Another brokerage has collapsed into liquidation, after a winding up order issued against it was upheld in court.
Liquid Financial Management Limited, which specialised in bridging, commercial and development finance, faced a winding-up hearing at the Royal Courts of Justice earlier this month.
A usual compulsory order was imposed on the firm after the company failed to rectify their debt issues before the hearing.
The move leaves a gaping hole for its diverse range of clients, which includes a number of property developers.
Advice from the brokerage covered an array of products for commercial and residential purposes including bridging, commercial, development and buy-to-let finance. The firm also sourced house purchasing for clients.
The company started in 2006 and has spent the last eight years building long term relationships with its clients, in some cases with those looking to build property portfolios.
This incident follows a recent string of industry brokerages falling into liquidation; including MAC Financial LLP, Worldwide Finance Solutions and Seaford Property Finance. The latter of which recently appealed the order to prove it was in fact solvent.
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