Meston Reid & Co were approached for financial/insolvency advice by the sole director of Simply3G because the company was experiencing difficulties. Following a review of the overall position Simply3G was advised to cease trading at the earliest opportunity. The company is insolvent. In order to notify as many customers of this as quickly as possible a message was placed on the Simply3G website.
Michael J M Reid is a licensed insolvency practitioner and partner at Meston Reid & Co. He has agreed to act as interim liquidator and his appointment is anticipated soon following which all known creditors will be notified. Due to the number of customers it would be appreciated if you could remain patient whilst initial queries are answered.
In order to help you meantime, I can provide the following information:
- No further payments will be issued to customers under the terms of your agreement with Simply3G
In order to avoid your mobile contract being terminated, you should continue to make payment to your network provider i.e. Three, T-Mobile, O2 etc. Your mobile contract is with the provider and not Simply3G.
- The accounting details that I have suggest that you will not receive full payment from Simply3G. Indeed, there may be no payment at all. The level of any dividend depends upon the assets realised for the liquidated estate less all costs of the liquidation process. All creditors will be kept informed as matters progress.
- Upon the appointment of interim liquidator a claim form will be sent to you which you should return to this office providing details of all money due to you by Simply3G. There is no requirement to continue sending your bills to Simply3G.
You have received this email because I hold your details. There is no requirement to contact me further meantime.
Only urgent matters will be dealt with individually.
Graham Smith
Insolvency Senior
Please visit the Meston Reid & Co's dedicated insolvency website at www.scotdebt.net for further information |
