Bolton departs as Edeus calls in administrators

Co-founder Michael Bolton has been made redundant as a result of the move, which managing director Alan Cleary says could bring down the company for good if it fails to find a new investor. Cleary says the company's problems stemmed from its original role as a mortgage lender, pointing to the struggles in the sector. He adds the firm's move, from April, into the credit and collection services arena has proved "very successful" but fears it may not be enough. KPMG says Edeus Mortgage Creators and Edeus Creators will continue to trade in the near future and says all customers currently on ...