National finance brokerage enters administration 10 February 2012

Loan broker giant Norton Finance (UK) has entered administration, with Duff & Phelps appointed to handle the process.

The affairs of the Rotherham-based specialist intermediary – founded in 1988 – will now be dealt with by joint administrators Sarah Bell and Philip Duffy.

According to its most recent accounts for the year ending April 2010 the company recorded a trading loss of £3,190,684 with current liabilities exceeding total assets by £1,986,688

Via InsolvencyNews – read full story here: National finance brokerage enters administration.