Towergate and the liquidity issue

Money down drain

Towergate's management will be asking wide-ranging questions and considering many solutions as they battle to overcome the business's liquidity crisis according to a financial commentator.

So what are those still in charge at the broker likely to be doing?

Gary Jesson, managing director of e-Financial Management, said they firstly have to be clear about how the liquidity problem has arisen.

"Is it fundamentally that they've got a bad business or have they grown too fast?" Jesson asked.


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