Mform enters administration

The Edinburgh-based business, which was launched in 2006, had developed mortgage comparison software that categorised mortgages according to a wide range of variables, including by interest rates, arrangement fees and redemption periods. 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 MacLen...