Close Brothers and other creditors to lose out following collapse of Ignition Select
Administrators' report reveals broker owes millions and has insufficient funds to pay out.
Close Brothers and unsecured creditors of Ignition Select are set to lose money following the collapse of the motor broker.
Ignition Select went into administration in July 2017 when Gary Shankland and Kirstie Provan of Begbies Traynor (London) were appointed as joint administrators.
According to a progress report filed by the joint administrators, which outlines how much money Ignition Select owes its secured and unsecured creditors, Ignition Select’s current balance of £162,682 will not
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