Asset Backed Management Limited was placed into provisional liquidation on 12 April 2019 following an application issued by the Insolvency Service on behalf of the Secretary of State for Business, Energy and Industrial Strategy.
The company has been selling asset investment opportunities to members of the public, including corporate bonds and alternative bonds, and was given 13 days notice of the hearing in the High Court in London but failed to attend.
The company promoted its business through the website www.assetbackedmanagement.com and would contact prospective customers through cold calling. Both activities were in breach of financial regulations put in place to protect the public.
Asset Backed Management Limited is not, and has…
Read the full article at: https://www.gov.uk/government/news/asset-investment-company-placed-in-provisional-liquidation