Tenet Group Ltd et al. - Administration

Tenet Group Ltd et al., a group of Leeds-headquartered fintech companies which provide financial services to private individuals and support services and facilities to firms of financial advisers, entered administration on 5 June.

The group has taken significant steps to wind down its operations in the recent past, including the sale of certain businesses within the group.

Robert Spence, Edward Boyle and Howard Smith of Interpath were appointed as joint administrators of Tenet Group Ltd, while Robert Spence and Edward Boyle were appointed as joint administrators of certain subsidiary companies, to complete the wind down of the businesses.

95 employees have already been made redundant, while the remaining 52 have been retained on a short-term basis to assist the administrators with the wind down process.