CR-2025-005763 and CR-2025-005674 - [2025] EWHC 2318 (Ch)

The “practice statement letter” relating to the SWS Scheme (the “SWS Practice Statement Letter”) was circulated on 5 August, 28 days prior to the convening hearing. I regard that as adequate time, and no one has suggested otherwise. There has been standard notification through administrative parties and through the clearing systems. The SWS Practice Statement Letter provided details of today’s hearing, and no creditor has come forward to suggest that I should not convene a hearing in the timetable requested.

Mr Slyfield’s witness statement shows that adequate steps have been taken to distribute the SWS Practice Statement Letter.

The scheme meeting is proposed to take place on 30 September 2025, which I regard as adequate notice. The SWS Scheme is urgent as there is an urgent need for the Sponsor’s money, given the financial condition of the WBS Group and its need for cash. The notice period is adequate in that context.