Holding company of the prop firm filed for administration earlier this month
The administrator to Futex's holding
company said it has not received an offer to buy the trading
firm less than a month after the Cork Gully was appointed to
managed the defunct business.
"The administrators are continuing to
[explore] all options available to the company however no offer
has been received to buy it as a going concern," a spokesperson
for Cork Gully told FOW.
A 'going concern’ refers to a
firm that has the resources to continue to operate
independently for the foreseeable future.
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