Administrators from PricewaterhouseCoopers have been appointed at some of the
subsidiary businesses of the Millfield Group, the independent financial adviser.
It is expecting that PwC will be appointed as administrator of the Millfield
Group itself in the next few days, the company said in a statement.
Last week Millfield agreed to sell its Sage Financial Services unit and the
assets of its MPL business to Money Portal, the financial services group, for up
City watchdog the Financial Services Authority has approved the deal.
Millfield said it did not anticipate that there would be any return of
capital to shareholders.
Political and economic uncertainty behind the fall in confidence
Just Racing Services, operating company of the Manor Racing Formula One team has entered administration
Last year 16 oil and gas companies became insolvent, finds Top Ten firm Moore Stephens
Team Rock the publication of classic rock is in administration with FRP Advisory