We assisted an AIM-listed company who specialises in motor insurance intermediary services for the high street insurance companies.

Following a £400,000 bad debt, the loss of a large client and a complete change in the senior management team in January 2006 Crown arrears totalling some £260,000 were accumulated.

We were able to negotiate a nine month repayment plan and further assisted in the refinancing of the business and in bringing its financial affairs up to date to satisfy a number of stock exchange requirements.

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