Clarkson Hill closure threat; £300k lost in commission switch

The national IFA, which has resumed trading today after its suspension for failing to publish accounts, says it is in discussions with several parties about an injection of capital. "Currently the directors are in discussions with a number of parties and are confident that this objective will be achieved, however if it is not forthcoming the company may not continue as a going concern," it said today in its 2009 results. The group reported an operating loss of £104,999 for the year (before exceptional items), compared to a loss of £645,095 for 2008. It said these losses reflected ...