Liquidation of van Eyk won’t halt sales
van Eyk's creditors have voted to liquidate the company, as papers are drawn up for two potential buyers.
While administrator and now liquidator, Trent Hancock, of Moore Stephens, confirmed in a statement that sales contracts would "be exchanged shortly", he could not detail the parties.
However, fellow ratings house Lonsec yesterday confirmed it was "extremely interested" in van Eyk's iRate technology solution.
Again, Lonsec could not detail whether its bid had been successful due to a non-disclosure agreement.
Hancock said the company's liquidation would not affect any sales in negotiation.
He said he would continue to look into the events that led to van Eyk's demise and would be assisting the Australian Securities and Investments Commission and the Financial Markets Authority in New Zealand with their respective investigations.
Recommended for you
A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments for investments.
Inefficient data processes and systems mean advisers are spending over half of their time on product implementation and administration at the expense of clients, according to research.
With the regulator announcing its enforcement focus for 2025 last week, law firm Hall & Wilcox examines the areas which have dropped down the list in priority for the regulator.
South Australian financial advice and accounting business Perks has extended its paid parental leave program from 12 to 26 weeks, putting it on par with big four firms.
