Cleardebt chief executive David Mond has appointed administrators to his
recently acquired rival IVA firm
Jonathan Elman Avery-Gee
of Kay Johnson
Gee has been appointed administrator to AIM-listed Relax, which has
operated under names such as Debtcare and Synergi.
Its shares were suspended on 6 October pending clarification of its financial
Mond denied to the
Telegraph that he had bought the business only to place it
into administration, saying that its insolvency was imminent as the company had
been in financial difficulty for some time.
He had bought the company’s debt from Barclays several days earlier.
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The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
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