Opus Mortgages liquidated

Ian Wright and Colin Murdoch of Invocas Business Recovery and Insolvency Limited have been appointed as joint provisional liquidators of the firm. Commenting on the liquidation proceedings, Wright says: “Regrettably Opus is another example of the fallout from the credit crunch. While management attempted to restructure the business and adjust to significantly lower activity levels it was unable to trade out of its difficulties given current market conditions.” Opus has now ceased trading and all 15 employees have been made redundant, while the liquidators will now ensure the position of ...