Spicerhaart surveyor subsidiary goes into liquidation

Spicerhaart has put one of its subsidiary firms, surveyor and valuation provider H C Wolton & Sons, into liquidation.

Spicerhaart says it has taken the decision to place H.C. Wolton & Sons, which ceased trading in 2007, into liquidation because it has been subject to an increasing number of spurious claims regarding alleged false valuations made prior to 2007.

It says it has endeavoured to settle legitimate claims made against Woltons over the last five years, but has now put the firm into liquidation because there has been a recent increase in the number of claims as well as their legitimacy.

Spicerhaart says that recent claims have been increasingly instigated by ambulance-chasing, no-win no-fee lawyers rather than lenders seeking to settle legitimate claims.