BrightHouse 'on the brink of collapse' after surge of compensation claims

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BrightHouse 'on the brink of collapse' after surge of compensation claims
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BrightHouse said it was in discussions with its stakeholders and is exploring a range of options with administrators reportedly on standby to handle possible insolvency

Administrators have been on standby with BrightHouse reportedly on the brink of collapsing, according to Sky News , with specialists Grant Thornton put on standby to handle its possible insolvency.The weekly payment store which provides loans to customers to purchase electrical items such as televisions and washing machines has been struggling financially for years.

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