Cheshire wealth management firm ceases trading and enters administration
Thu, 20 Aug 2020 | ADMINISTRATION
Sequence Financial Management has ceased trading and entered administration. The Northwich, Cheshire-based wealth management firm specialised in pensions and investment and offered services ranging from financial planning to wealth management, corporate advice and pension reviews to private and corporate clients.
Andrew Poxon and Mike Dillon of the Manchester office of business recovery firm Leonard Curtis have been appointed as joint administrators for the company. In a statement, the joint administrators said that they had been appointed on August 12 and that SFM had ceased trading prior to their appointment.
The joint administrators added that all enquiries relating to the administration should be forwarded to Leonard Curtis’ Riverside House office in Manchester.
SFM, which operated from Rudheath Way in Northwich, was founded in 2010 and lead by Managing Director Robert Eskild. Within two years of its founding, the company advised on funds worth £20 million.
The company’s most recent accounts filed at Companies House were made up to the year ending September 30 2019. According to those accounts, SFM employed around 12 staff.
At the time, the company’s fixed assets were valued at £169,670, down from £232,609 a year earlier. Its current assets were valued at £519,647, down from £573,518 the year prior, with creditors due £310,071.
SFM’s total assets less liabilities were valued at £379,246, down from £422,370 in 2018, while its net assets amounted to £224,451, down from close to £250,000.
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