Financial planning software provider, CCUBE Integrated Wealth has appointed DVT Group as its voluntary administrators as a result of COVID-19 and lack of revenue to make up the start up’s expenses.
Speaking to Money Management, DVT Group’s administrator and senior adviser, Mark Robinson said the group was appointed by the directors of CCUBE on 1 April.
He said clients were experiencing tough times due to the COVID-19 pandemic and the slow growth pattern of acquiring more financial planners to provide services to that growth had levelled off.
The second reason, he said of the appointment, was that it was a start-up organisation and its expenses were significantly greater than revenue and there were no longer any…