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Broker in trouble - The higher you are, the further you fall

Struggling Erinaceous is the latest firm to fall from grace, reports Marcus Alcock

Property specialist Erinaceous Insurance Services and its parent, the struggling Erinaceous Group had what can only be described as an annus horribilis.

With out-of-court settlements over allegations of fraud, defaulted bank arrangements, a raft of senior management losses and a failed sell-off to boot, it is fair to say that 2007 was not a glorious year in the group's history.

The problems at EIS are not only those related to the wider property services group. In recent months, the broker, one of

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