On 15 November 2022, the Financial Conduct Authority imposed restrictions on the investment business and activities that Pello was able to conduct without the FCA’s prior written consent. You can read more details here.
Accordingly, the directors sought professional advice and took the appropriate steps to wind down the Company’s business and appoint liquidators.
Update to clients
The company is no longer in a position to respond to client queries.
Your investments remain under the management of the Company’s custodians, being either Jarvis Investment Management or James Brearley & Sons Limited.
By now, all clients should have received communication from their respective custodian advising of the action they need to take to transfer their investments away from Pello.
Please direct any queries to the relevant custodian as follows:
- Jarvis Investment Management - 01892 510515
- James Brearley & Sons Limited – 01772 318760
Update to creditors
In order to lodge a claim, creditors can complete the attached proof of debt form and return it to email@example.com.
Any creditors recorded in the Company’s books and records will have been provided notice of the board’s intention to appoint liquidators and will be written to again shortly following our appointment.
Please note, any claims received will be recorded by the joint liquidators and only adjudicated upon should there by sufficient realisations to pay a dividend to the respective class of creditor.
Clients are reminded to contact their respective custodian on the above numbers in order to arrange the transfer of their investments away from Pello.
Should you have any queries or concerns that need to be directed to the joint liquidators, please email firstname.lastname@example.org in the first instance.