Fairpoint to bring in administrators

Fairpoint Group, the consumer professional services company, has said it intends to bring in administrators, blaming the "onerous lease" on its head office. Fairpoint has an annual commitment of £1m a year for the next four years on its lease of its Fairclough House headquarters in Adlington, near Chorley, in Lancashire. This has made it hard to find ongoing support for the non-legal subsidiaries and it is no longer able to continue trading as a going concern, the group said today. It has filed notice of intention to appoint... For the full story register now for free or login below...
Close