Specialist finance provider Enterprise Group and some of its subsidiary companies have been placed into administration.
Enterprise and its Edge sourcing system were formally put up for sale in November following an unsolicited approach. Another subsidiary, secured loan and bridging finance company Enterprise Finance, says it will continue with business as usual. Michael Clapper, group chief executive of the Enterprise Group, says he will pursuing other opportunities as a result of Enterprise Group entering into administration. Nick O'Reilly, director in the business recovery services team at Vantis Corporate Advisers, has been appointed as joint administrator of all of the Enterprise companies. ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
