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Birmingham Post
Birmingham Post
Business
Jon Robinson

FOUND: Debt advisor owed over 26m when it entered administration as 31 employees made redundant | Mind Blowing Facts

A Greater Manchester company that provided advice and support for people across the UK to help them manage debt entered administration owing more than £26m, it has been revealed.

The Iva Advisor had administered over 8,500 cases from its base in Cheadle and employed 48 members of staff when FRP was appointed to oversee the business on August 10.

Immediately after the appointment, 29 employees were made redundant, followed by two more on August 31.

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