Information release on Strand Investments & Finance Limited (In Provisional Liquidation) t/a 123 Financial Services

Following an application by the Central Bank of Ireland (Central Bank), the High Court has today appointed Mr Aiden Murphy and Mr Declan Hanly of Crowe Ireland as Joint Provisional Liquidators to Strand Investments & Finance Limited T/a 123 Financial Services (Strand).

Strand is authorised as an investment business firm/investment intermediary under the Investment Intermediaries Act 1995 and registered as an insurance intermediary under the European Union (Insurance Distribution) Regulations 2018 (full details are set out on the Central Bank’s register of regulated entities). Strand has its registered office and was operating from 15 Castlemaine Street, Athlone, Co. Westmeath. N37 V2Y5.

Existing clients

All existing clients of the regulated entity will be contacted by the Joint Provisional Liquidators in the coming days and will be provided with information on the next steps regarding their investments. The Joint Provisional Liquidators will be taking control of all client files and will be conducting a full assessment of the firm and clients’ investments.

Queries should be directed to the Joint Provisional Liquidators via email at [email protected].

A dedicated telephone line has also been established for affected customers: 01 448 2339.

The Central Bank aims to provide as much information as possible to affected clients on the background to the actions taken, while fully respecting the legal process. An information website has been set up by the Central Bank, providing further details and a list of Frequently Asked Questions: https://www.centralbank.ie/news-media/press-releases/media-statements/information-release-on-strand-investment-finance-limited

For media queries, please contact:

Crowe Ireland – [email protected]

Media Relations, Central Bank – [email protected]