The company, Aurora Corporate Services, was set up last year after the troubled insurer collapsed, to settle the remaining insurance claims filed before Independent Insurance was liquidated.
According to PwC, there are a number of small companies that are interested in buying the business. The sale of the company would enable Aurora, which already employs 420 people, to expand and deal with more claims.
Provisional liquidator Dan Schwarzmann said: ‘Gaining access to investment capital will allow Aurora’s management and staff to realise their vision to become a major player in the business process outsourcing market.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies