Have you been emailed by RSM administrator?

I received the email on 1st June (although I haven't had money in Ly for over 2 years)

Nothing. What's their email address?

Ah ok. It was just a generic mail stating the process. They didn't ask me to provide any details 🤔

In the message, Mr Webb stated: "Other Matters: We shall also be pleased to receive any useful information concerning the Companies, its dealings or conduct, which may assist us in our investigation into their affairs.”


Please - can everyone write to Mr Webb with their issues at lendy.restructuring@rsmuk.com


The more collaborating evidence against Lendy and LB, hopefully they can take him to the cleaners!

Just got another one.

Info no doubt will be posted in the locked thread soon:

Our ref: Your ref:
DW/PXS/MXW/JP/LCJ/MCKlLMLlSD/1084885724/25/ADMP0430
._-_. RS~JI
25 Farringdon Street London
EC4A 4AB
United Kingdom
T +44 (0)20 3201 8000 F +44 (0)20 3201 8001
rsmuk.com
7 June 2019
TO ALL KNOWN INVESTORS
Dear Sir/Madam
Lendy Limited ("Lendy"), Lendy Provision Reserve Limited and Saving Stream Security Holding Limited - all in Administration (together "the Companies")
I write further to our letter of 31 May 2019 and to provide a further update to you, including responses to common queries from Investors generally.
Client account monies
As noted in the previous update, if you have recently requested a balance withdrawal which has not yet been received into your bank account, then it will be held within the client account (even if the amount has been deducted from your Available Funds).
Lendy was made subject to an asset restriction by the FCA, which has meant that payments from Lendy's bank account have been restricted and no payments will be released until a full reconciliation has been completed.
This exercise is not finalised; however, we can report that the initial analysis shows that the client account balance matches the sum held in the bank account, being £1 0.17m. We will provide a further update in this matter next week.
Provision fund
Questions have been asked by Investors regarding the 'provision fund'. The company that holds this fund, Lendy Provision Reserve Limited, has also entered Administration and we are working with the bank to secure the monies held.
Again, legal advice will be sought as to how these monies will be used and a further update will be provided in due course. This is a complex point and is not anticipated to be resolved in the short term.
Administrators report and proposals
As noted in the FAQ's uploaded to the Lendy website, within eight weeks following appointment the Administrators will be issuing a report to creditors which will outline their strategy and include their proposals for achieving the purpose of the administration, for each of the Companies.
The Administrators will share these reports with the Investors.
THE POWER OF BEING UNDERSTOOD
AUDIT ITAX ICONSULTING
RSM Corporate Finance LLP, R$M Legal LLP. R$M Restructuring Advisory LLP. RSM Risk Assurance Services LLP, RSM Tax and Advisory Services LLP. RSM UK Audit LlP, RSM UK Consulting LLP and Baker Tllly Creditor Services LLP are limitedliabilitypartnershipsregisteredInEnglandandWales,with registerednumbers0(325347. 0(402439,0(325349,0(389499.0(325348,0(325350,0(397475 and0(390886 respectively.RSMEmployerServiceslimited, R$M HR Limited, R$M UK Tax and Accounting Limited and RSM UK Management Limited are registered In England and Wales withnumbers 6463594, 3539451,6677561 and 3077999 respectively. RSM Northern Ireland (UK) limited is registered in Northern Ireland at Number One Lanyon Quay, Belfast. BT13LG with number N1642821. All other limited companies and limited liability partnerships are registered at 6th Floor, 25 Farrlngdon Street. London, EC4A 4AB.
The UK group of companies and LLPs trading as RSM is a member of the RSM network. RSM is the trading name used by the members of the RSM network. Each member of the RSM network is an independent accounting and consulting firm which practises In its own right. The RSM network is not itself a separate legal entity in any jurtsoicttoo.
RSM LegallLP Is authorised and regulated by the Sotìcrtors Regulation Authority, reference number 626317.
Baker Tilly Creditor Services LlP is authorised and regulated by the Financial Conduct Authority for credit-related regulated activities. financial services register number 619258.

Lendy Limited, Lendy Provision Reserve Limited and Saving Stream Security Holding Limited - all in Administration
contd.
Platform update
The platform update will be available early next week.
Le??stÓ_____.
Phillip Sykes
RSM Restructurmg Advisory LLP Joint Administrator
lendy.restructuring@rsmuk.com Direct line: 020 3858 9653
Encls
._-_. RS~JI
Yours faithfully
for and on behalf of
Damian Webb, Phillip Sykes and Mark Wilson are licensed to act as Insolvency Practitioners in the UK by the Institute of Chartered Accountants in England and Wales
Insolvency Practitioners are bound by the Insolvency Code of Ethics when carrying out all professional work relating to an insolvency appointment
The affairs, business and property of the Companies are being managed by the Joint Administrators who act as agents of the Companies and without personal liability
RSMUK 2 7 June 2019 DW/PXS/MXW/JP/LCJ/MCK/LMUSD/1084885724/25/ADMP0430

sounds like the client account is going to be used to start paying for this wind down.doubt there will be anything left in the provision fund account.