Lawyer requests details of Honister commission sale

Grant Thornton was appointed administrator for Honister Capital last month after the advisory group failed to secure professional indemnity insurance for its member firms. It later sold the recurring income of Honister advisers to specialised corporate adviser MacRobins Ltd. It said the revenue belonged to Honister and that it was doing its duty to recover value out of the business. It also said it was acting as other insolvency practitioners had done in the sector. But law firm Regulatory Legal, which is acting on behalf of a number of Honister advisers, has requested further deta...