Coverzones bought out of administration
Coverzones’ assets have been bought out of administration by its management team, supported by an unnamed major private investor.
The company went into administration on 10 May and Broking.co.uk exclusively reported its decision to cease taking on new business.
In January 2009, Coverzones entered exclusive discussions with a global financial services brand for the sale of the business. Following the "eleventh hour" collapse of the takeover talks in February, Coverzones said it was ultimately unable to secure the working capital needed to avoid going into administration.
In a statement the commercial aggregator said its
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