Purchasers have been found for the company’s 42,708 live cases, with all claimants informed of the transition. A core team will be retained to help the administrators conduct a wind down of the business over the next few months.
Collier, partner at FRP and joint administrator, said: “The financial challenges facing SSB put incredible pressure on the business and, regrettably, meant it was unsustainable in its current form without significant investment.
“We’re working with staff to support their applications to the Redundancy Payments Service.
“While SSB is no longer trading, we’ve secured the transition of all live case work to new providers and have notified clients.”
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