PwC confirms Millfield subsidiaries sale

clock

PricewaterhouseCoopers administrators of a number of Millfield Group subsidiaries have confirmed their sale to Bates Investment Services Limited.

The subsidiaries involved are: Millfield Partnership Limited, HST Financial Services Limited, Millfield Atlas Limited, Addiscombe Group Limited, and Millfield Management Services Limited. No price for the deal has been confirmed. PwC says its administrators, Mike Jervis and Dan Schwarzmann, were appointed to the subsidiaries on 3 July on a joint-administrator basis. They were appointed joint administrators of Millfield Group plc on 7 July. Jervis said: “We are delighted we were able to sell the business and assets of the Millfield group of subsidiaries. The sale has ensured continui...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

AI adoption not a 'must' for advice industry but it can leverage services

AI adoption not a 'must' for advice industry but it can leverage services

‘You are not struggling for clients, so it is a great place to be.’

Isabel Baxter
clock 01 May 2024 • 1 min read
Long-term financial planning proving increasingly difficult

Long-term financial planning proving increasingly difficult

Cash ISAs were the preferred vehicle for those planning over the long-term

Sahar Nazir
clock 01 May 2024 • 1 min read
Financial Conduct Authority's regulation 'lacks coherent vision'

Financial Conduct Authority's regulation 'lacks coherent vision'

‘It does feel like the wind has been in our faces over the past few months’

Isabel Baxter
clock 01 May 2024 • 2 min read