After a number of weeks appearing in the papers, Bloxham announced today the appointment of Kieran Wallace of KPMG as Provisional Liquidator. This appointment comes after the Central Bank directed the stockbrokers to suspend trading last Friday, 25th May 2012. A petition was presented to the High Court by the stockbrokers to wind up the company. However, this appointment of a Provisional Liquidator will not affect the announcement that the sale of its asset management business was concluded with Davy. In addition, private client funds are safe.

The Provisional Liquidator, if officially appointed, will wind down the company in the usual manner and all creditors will be notified. Insolvency Journal will keep its readers informed of any developments with the case.