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 well-established facilities management business in London, specialising in cleaning, maintenance, and security services, offers a unique opportunity with multi-year service agreements ensuring predictable recurring income. This opportunity prese...
This thriving value added meat company, prominently featured in major retailers like Tesco and Sainsbury's, boasts impressive growth with sales projected to more than double by 2026. The business has shown remarkable growth and we are poised to incre...
This London-based health and beauty dropshipping store presents a remarkable opportunity with its fully responsive website, a strong emphasis on eco-friendly products, and a mission to protect bees, setting it apart in the market. The sale of the bus...
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.