From the administrators' statement

Due to an uninsured PI claim relating to advice given in 2001 The claim has been upheld but it is yet to be quantified We are advised that the claim will be a ‘six figure sum’ which will render the Company insolvent The director has suggested that other claims may follow

We have provided further details of the sale below, in accordance with the requirements set out in Statement of Insolvency Practice 16

Source of the administrators’ initial introduction

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GKS Pensions & Investments Limited (03672985)

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