Specialist mortgage comparison website company Mform has gone into administration.
All 10 staff have been made redundant with immediate effect and administrators Tenon Recovery are now marketing the intellectual property and assets of the business for sale.
"Unfortunately the business has been severely affected by the downturn in the housing market and there was no alternative but to cease trading with immediate effect," says Tom MacLennan, director with Tenon Recovery.
"The company has valuable intellectual property that will be of interest to any company engaged in online consumer marketing."IFAonline
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected