Firm caught up in fraud investigation is pre-packed

A COMPANY whose contracts with collapsed Warrington funder Total Asset Finance are at the centre of a Serious Fraud Investigation is under new ownership for the second time in four months.

H2O Networks has been placed into administration by its new owner City Fibre Holdings, and the same management team has bought back its business and assets.

City Fibre Holdings had bought H20 Networks (and sister firms Fibre City Networks, Opencity Media and Wireless City Networks) from former parent firm I3 Group in January... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...