Phoenix purchases assets of Mortgage Times

Phoenix CPG, AR of IFA The Phoenix Group, has also acquired some of the assets of the network Network Data, which collapsed in 2008. A spokesman says Phoenix purchased the Mortage Times assets as part of an expansion drive, and expects to pick up "a lot of orphan clients" from the failed network. In December, Mortage Times' directors sent a letter to their advisers saying the company had ceased trading and was about to be placed in administration. John Kelmanson, principal at the company's admnistrator Kelmanson Insolvency Services (KIS) says: "It is our task to realise as much va...