Loan broker admits defeat
Commercial loan provider, KYC Consultancy has announced plans to shut their business due to continuing distress in the commercial loan sector.
KYC has been specialising in aircraft and structured property finance since 2004 and announced plans back in early 2008 to expand into European markets. However, the company have announced that they can no longer continue trading due to what they call, “the continued economic downturn which has had a catastrophic effect on our business levels”.
The closure will result in the loss of 14 jobs.
