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Interlink Premier firms win court delay

Former Interlink Premier Network members have gained a court adjournment they hope will prevent their former network hanging on to their renewal commission.

Members have asked the court for more time to prepare for the hearing which will decide whether the renewal commission from providers belongs to the members. Interlink ceased trading on March 18 following 12 months of financial difficulties, leaving many of the188 members owed backdated commission.

Some members say they are owed tens of thousands of pounds from the firm and believe they will have little chance of recovering their losses if money is pooled to cover the network&#39s existing debts.

Advisers say they have contacted individual providers to find out if they can access their renewal commission direct but have been referred back to administrator Grant Thornton.

TLT Solicitors associate David Prideaux representing the administrators says it hoped to go to court this week to consult on the next stage of the admin process which will include a review of commission income but this has been adjourned.

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