‘To be clear, Close Brothers Limited has not filed for administration’

Admin error sees 102-year-old subsidiary of the UK bank wrongly flagged as insolvent

Close Brothers Limited was mistakenly recorded as having filed for administration after a court administrative error misidentified the bank as the subject, rather than the applicant, of an unrelated third-party administration appointment, prompting the lender and its lawyers to confirm that the 102-year-old entity is solvent.