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Background: New global trade credit insurers improving the traditional underwriting platform and increasing transparency. As newcomers, the company are in a position to capitalise on the general unattractiveness of the main mono line insurers.
Funds are sought for working capital and regulatory funding requirements. Likely exit is via trade sale after 5 years.
Equity investment of £1.5m.
Ref: OO010 110
A statutory demand is a written demand for payment of a debt, in a prescribed form, served on either: An individual, in accordance with section 268(1)(a) of the Insolvency Act 1986 (IA 1986). A company, in accordance with section 123(1)(a) or 222(1)(a) of the IA 1986. This practice note provides more detail (Statutory demands and […]View More
John Ridd, NWIX Group Ltd View More
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