Mazars Appointed to Pritchard Stockbrokers

Tim Ball, Steve Wood and Rod Weston of Mazars, are to lead the administration of Bournemouth-based stockbroking company, Pritchard Stockbrokers.

The appointment is part of an arrangement following process agreed by the FSA as a result of court proceedings.

Although some of the company's assets have already been sold to W H Ireland, there is still a substantial amount of money due to more than 5,000 clients, which needs to be handle by the administrators.

The administrators will be writing to all known creditors and clients who may be owed money in the very near future with regard to the appointment, to be followed by proposals and a creditor report within the next eight weeks. Meetings of creditors and clients will be convened within 10 weeks.