Private medical insurance provider YourHealth Plus has gone into administration.
The firm was set up in 2005 by directors Jo Clark and Jan Wilson but both directors left the company late last summer following an investigation by its investor Pearl Street Holdings.
The investigation is believed to have been over underwriting arrangements and in December Pearl Street withdrew financial support.
Former sales director Mike Tate and director John Norris both resigned last December following Pearl Street’s withdrawal.
Administrators Coopers Young are overseeing the winding-up process and any advisers owed money by YourHealth Plus should contact them.
Sesame protection research manager Dale Tranter says: “The company achieved good sales figures in its first year and had an innovative product but we declined to approve it on financial strength grounds and that decision sadly appears to have been justified.”