AIM-listed national IFA Clarkson Hill has appointed Bridge Business Recovery as administrator.
As a result, Cairn Financial Advisers LLP, Clarkson Hill's existing nominated adviser and broker, has resigned with immediate effect. It follows an announcement on 6 December in which Clarkson Hill said, as a result of a variation in its regulatory permissions, it had been unable to undertake any regulated activities from 5pm on 3 December. If within one month following the resignation of Cairn the company has failed to appoint a replacement nominated adviser, the admission of Clarkson Hill's shares to trade on AIM will be cancelled. The Board of Clarkson Hill continues to consider...
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