Computershare Bradford and Bingley outstanding payments

buser3

Hi,
A few months back I got a letter from Computershare containing a cheque for "outstanding payments" I was due, not a huge amount but an unexpected cheque for £30 is always nice. I used to get share dividents from Computershare, but havent heard anything from them for a decade or so since B&B collapsed. So it was a bit of a surprise to get a letter telling me to cash the cheque within 6 months or else they'll start charging me £6 a year for administration of my account.

Anyway I just found the cheque today having lost it. But it got me wondering why after 11 years I was being sent a cheque at all? I assumed any money to do with my shares would be long gone and any accounts I still have would be with Santander.

Anyone got any ideas?

Sorry if this is the wrong forum, but as I assume its to do with my old shares it seemed the best bet.

Notepad_Phil

We too had shares in them but we've not received any letter/cheque from them for years, so I'd assume that you may have forgotten to pay in a dividend cheque before they went belly up.

I would have thought that they would have been in contact sooner, but maybe you moved house and they lost contact?

iglad

Ive just checked my computer share account and lo and behold my pre nationalisation Bradford & Bingley are listed there. I've never had a letter from them about payment or a cheque.

buser3

Notepad_Phil wrote: »

We too had shares in them but we've not received any letter/cheque from them for years, so I'd assume that you may have forgotten to pay in a dividend cheque before they went belly up.

I would have thought that they would have been in contact sooner, but maybe you moved house and they lost contact?

Thanks that sounds sort of right. Ive got a vague memory of either not paying one in or I didn't get one when other members of my family did. Still surprised the money was still there and that its shown up after so long as I havent moved in that time.

Anyway that seems the most likely explanation.

1882

The last B & B cheque I got was a dividend one around a year after they went belly up.