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City & Merchant Limited Enters Liquidation
Abstract：On 11 September 2024, City & Merchant Limited, a firm previously authorized by the Financial Conduct Authority (FCA), officially entered liquidation.
On 11 September 2024, City & Merchant Limited, a firm previously authorized by the Financial Conduct Authority (FCA), officially entered liquidation. This decision was made with the appointment of Dermot Coakley and Shaun Walker from WSM Marks Bloom LLP as joint liquidators to oversee the winding-up process.
Background
City & Merchant Limited was known for its corporate finance advisory services, fund management, and trading operations. However, on 14 June 2024, the FCA imposed restrictions on the firm, barring it from conducting any regulated activities. This move was part of a broader regulatory action to address compliance issues and protect clients and creditors.
Liquidation Process
The liquidation process was initiated on 11 September 2024, with Dermot Coakley and Shaun Walker appointed as joint liquidators. Their role is to manage the liquidation of the firm's assets and ensure that any remaining value is distributed to creditors.
The joint liquidators will soon reach out to customers with detailed information on how they will be affected by this development. For any queries or concerns, affected individuals can contact the joint liquidators directly:
Email: Manpreet.khera@wsm.co.uk
Telephone: 01483 405160
This liquidation marks a significant turn for City & Merchant Limited, and the focus will now be on managing the fallout and addressing the needs of its creditors and clients.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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