Old Bradford and Bingley shares

Norust

Back in 2000, I purchased Bradford and Bingley shares on behalf of my daughter who at that time was still at  school. (They are in my name).  We recently found a copy dated  2009 which records the existence of said shares, and I wonder if, despite the eventual demise of B and B and its purchase by others, these shares still have any value and can be redeemed.

wmb194

Norust said:

Back in 2000, I purchased Bradford and Bingley shares on behalf of my daughter who at that time was still at  school. (They are in my name).  We recently found a copy dated  2009 which records the existence of said shares, and I wonder if, despite the eventual demise of B and B and its purchase by others, these shares still have any value and can be redeemed.

No, B&B shareholders were wiped out i.e. zero value. The government nationalised it and shareholders received no compensation, the argument being that its shares would still have been worthless if it had instead been allowed to fall into administration and without nationalisation administration was the most likely outcome.

https://www.thisismoney.co.uk/money/article-1292659/One-million-told-Your-Bradford--Bingley-shares-worthless.html