Trustguard, a mortgage packager, will go into voluntary liquidation after being placed in administration.
Ernst & Young will assist Trustguard’s director with the liquidation process, while all but three staff have been made redundant.
The packager has suffered since the onset of the credit crunch as much of its business was in the sub-prime sector, which has all but dried up.
The firm will no longer be accepting business but applications that have already been received will be processed.
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