City & Merchant Limited Enters Liquidation

On 11 September 2024, City & Merchant Limited, a firm previously authorized by the Financial Conduct Authority (FCA), officially entered liquidation. This decision was made with the appointment of Dermot Coakley and Shaun Walker from WSM Marks Bloom LLP as joint liquidators to oversee the winding-up process.

Background

City & Merchant Limited was known for its corporate finance advisory services, fund management, and trading operations. However, on 14 June 2024, the FCA imposed restrictions on the firm, barring it from conducting any regulated activities. This move was part of a broader regulatory action to address compliance issues and protect clients and creditors.

Liquidation Process

The liquidation process was initiated on 11 September 2024, with Dermot Coakley and Shaun Walker appointed as joint liquidators. Their role is to manage the liquidation of the firm's assets and ensure that any remaining value is distributed to creditors.

The joint liquidators will soon reach out to customers with detailed information on how they will be affected by this development. For any queries or concerns, affected individuals can contact the joint liquidators directly:

Email: Manpreet.khera@wsm.co.uk

Telephone: 01483 405160

This liquidation marks a significant turn for City & Merchant Limited, and the focus will now be on managing the fallout and addressing the needs of its creditors and clients.