Kanda Products and Services Ltd, a credit broker that had a network of around 700 IARs, has entered liquidation. The firm mainly appointed as its IARs traders who wanted to introduce customers to finance for home improvement and other goods and services.
In February, the firm had agreed a VREQ under which it would not appoint any new IARs while it addressed systems and controls weaknesses. The FCA has provided details of the lenders who it knows to have worked with the firm
Philip Harris and Neville Side of FRP Advisory Trading Limited are the Joint Liquidators.