The Financial Times pointed out that the UK company, Link Fund Solutions “had profits of only £7.2mn and net assets of just £30mn in the year to June 2021, according to Companies House.“But if it failed financially, the FCA would surely ask Link Admin to cover any shortfall,” The FT wrote in its Lex commentary column.And what would Link then do? Undoubtedly, that’s the key to the future of this very convoluted bid.
If LSF has only net assets of 30 million why doesn't Link just appoint liquidators and walk away from the steaming pile?
Link Administration Limited has already pointed out that it has no liability for LSF.
LNK Price at posting:
$3.50 Sentiment: None Disclosure: Held
