Home of Choice has gone into administration after acquisition talks failed at the last minute.
The board has filed a notice with the High Court of its intention to appoint administrators. It said it had been working towards selling the company for some months, which it believed would bring a fresh injection of capital into the business, allowing it to grow the company and enhance broker services. Several bids were made for the company and a preferred bidder was identified. Home of Choice claimed it had had assurance from an investor and its bank that broker and staff payments, while delayed, would be made on Monday 26 April. The FSA granted a change of control to the investo...
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