London advice firm enters liquidation after FCA restrictions

An update posted by the regulator today (16 July) noted that on 11 July, the directors of Donre Advisory appointed Sean Bucknall and Andrew Hosking from Quantuma Advisory as joint liquidators having considered the firm's financial position. This comes after the FCA placed restrictions on the firm on 17 May 2024, which prevented it from carrying on any regulated business.  The regulator said it imposed restrictions because the firm was operating without any FCA-approved senior manager function holders and did not have adequate resources. Donre Advisory has entered creditors' volunta...