HOC chief executive Gerry O’Brien says the firm is “looking to safeguard the going concern status of the business”. He stresses it is not in administration, rather directors have had to file a ’notice of intention’ to appoint aministrators.
O’Brien says HOC and the investor are seeking approval from the FSA and says he expects to announce the response early next week.
He says: “I urge you to ignore any rumours that are circulating and not to take steps to terminate your contract with the company thereby keeping your licences and registrations intact. I am sure you are all aware that the negotiations we are involved in are aimed at safeguarding the future of the business and the employment of the company’s staff.”