Corrie Bauckham Batts Limited enters liquidation

You should contact your insurer immediately to make sure that the policy is valid. You can find details of your insurer in your policy documents. 

The liquidators will carry out an assessment of the client money that is held by the firm to confirm the current position. Following the assessment, the liquidators will work to return as much client money to customers as possible, as quickly as possible.  

Renewals will generally not be processed. The liquidators will determine in due course how best to return the client money. 

The liquidators will write to all known creditors and provide further updates.

Costs associated with distributing client money back to customers, including the liquidators’ fees, will be deducted from the client money. Please see below regarding Financial Services Compensation Scheme (FSCS) coverage for these costs for eligible customers. 

The FSCS exists to protect customers when financial services firms fail. It is the compensation scheme for customers of UK authorised financial services firms. It has eligibility criteria both in respect of the people and businesses who are covered, you can see more information[2] on what FSCS cover. 

For eligible customers, the FSCS will cover client money shortfalls including the costs associated with their distribution back to customers. For GII firms, such as Corrie Buckham Batts Limited, cover is 100% for some insurances, and 90% for all other types of insurance. You can read more about the FSCS[3] and how to contact them[4]. 

The liquidators will work with the FSCS to determine the position and will provide further updates. 
 

No, you don’t need to use a claims management company (CMC) to make a claim.  It is free and simple to do it yourself.  It’s important to remember that CMCs will charge you a fee for their services, which may reduce what you get back.

If you are considering using a CMC to assist with the return of your assets, we suggest you first discuss this with the liquidators using the contact details provided on their website.  

All customers should remain alert to the possibility of fraud. If you are cold called by someone claiming to be from Corrie Bauckham Batts Limited or Menzies LLP please end the call and contact the liquidators directly using the details above. 

Details of the requirements applying to the firm can be found on the Financial Services Register.[5]