Leadbay Media Group's assets will be sold without liabilities tomorrow at midday, leaving brokers roughly £200,000 out of pocket and outstanding debts of over £600,000 to November 2010.
A further £80,000 of debt is expected to accrue over December, according to the buyers' pack passed to Mortgage Solutions this morning. The company accepted the final bids yesterday at midday and will accept the highest offers for bids for two packages of the firm's assets by 12 noon tomorrow, including details of the broker database with all relevant contact details. According to a company statement, fixed price lead sales and poor market conditions contributed to the firm's demise. Managing director Grant Stevens was unavailable for comment. However, a Leadbay performace summary ...
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