Enterprise calls in administrators

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Specialist finance provider Enterprise Group and some of its subsidiary companies have been placed into administration.

Enterprise and its Edge sourcing system were formally put up for sale in November following an unsolicited approach. Another subsidiary, secured loan and bridging finance company Enterprise Finance, says it will continue with business as usual. Michael Clapper, group chief executive of the Enterprise Group, says he will pursuing other opportunities as a result of Enterprise Group entering into administration. Nick O'Reilly, director in the business recovery services team at Vantis Corporate Advisers, has been appointed as joint administrator of all of the Enterprise companies. ...

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