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Davenham Group

  • BY: Andrew Hore |
  • POSTED: 17/10/2011 |

Asset-backed finance provider Davenham Group says that all of its subsidiaries appointed MCR as administrator on 17 October.

On 3 October, Davenham said it intended to appoint an administrator after its banking syndicate did not renew its facility. The group’s loan book will be run-off in an orderly manner.

The shares were suspended on 3 October at 0.95p. Hawkpoint Partners has resigned as nominated adviser and the quotation will be cancelled by 11 November.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFOctober2011_25.pdf

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