Another broker enters administration
Castle Personal Insurance Brokers has entered administration as an expensive acquisition strategy went wrong.
The Hemel Hempstead-based broker, which turned over £1.2m in 2010, made several expensive acquisitions that failed to work out which has resulted in all 18 staff being made redundant.
Tony Murphy and Paul Boyle of insolvency specialist Harrisons have been appointed joint administrators.
The assets of the broker have been sold to Buckinghamshire-based broker and agent Taylor Francis.
Mr Murphy said: “We will work closely with Taylor Francis to ensure that the transfer of certain of the assets
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