Vantis rescued from administration

The business services group announced the £6.8m purchase this morning, the day after Vantis, the IFA firm's parent company, had gone into administration after attempts to reduce its debt levels failed. The deal will see RSM Tenon take on Vantis' business and insolvency advice arms as well as the financial advisory firm, safeguarding 300 jobs. Vantis had been forced to call in administrators FTI Consulting after all possible escape routes, including attracting new investors or restructuring its balance sheet, fell through. "The directors have vigorously explored every available opti...