There has recently been a spate of established finance businesses struggling, as over the last three months Playfair Investments and financial brokerage Liquid Financial Management have also fallen into liquidation, with administrators brought in to wind up the businesses.
The Mortgage Shop, also known as Investaco, appointed administrators, Gordon Craig, on 15th May 2014. Creditors are advised to submit details by 12 noon on the 25th July to make claim.
Whenever a business goes into liquidation there are many knock on effects to employees, customers and creditors. Seeking out sound advice on which companies you select to work with is always advisable before you sign contracts for a finance or any commercial contract. Independent finance industry experts, such as FindmeaFactor’s MD Hugh Craen, have insights, gained through many years of experience in working with finance companies on a day to day basis, that can help you evaluate not only the best terms for your finance solution, but also which firms are most credible in the market place.