Mon, 03 Jan 2011 | BUSINESS SALE
London-based stockbrokers Merchant House Securities Limited (MHSL) has bought the business and assets of financial advice company The Clarkson Hill Group.
The troubled Clarkson Hill Group, based in Wisbeach, filed for administration in December of last year, following an FSA regulatory review which led to increased regulatory costs and operating losses.
Administrators - from insolvency specialist Bridge Business Recovery - were appointed on 17 December and immediately set about trying to find a buyer for the firm, which comprises a countrywide network of nine offices and has 48 members of staff. It also used the services of over 200 self-employed Independent Financial Advisers.
Joint Administrators Tony Murphy and Rob Horton have now announced the sale of the entire company, plus assets, to MHSL, which specialises in investment advice, stockbroking and corporate finance.
Murphy said, “As part of the administration process, I am very pleased that the Joint Administrators have successfully saved the business, and I hope that this will enable the new venture to move forward and succeed in the future.
“The Joint Administrators are working closely with the directors of the company and with MHSL to ensure a smooth transition of the business,” he added.
We are pleased to present an exciting opportunity to acquire a well-established and profitable online retailer that supplies quality furniture accessories used in most homes, Restaurants, Schools, Hotels etc. The Business has come to market as part o...
Premier provider of carpentry and joinery in London and counties, catering to a diverse clientele encompassing luxury and mid-range property developers, main contractors, and discerning private clients.
Established in 2000, the agency was founded with the sole intention of providing quick and efficient travel arrangements to exhibitions throughout the world. Over the years, their reputation has grown, and they now proudly boast an excellent loyal cl...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.