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.
This Digital & Software business located in Reigate is now on the market. It has an excellent client base due to its fantastic reputation for service, which has built up since its launch in 2018. Only selling due to personal reasons, the current owne...
This well-regarded and relocatable Health Food business has now come to the open market. Since its establishment in 2021, the business has acquired a great reputation amongst its customers, known for its quality service and friendly staff. Both its l...
RELOCATABLE
This is a fantastic opportunity for a buyer to acquire a recognised Accessories Shop business offered on a relocatable basis.
RELOCATABLE
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.