. We may receive commissions that will vary depending on the lender, product or other permissible factors. The nature of any commission model will be confirmed to you before you proceed. Authorised and regulated by the Financial Conduct Authority FCA no. 753686. Registered with the Information Commissioner’s Office reference ZA069234
Leonard Curtis Legal Limited is a limited company, registered in England and Wales with registered number 09820186. Registered office: Riverside House, Irwell Street, Manchester M3 5EN. Leonard Curtis Legal Limited is registered with the Solicitors Regulation Authority with number 626004.